When JCPenney left the Florence Mall in Florence, S.C., in 1992, mall owner Edens & Avant didn't scramble to find another department store to fill the anchor slot. Instead it quickly struck a deal with a restaurateur to fill the space. Some 10...
WHEN NATIONAL REAL ESTATE Investor compiled its annual survey of the largest industrial developers this year, Atlanta-based IDI assumed its familiar spot near the top of the listing, placing in the No. 2 spot. But, like so many other players in...
IN AN EXCERPT FROM HIS 1974 tome Minding the Store, Neiman-Marcus Chairman Emeritus Stanley Marcus offers a behind-the-scenes look at how a Dallas-based specialty store became one of the world's most recognized luxury merchants...
From UBS Warburg's Weekly Chain Store Sales Snapshot to Instinet's Redbook Retail Sales Average, economic indicators point to hard times for retailers. But for the outlet sector the news is somewhat less discouraging. When mainstream retailers'...
When Kmart Corp. filed for Chapter 11 bankruptcy protection Jan. 22, its stock price — which had reached a 52-week high of $13.55 in August — plummeted to an abysmal 66 cents...
In 1998, Manchester, N.H., authorities arrested eight protestors for picketing a Foot Locker store at the then-privately owned Mall of New Hampshire. A subsequent free speech lawsuit and enormous media coverage drew nationwide attention to the...
Birmingham, Ala. – Saks Inc. recently announced plans to close its 128,000 sq. ft. Saks Fifth Avenue store located in White Plains, New York. The company has reached an agreement to sell the real estate to local retailer, Fortunoff, but will...
New York – In an effort to drive growth and increase profits, locally based Estee Lauder Co. will close 86 of its 170 Tommy Hilfiger fragrance shops in the United States. The cosmetics and beauty-product maker also plans to retool its computer...
