Howard Schultz, as this article puts it, "wants to remind people what Starbucks stands for, and that most of its coffee drinks don't cost $4." So Starbucks is launching a major advertising campaign to let everyone know they can get a deal at the coffee giant. The measure was announced during yesterday's...
It's been kind of quiet on the mass store-closure front, hasn't it? Sure, we've seen a lot of damage with the Circuit City/Linens closures, and it seems like there could be unsurprising news from Blockbuster some time soon. But didn't you think that by this time in 2009 there would be more fallout from...
As if the economy needed more problems, now we have the swine flu, and with it reports that it could further destroy consumer confidence. As one article says: One big fear is that spooked consumers will cut back spending on travel, restaurant meals and trips to shopping malls. We hope that the severity...
It's nice to see a company like Developers Diversified turn in a good quarter. Net income came in at $76.8 million, up from $29.6 million during the same year-ago period. Plus, the REIT was able to generate some cash by disposing of seven centers for $67.4 million, and shareholders agreed to sell 30...
Home-furnishings chain Kirkland's is closing about between 35 and 40 stores this year, says this Reuters article. The move comes as the chain is pursuing a strategy to move out of malls and into open-air shopping centers. It's not ALL bad news, though. The company still plans to open between 15 and...
General Growth Properties issued a press release announcing it is filing for bankruptcy this morning just before 3 a.m. Eastern time. This development isn't much of a surprise to anyone following the story. The mall owner has $27 billion in debt, much of it from huge acquisitions, like its purchase...