It looks like the closest thing we have to a RadioShack buyer is private-equity firm Blackstone Group, in a deal that could reach $3 billion, the New York Post reports. The article says that CEO Julian Day wants to accelerate the selling process and is making presentations to bidders this week, which...
The retail real estate industry is far from its high-flying days of 2007 and before, but most executives we spoke with at ICSC's RECon show weren't about doom and gloom. Things are looking up...kind of. "We're seeing more demand for retail space," said Scott Schroeder, vice president of marketing at...
Sarah Palin, the former governor of Alaska, said at the ICSC RECon show in Las Vegas that President Obama has an addiction problem. He's addicted to OPM (pronounced by her as "opium"), she said, referring to an acronym for Other Peoples' Money. And that was the main message of her keynote speech to kick...
Walmart's same-store sales were down 1.4% during its most recent quarter. So what does that mean about the state of the overall economy? There are two theories. Some make the argument that the economy is improving, and consumers are now "trading up." Stronger sales at Target and other chains are used...
Instead of hearing about massive store closures this year, we could get more news about chains opening their doors, according to a just-released retail report by CB Richard Ellis. The report surveyed executives at just over 100 retail companies -- most of them national -- and found that more than 90%...
