January 14, 2015

Rite Aid Corp. has increased its borrowing capacity to $3 billion as part of a refinancing of an 8% senior secured notes that are now due in January 2020.

December 4, 2014

On the heels of its eight straight quarterly loss, Aeropostale said it would close about 75 stores in the current quarter, and could close 50 to 75 more namesake locations in 2015, and 126 P.S. from Aeropostale stores by the end of January.

December 4, 2014

Pacific Sunwear of California Inc. reported a $469,000 net loss in the third quarter of fiscal 2014, compared to net earnings of $17.7 million the same period the prior year.

November 20, 2014

Colliers International released the highlights of its latest global retail report – examining 125 retail real estate markets in 50 countries – and found that luxury retail continues to show strong growth in the top global markets and prime cities in Asia.

November 13, 2014

Kohl’s Corp. reported a 20% decline in 3Q profit, missing Wall Street estimates, as the retailer continues to be challenged by drops in store traffic and weak sales.

November 4, 2014

 BlackRock Kelso Capital Corporation announced that it has completed a transaction with Gordon Brothers Group to launch Gordon Brothers Finance Company.

November 3, 2014

 A man and a woman have been charged with making more than $3 million in fraudulent charges on Home Depot Canada credit cards between 2011 and 2014.

October 21, 2014
New York -- Using smartphones and tablets to shop for the holidays has grown by 53% since 2012, and is expected to play a big role in decision making and actual purchases this year, according to the American Express Spending & Saver Tracker. The report finds the average American consumer is back to holiday spending at 2012 levels, and will plan to shell out $842 this year (vs. $1,260 in 2013 and $848 in 2012).   Consumers saying they will use their gadgets to:
September 24, 2014

One of the nation’s most venerable department store brands, Saks Fifth Avenue, has given a big boost to the retail revitalization of Lower Manhattan.

September 18, 2014

Costco Wholesale Corp will stop accepting American Express cards at its stores in Canada, effective January 1, 2015.

September 2, 2014

Household purchases unexpectedly fell 0.1% in July, after rising 0.4% the prior month, according to figures released by the Commerce Department.

May 6, 2014

RKF has announced that it will lease the entire seventh floor of 521 Fifth Avenue in midtown Manhattan.

April 8, 2014

New York City is the world’s retail hub — and within the city are major opportunities for retail expansion.

March 31, 2014

The second floor of Uniqlo’s Fifth Avenue flagship in Manhattan has been transformed in conjunction with the launch of the retailer’s SPRZ NY collection, done in collaboration with the Museum of Modern Art.

March 26, 2014

CBRE has introduced AIG Global Real Estate to Associated Estates Realty Corp.

January 28, 2014

Capillary Technologies has entered a joint marketing agreement with American Express in which American Express will introduce Capillary’s Intelligent Customer Engagement solutions to select medium-sized retailers in the U.S.

December 12, 2013

Sarah’s Kitchen has signed a lease for a 9,150-sq.-ft. space at 270 Madison Ave., between East 39th and East 40th Streets in Midtown Manhattan.

October 11, 2013

Charming Charlie has signed a lease for a 15,500-sq.-ft. store at 445 Fifth Avenue in the heart of midtown Manhattan.

October 8, 2013

American Express Serve announced a free nationwide cash load network and the addition of new money management capabilities to its full-service reloadable prepaid account.

October 7, 2013

Schimenti Construction Company is building a $1.5 million Panera Bread cafe on Fifth Avenue in midtown Manhattan.

August 26, 2013

Hedge fund manager and activist investor William Ackman is selling his entire stake in J.C. Penney.

August 21, 2013

Citi Trends Inc. lost $5.5 million for the period ended Aug. 3, compared to a loss of $7.9 million in the same quarter a year earlier.

August 8, 2013

Fairway Market will be the anchor grocer at the Hudson Yards residential/retail complex being developed by Related Companies and Oxford Properties Group in Manhattan.

July 24, 2013

Paul Rutenis, the top buyer for J.C. Penney's newly made-over home department, has left the company, according to a report by Citigroup.