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U.S. retail sales at strongest since December
Buoyed by a slight decline in gasoline prices and summer clearance sales, the U.S. retail industry rebounded last week with its strongest performance since December, according to a leading national retail group.
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Store closings will climb this year
The International Council of Shopping Centers last week raised its estimates for the number of stores that will close this year to 144,000, up 7 percent from last year. That s the largest one-year increase in the 14 years the ICSC has tracked the figures.
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US chain store sales rose 2.6 pct last week-Redbook
NEW YORK, July 22 (Reuters) - Redbook Research on Tuesday
released the following seasonally adjusted weekly data on U.S.
chain store sales:
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Starbucks - Full List of U.S. Store Closures
Starbucks will close approximately 600 company-operated stores in the U.S. beginning this month and continuing through the first half of FY09. The full list as of 7/17/2088 can be found here.
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Q2 2008 Net Lease Market Report
Boulder Net Lease Funds has released its Q2 2008 Net Lease Market Report. The report provides comprehensive numbers and analysis of the net lease property market.
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Walgreens Plans to Reduce Organic Drugstore Growth
Annual organic store growth rate to be lowered from current 9 percent to long-term target rate of 5 percent
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Starbucks closing 600 stores in the US
Starbucks closing 600 underperforming stores in the United States
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Blockbuster Drops Circuit City Bid
BlockbusterBBI on Wednesday withdrew its $XX bid for Circuit CityCC, citing "market conditions."
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Walgreen same-store sales rise 3.4 percent
Walgreen Co (NYSE:WAG - News), one of the largest U.S. drugstore operators, said on Wednesday that June sales at stores at least one year rose 3.4 percent, led by general merchandise purchases.
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Retail sales rise much more than expected
WASHINGTON (Reuters) - Total sales at U.S. retailers rose a full percentage point in May as many consumers had more sping cash in their wallets from government rebate checks, a report on Thursday showed.
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Commercial Property Prices Still Gaining
Commercial real estate prices were up more than 5% nationally at the of March from the same time last year, according to Standard & Poor’s March GRA Commercial Real Estate Indices.
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Circuit City may have several bidders: investor
Retailer Circuit City Stores Inc (NYSE:CC - News) has received buyout interest from several strategic and financial bidders, including movie-rental company Blockbuster Inc (NYSE:BBI - News), and a sales agreement could be announced over the next month, an institutional investor said on Tuesday.
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