Exclusive News Alert

06/09/2011 - 4:49pm
Borders faced with closing 51 more stores

Borders Group said Thursday that it is faced with closing dozens of its best-performing stores due to a requirement of its bankruptcy financing if their landlords don't agree to extend a lease-negotiation period.

06/09/2011 - 4:23pm
Gap to close 200 U.S. stores, will expand outlets

At an investor conference on Thursday, Gap CEO Glenn Murphy announced the company will close 200 of its 900 U.S. namesake stores even as it expands its outlet presence.

06/09/2011 - 3:12pm
Express, King of Prussia, Pa.

Express is launching a store design concept created by the hot Japanese design firm Wonderwall.

06/09/2011 - 1:06pm
Top 10 countries for retail expansion

Brazil jumped to first place in A.T. Kearney’s annual ranking of the top developing economies for global retail expansion, followed by Uruguay and Chile respectively.

06/09/2011 - 1:06pm
Investment sales of retail properties surges 53%

Investment sales volume of significant retail properties totaled $5.8 billion in the first quarter of 2011, up an astounding 53% from the same period in 2010.

06/09/2011 - 10:28am
Report: Two firms team up for BJ’s buyout bid

Two private equity firms are teaming up to make a bid to purchase BJ’s Wholesale Club, the New York Post reported.

06/09/2011 - 10:26am
FM Facility Maintenance acquires US Signs

FM Facility Maintenance, a leading provider of facility management for clients with multisite restaurant and retail locations, announced that it has acquired the assets and certain liabilities of US Signs.

06/09/2011 - 10:25am
Men's Wearhouse Q1 profit doubles, beats Street

Men's Wearhouse reported Wednesday that its net income more than doubled in the first quarter, rising to $27.2 million from $13.6 million in the year-ago period.

06/09/2011 - 9:59am
Target details $100 billion goal at annual meeting

Target ended its last fiscal year with sales of $67.4 billion and earnings per share of $4, but if company chairman, president and CEO Gregg Steinhafel has his way, within six or seven years earnings per share will double to $8 and sales will top $100 billion.

06/08/2011 - 4:38pm
Aldi tops survey of low-cost grocers

Discount grocer Aldi ranks as the nation’s low-price grocery leader, according to a recent consumer survey conducted by Market Force Information.

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