Simon Property Group CEO David Simon weighs in on possibly acquiring some of General Growth's portfolio during a Bloomberg Television interview. "We're a logical buyer," he says. "There's a lot we can do with those properties." Simon also says that the industry could see a recovery some time next year...
Blockbuster is ramping up its store-closure process. By the end of next year, the retailer is closing up to 960 locations as part of an "accelerated" program, according to a recent SEC filing. That number is up from the up to 425 that were previously on tap. In addition, the company is trying to terminate...
A recent Time magazine article says a new Walmart program called Project Impact seeks to beat down its competitors. We didn't know that was anything too new, but apparently the company is shifting to a higher gear in its efforts. Says retail consultant Burt Flickinger III: "They've got Kmart ready to...
We try not to let things get to us too much around here, but every now and then, the irritation takes over. Take, for example, stupid television commercials. We aren't in the camp that hates every TV ad out there. In fact, we think many are pretty darn creative. But for some reason, this series of Best...