A WHOLE NEW WORLD
Jul 1, 2004, Bennett Voyles
Flush with the positive reception of its new 58,000-square-foot Manhattan flagship at Columbus Circle, Whole Foods is opening stores in Greenwich Village...
Sears Gets Grander, To The Tune Of $621 Million
Jun 30, 2004
Sears is shelling out $621 million in cash for ownership and leasehold interests in as many as 54 Kmart stores and seven Wal-Mart stores. The Chicago-based retailer paid about $10 million per store. Most of the acquired stores are in large urban markets and will be converted to the retailer's Sears Grand model, which offers a racetrack design, centralized checkouts and a pharmacy in addition to traditional Sears merchandise such as apparel and home appliances. ...
Target Finds Buyer for Marshall Field's
Jun 9, 2004, Melody Vargas
Target Corporation has reached a definitive agreement to sell its Marshall Field's business unit to The May Department Stores Company for approximately...
Live from ICSC Spring Convention: Heard on the Floor
May 26, 2004
In a bid to "test the market," First Allied President Ed Glazer says his firm is putting 37 of its 55 properties up for sale as a single portfolio. Atlanta-based...
Live from the ICSC Spring Convention: Heard On The Floor
May 24, 2004
You know you're at ICSC Spring Convention when you see someone standing at a urinal doing a deal on his cellphone. Here are some of the news and comments...
Say Hola to Hispanic Customers
May 1, 2004, Michael A. Pollack
Last year, Hispanic purchasing power in the United States reached nearly $600 billion an 11 percent increase over 2002s estimated $540 billion. Studies...
Inline ECKERDS First To Close?
May 1, 2004, Renée DeGross
On the heels of J.C. Penney's $4.5 billion sale of Eckerd to CVS Corp. and Jean Coutu Group's Brook's Pharmacy, questions linger about potential store...
LVMH: Luxury's International Name
May 1, 2004, By Curt Hazlett
Recessions come and recessions go, but luxury never goes completely out of style, even if sales were subdued following the September 11 tragedy. Some...
RETAIL FACE OFF: Teen Angst
May 1, 2004
Today's crowded teen market targets subsectors ranging from skaters to punks to preppies, but the most crowded field is the suburban prep/athlete. Three...
Digesting Eckerd: the impact on Penney's, CVS & Coutu
Apr 8, 2004
Now that JCPenney has $3.5 billion burning a hole in its pocket, how will the company spend the proceeds from the sale of its Eckerd division? Penney's...
On The Bright Side
Apr 1, 2004
Art Coppola, CEO of The Macerich Co., has expressed a desire to recapture the Mervyn's space in his company's portfolio, saying he sees upside potential...
SHAKEUP
Apr 1, 2004, Marc Hequet
Landlords are bracing for Target Corp.'s possible sale of Marshall Field's and Mervyn's, which could bring the retailer a total of $4 billion. It could...
Office Depot Flips Kids Stores To Petco
Mar 24, 2004
Just a few weeks after paying Toys "R" Us more than $197 million for 124 Kids "R" Us stores, Office Depot sold 20 of the stores to Petco for $45 million...
Toys "R" Us, Footstar woes benefit Foot Locker, Office Depot
Mar 10, 2004, Brannon Boswell
Office Depot announced plans to purchase 124 former Kids "R" Us Stores from troubled conglomerate Toys "R" Us for $197 million, but only 50 or 60 of those...
RETAIL FACE OFF: Good Sports
Mar 1, 2004
The fragmented $46 billion sporting goods market, still dominated by mom and pops, is coming out of a seven-year slump. For now, the Sports Authority...
GONE WITH THE WINN
Mar 1, 2004, Renée DeGross
Wal-Mart may be preparing to take a bite out of Jacksonville, Fla.-based grocer Winn-Dixie and its trough of Southeastern stores now that the 1,070-unit...
Torn Between Two Rivals
Mar 1, 2004, Brannon Boswell
Last month in Orange County Supreme Court, The Wet Seal sued Greg Scott, former president of the company's upscale Arden B. division, after he become...
Tourist Traps
Mar 1, 2004
Watch out big-box sporting goods stores. Tourist-attracting rivals Cabela's and Bass Pro Shops are garnering government tax incentives and subsidies to...
Abercrombie Goes after Grown-Ups
Feb 18, 2004, Joy Armstrong
Attempting to clean up its image and stabilize growth after more than a year of same-store sales declines, Abercrombie & Fitch plans to raise prices and...
Freefall for Winn-Dixie
Feb 4, 2004, Joy Armstrong
Recent predictions that Winn-Dixie might not bounce back from six months of disappointing sales and stiff competition from Wal-Mart and Publix are starting...
RETAIL FACE OFF: Technological Warfare
Feb 1, 2004
2004 should be big for consumer electronics retailers. Analysts predict it will be the year that high-definition television becomes affordable to the...
Zandl's Zeitgeist
Feb 1, 2004, Peter Hochstein
While $15,000 a year sounds pricey for a subscription to a bimonthly newsletter, many companies with customers aged eight to 24 consider Irma Zandl's...
Super Bowl Spurs Retail Sales
Jan 28, 2004, Joy Armstrong
Super Bowl parties are expected to generate big sales on team apparel and electronics this year, according to a survey conducted for the National Retail...
Holiday Sales Fell Short
Jan 7, 2004
In spite of one extra pre-Christmas shopping day and a stronger consumer, December comparable-store sales fell slightly short of expectations. Lazard...
ICSC New York Show: Heard On The Floor
Dec 12, 2003
Our editors made the rounds and here are a few of the tidbits they uncovered. More comprehensive show coverage will be available in our January 2003 issue. ...
