It looks like American Eagle's experiment to attract an older consumer didn't work out too well. The retailer is supposedly closing down its 28 store Martin + Osa chain that it launced in 2006. The news follows a strong January sales period for the company. Same-store sales rose 10% during the month...
It seems like every big-box retailer out there is looking to size down store sizes in efforts to grow in urban areas. Walmart is focusing on smaller stores. Target kind of has plans to do the same. Home Depot is already incorporating the strategy. On the surface, it makes sense. Even with higher real...
Ann Taylor could use some bright news, and some is apparently coming its way. The apparel retailer said that fourth quarter results are coming in ahead of of its expectations. Flat same-store sales are projected, including a 2% rise at its Loft concept. Meanwhile, the gross margin rate is seen at 52%,...
NEW YORK CITY-REITs raised plenty of money in anticipation that a flood of distressed assets would hit the market, but that's not happening, says the <i>Wall Street Journal</i>.