A Standard & Poor's report (via BusinessWeek) doesn't have a lot of faith, like many commenters on this blog, in US consumers paying off debt and buying groceries with their rebate checks. It says they are more likely to go on a spending spree at Best Buy...even if some credit card debt gets paid...
This year's International Council of Shopping Centers RECon convention later this month is coming at an interesting time. According to a Newsweek article, gaming revenues are down, room rates have dropped and the number of conventions has fallen by 10.4%. Additionally, Tropicana Entertainment just filed...
Today we report on Home Depot's decision to abandon the opening of 50 new stores and close 15 stores. That might not seem like much considering that the chain has more than 2,200 stores, but we would image that few people would have predicted this a couple years ago. It seems like every chain is pulling...