Another chain is going out of business. Gottschalks, which filed for bankruptcy at the beginning of the year, can no longer hold on, and is closing all 58 of its stores, which are located on the West Coast. So now there is more product out there to absorb. It seems like there was some success in...
A possible merger between two publicly-traded retail REITs? What is this, like, 2006? News we thought we wouldn't see for a very long time is shaping up. Apparently Jeffrey Olson, the chairman of Equity One sent a letter to Farmington Hills, MI-based Ramco-Gershenson Properties Trust's management, saying...
Every day we see more and large chains releasing reports that they are seeking rent reductions with their landlords. Recently we've heard from chains as diverse as Williams-Sonoma, Quiznos, Charming Shoppes and others. Macy's is one of the few stores to come out and say it isn't engaging in this practice,...