Now that all of the Circuit City's 560 stores are dark, landlords are trying to fill the spaces left behind. Some are finding success, like one firm we recently spoke with, the Blue Bell, PA-based Goldenberg Group, which leased a former Circuit City location to furniture chain Raymour & Flanigan in...
Moody's recently put out a "Bottom Rung" list of 283 companies that the ratings agency thinks are most at risk of defaulting on their debt, and there's a lot of retail on there. Reuters has nicely put together a condensed list of all 39 retail and restaurant operators to make the distinction, and there's...
General Growth Properties is asking its lenders for until the end of the year to refinance debt, so it can avoid filing for bankruptcy. The mall owner has $1.18 billion in past-due debt and $4.09 billion that can be accelerated by lenders. It is giving lenders until March 16 to respond. The good news...
As you probably guessed, the tough retail environment in the US is not unique. Even India's growing economy is having issues. Check out this news report from NDTV out of New Delhi. [youtube=http://www.youtube.com/watch?v=Mjn-v0fAivI]