Forest City Enterprises Inc. hit a milestone today as the Cleveland-based company announced its inclusion in the Russell 1000 Index — a ranking of the 1,000 largest U.S. stocks by market capitalization. As of May 31, 2002, Forest City’s market cap...
Hoisted by a hot summer climate, retail earnings for mass merchandisers are recovering from the recent recession with rising margins and estimates. Retailers Kohl’s and Dollar General reported double-digit comps for June, with same-store sales...
Investments in failed e-retail portal Fashionmall.com and broadband network MerchantWired.com will impact Taubman Centers’ second quarter 2002 earnings...
A "secret sale" event helped Chico’s FAS post impressive numbers for second quarter 2002. The Fort Myers, Fla.-based specialty apparel chain reported a total sales gain of 42% to $46.5 million and a 15% gain in comp store sales for the period...
Tuesday Morning Corp. CEO Kathleen Mason did what analysts said she couldn’t do — drive earnings in second quarter 2002 on flat comp-store sales. The Dallas-based closeout chain recently announced an 83% growth in earnings for the reporting period...
Wal-Mart is celebrating its 40th birthday at the store where it all began. On July 2, 1962, the first Wal-Mart opened its doors in Rogers, Ark., at the Shelby Lane Mall. The 35,000-sq.-ft. store employed 25 sales associates...
Nashville’s Opry Mills is now wholly owned by Arlington, Va.-based The Mills Corp. The self-managed REIT purchased the remaining 33% of Opry Mills that it did not own for $87 million from joint venture partner Opryland Attractions Inc., a...
Despite some decline from the previous year, the number of new centers and stores built in 2001 reflects signs of an industry continuing to fare well in a turbulent economy, according to data collected from the 64 retail contractors that...