Limited, Intimate Brands outline operations plan
Oct 16, 2001
Columbus, Ohio – Locally based Limited Inc. and its majority-owned lingerie unit Intimate Brands Inc. recently outlined store expansion programs for fiscal 2002...
Despite retail slump, U.S. malls find tenants
Oct 15, 2001
New York – According to a recent story by Reuters, plunging retail sales after the Sept. 11th attacks on the United States have store managers preparing for a recession. However, mall and shopping center owners won't be rushing to slash rents as...
American consumers upbeat about economy
Oct 15, 2001
Worthington, Ohio – According to the Consumer Intentions and Actions Survey recently conducted by locally based BIGresearch and Deloitte Research, a division of Deloitte & Touche, consumers are confident that a strong economy will return next...
Halloween sales to reach nearly $7 Billion
Oct 12, 2001
Washington, D.C. – Consumers aged 18 to 24 years old will spend an average of $68 this year on Halloween-related items, including candy, costumes and decorations. That compares with the overall average of $45 for the 1,000 respondents in a survey...
Federated reports declining sales
Oct 12, 2001
Cincinnati – Locally based Federated Department Stores Inc. reported a 12.9% decrease in comparable-store sales for the five weeks ended October 6, 2001, reflecting the aftermath of the September 11th terrorist attacks and the slowdown in the...
Simon Property Group purchases 50% stake in Fashion Valley Mall
Oct 11, 2001
New York – Locally based Lend Lease Real Estate Investments, on behalf of its Prime Property Fund, recently sold a 50% stake in San Diego's Fashion Valley Mall to Indianapolis-based Simon Property Group Inc. Simon also has assumed management...
Mall security steps up
Oct 11, 2001
San Diego – Security officers at more than 160 malls across the country are currently using Inspection Manager from locally based TISCOR to automate security operations...
Mid-Atlantic Realty Trust purchases Pennsylvania shopping center
Oct 10, 2001
Lutherville, Md. – Locally based Mid-Atlantic Realty Trust (MART) recently purchased the Pottstown Plaza Shopping Center located roughly 25 miles northwest of Philadelphia. The facility was purchased for $10.7 million using MART's line of credit...
Kmart announces executive promotions
Oct 10, 2001
Troy, Mich. – Locally based Kmart Corp. recently promoted Barbara Firment to the position of VP advertising and in-store event marketing and Rick Noechel to VP controller, effective immediately...
Albertson's names Kathy Herbert to head HR
Oct 09, 2001
Boise, Idaho – Locally based Albertson's Inc. recently named Kathy Herbert as EVP - Human Resources, reporting directly to Larry Johnston, chairman and CEO...
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