The Wall Street Journal is saying that Macy's will close 10 of its underperforming stores. (NOTE: Macy's has since announced that it is closing 11 stores.) Sure, it's not very many compared to the 860 they operate in total, but that's still the square footage of about two regional malls, right? Macy's...
Most retailers don't post their official December sales results until tomorrow, but early data coming in doesn't look all that promising. According to reports on MasterCard's latest SpendingPulse survey, which tracks transaction data, apparel and department-store sales fell 18.3% in December. But for...
We've come across two articles this morning discussing how retailers will have huge sales this month to lessen the impact of what might be one of the worst holiday seasons ever. A shocker. We know. In both reports, analysts are saying that the likelihood is dim that these discounts will improve the retail...
We've seen that report in two different stories the past two days, and it sure seems like a lot. The bad news comes from Burt P. Flickinger III, managing director of the Strategic Resource Group, who actually said that the number could be as low as 2,000. Whew. That's a relief. He's also saying in the...
Over here at Counter Culture, we love us some NBA, so when there were about 10 nationally televised games on Christmas, we were pretty much glued to the TV. And about every five minutes there was the trailer for "Paul Blart: Mall Cop," a silly-looking comedy that we probably won't be checking out any...
We've been a little slow to report that General Growth is marketing three trophy properties in its portfolio that were originally acquired from the Rouse Co. The assets, being marketed by DTZ Rockwood, are Faneuil Hall in Boston; South Street Seaport in Manhattan and Harborplace and the Gallery in Baltimore. We've...