NEW YORK CITY-A team of Bank of America analysts that attended last week's International Council of Shopping Centers' Spring Convention had mostly good things to say about their meetings with retail REITs through the event. They did notice concern about a slowdown in consumer spending and new retail concepts that aren't working as planned, though, in a recently released report.
LAS VEGAS- Retail executives and municipal leaders both agree that many downtowns in the US are under-stored, but bringing retail to those areas is a difficult task. A panel here at the International Council of Shopping Centers' Spring Convention addressed those challenges during a discussion on the topic.
LAS VEGAS- Lance Armstrong challenges members of the shopping-center industry to fight the battle that he has taken on now for more than 10 years – the battle against cancer. The seven-time Tour De France-winning cyclist and cancer survivor was the opening speaker today at the International Council of Shopping Centers' 50th annual Spring Convention.
PLANO, TX-J. C. Penney Co. is on track to open 250 new stores and renovate 300 units over the next five years, executives say during their Q1 conference call.
COLUMBUS, OH-The company is selling a majority interest in the 631-store chain to a private-equity firm for $548 million and looks at selling its Limited units.
