Across sectors, we're seeing many leading retailers cut back on their store openings due to the weakened economy. But Chipotle Mexican Grill is still growing as if gas prices are $2 a gallon and milk isn't a middle-class luxury. It still has great numbers. The chain, which has plans to open 130 to 140...
While the coffee sector isn't too kind to Starbucks lately, McDonald's had a profitable second quarter due, in part, to its push into that beverage space. That's what WD Partners analyst Dennis Lombardi says in this MarketWatch audio interview where he talks about the fast-food giant's strong Q2. "People...
It seems like Hayward, CA-based department-store chain Mervyns is the next in line for closures or bankruptcy. We are seeing reports that the retailer, with most of its 177 stores on the West Coast, is no longer getting orders approved from suppliers. It's been years since we've entered a Mervyns, but...
The crew over at Serious Eats, drew our attention to a Google Map of the recently-reported Starbucks closures posted on CNNMoney.com. Isn't the Internet great? Click the image below to see the 600 places where it's shutting stores, down to the street corner. Any near you?
We've found during our week-long escapade to Alaska an interesting retail climate. Some popular local chains in the area aren't all that interested in expanding, but they probably could do so and succeed. And on the other hand, national chains that seem to do well here, haven't over-stored the area...
So Centro Properties Group found a buyer for 29 of its US centers at $714 million, according to reports. Supposedly the buyer is DRA Advisors LLC (Centro never named the purchaser), which acquired the centers at a 10% discount. Centro, reportedly $17 billion in debt, will still have about 650 centers...