This Nation's Restaurant News report details how GE Capital Solutions is slowing its lending to restaurant-franchise owners. This comes after recent reports (which have been refuted) that Bank Of America is cutting lending to McDonald's owners that want to make expensive upgrades in their restaurants...
The news that mall-owner General Growth Properties is looking to sell off its assets isn't surprising, given its highly publicized debt issues. We've also heard rumors that the REIT has had layoffs at its Chicago headquarters. But is now the best time for the company to try to do this with all of the...
One of the things that dismayed us the most about Lehman Brothers' failings was the possibility that we would no longer get their great analyst reports on various public retail chains. Well, the firm is still churning them out. We got one on Friday about Dicks Sporting Goods, entitled "We Believe DKS...
Shouldn't discounters thrive in this sick economy? 99 Cents Only sure isn't. The deep discounter is exiting Texas, where it will close all of its 48 stores. The move leaves the City of Commerce, CA-based retailer with 230 units in California, Nevada and Arizona. The move comes just days after 99 Cents'...
Given all of our recent coverage of how the economy is going down the toilet, we find this Fitch report on holiday sales...obvious. (Read a summary here.) "As expected, the 2008 'back-to-school' period showed disappointing results for department store and specialty retailers," the report says. "This...