300 Blockbuster Stores Scheduled for Closing
Eighteen months after purchasing 1,500 Blockbuster stores primarily for their real estate value, DISH Network Corp. made the decision to close 300 of the retailers’ former locations. The closures come...
View ArticleBarnes & Noble to Close a Third of its Stores
In a move that comes as no great surprise, Barnes & Noble retail CEO Mitchell Klipper told the Wall Street Journal that the company plans to close a third of its stores over the next 10 years–or...
View ArticleDid Dollar Stores Over-Expand?
For successful retail chains, overexpansion is a forever lurking danger. Once a company finds it core customer and its same-store sales begin to shoot up, it’s hard to resist the temptation to open a...
View ArticleSigns of Trouble at J.C. Penney?
The New York Post reports the struggling department store chain might be in for some major layoffs. Citing low cash reserves, sources close to the company indicated that J.C. Penney Co. may lay off...
View ArticleIs Fast Retailing About to Make an Offer for Gap?
Bloomberg reports that Japan-based Fast Retailing, which already owns specialty apparel seller Uniqlo, might be eyeing Gap Inc. The American casual wear retailer has done a lot to improve itself after...
View ArticleGoogle Readying to Open Stores in Major U.S. Cities
The Los Angeles Times reports the tech giant would like to follow Apple’s example with stores that would allow customers to test-drive its Google Glass smartphone eyeglasses, Chrome computers and...
View ArticleOfficeMax, Office Depot Might Merge
As we predicted in late 2011, the office supplies sector might be ready for consolidation. The Chicago Tribune reports that Office Depot has started negotiations for the acquisition of rival OfficeMax....
View ArticleOfficeMax/Office Depot Merger a Done Deal
Well, that was fast. Just a day after news broke that Office Depot was in the process of making an offer for rival OfficeMax, The New York Post reports the two retailers agreed to a merger. The...
View ArticleLandlords Prefer Mergers to Liquidations
Although retail landlords realize that the Office Depot/OfficeMax deal will likely hit them where it hurts, with potentially hundreds of store closures, they view it as the best alternative for the...
View ArticleAhold Eyeing Harris Teeter
This may turn out to be quite an active year for acquisitions in the retail sector. Bloomberg reports that Dutch supermarket operator Royal Ahold NV has contacted Harris Teeter’s financial advisor JP...
View ArticleWal-Mart Growth Heavy on Small-Format Stores
After facing a few hurdles in developing its small-format units, Wal-Mart is reporting its Neighborhood Market and Express locations are taking market share away from dollar stores, supermarkets and...
View ArticleIs Johnson Being Forced Out at J.C. Penney?
The New York Post just refuted the rumors that Ron Johnson has already left the department store chain, but it sounds like many people would like for him to leave and that his days at the company may...
View ArticleA&P Gets Ready to Sell Some Non-Core Holdings
The company has entered contracts for a combination of leasehold sales and sale-leaseback transactions, according to the Progressive Grocer. It expects that the sales will help it generate more than...
View ArticleAnother Outlet Center Battle Plays Out in New Orleans
The Howard Hughes Corp. and its decision to expand and redevelop the existing Riverwalk Marketplace into an upscale outlet center have forced the smaller DAG Development to abandon its plans for a new...
View ArticleJ.C. Penney REIT–Viable Solution for a Struggling Retailer?
It’s a road William Ackman, one of J.C. Penney’s largest shareholders, has tried to explore in the past, when he proposed spinning the land under Target stores into one of the country’s largest REITs....
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