Even in today's economy, a 32% same-store sales drop looks kind of bad. That's why, in part, private-equity firm Cerberus Capital Management has decided not to make a play for the beleaguered Linens 'n Things, according to this New York Post article. This follows a May bankruptcy declaration and the...
NEW YORK CITY-Bankruptcies, buyouts and a possible restructuring by insurance giant AIG are sending shockwaves through an already shellshocked financial sector.
NEW YORK CITY-Bankruptcies, buyouts and a possible restructuring by insurance giant AIG are sending shockwaves through an already shellshocked financial sector.
Much has been made of UK-based grocer Tesco's expansion into the US, in part because its 15,000-sf footprint allows the chain to expand rapidly in spaces too small for other grocers. This article discusses how many major domestic chains like Wal-Mart and Safeway are following suit. We particularly love...
We've heard both sides of the story for years. Some industry veterans have told us that the US is under retailed. Others have said for a while now that there is way too much product out there. Well, this Wall Street Journal article strongly supports the later argument. Now that the bottom has dropped...
NEW YORK CITY-The investment bank is spinning off $25 billion to $30 billion into a separate entity called Real Estate Investments Global by next year's Q1.
NEW YORK CITY-The investment bank is spinning off $25 billion to $30 billion into a separate entity called Real Estate Investments Global by next year's Q1.
An analyst quoted in this New York Times article poses an interesting theory: Deep discounter Aldi will one day compete head-to-head with Wal-Mart. We hadn't heard this one before. According to this online fact sheet, the closely held German grocer has 950 stores in the US and this year will open more...