The retail world received a shock recently when Lee Scott, Wal-Mart's very visible president and CEO, announced a January retirement. He's getting replaced by Michael Duke, the retailer's vice chairman in charge of international operations. One article points out that Scott's departure is a bit strange,...
Usually things around here are about bad news lately. So we're pleased to announce that at least one retailer is doing well other than Wal-Mart. BJ's Wholesale recorded nearly a 12% same-store sales rise during its third quarter and is even boosting its store openings next year. Executives say the Northeast-based...
As retail centers brace for slower holiday traffic, so are their eatery tenants, says this WSJ article. Sure, what chains aren't suffering, restaurants or not? But one analyst, Oppenheimer & Co.'s Matthew DiFrisco points out something we hadn't fully considered: "They live off the flow of traffic...