Kmart continues regrouping
Aug 19, 2002, by David Sokol, Associate Editor
Closing 283 stores just didn’t cut it — the budget, that is. Almost eight months after filing for chapter 11, Kmart Corp. today announced an initiative...
ICSC Florida 2002:landlords & tenantsshow some love
Aug 19, 2002, — Brannon Boswell, Managing Editor
An embrace between Craig Sher and Michael Folio was the crowning moment of the series of panel discussions held today at ICSC’s 2002 Florida Conference...
ICSC Florida 2002:Mulling over The Mall at Millenia
Aug 19, 2002, — Brannon Boswell, Managing Editor
Orlando’s soon-to-be-completed The Mall at Millenia is a gamble that could cost its investors a bundle, said Britt Beemer, chairman of Charleston, S.C.-based...
Too racks up 78% EPS increase
Aug 14, 2002, by David Sokol, Associate Editor
Ohio retailer Too, Inc. has reported earnings per diluted share (EPS) of $.16 for the second quarter 2002, which exceeds its previously expected range...
Personnel changes reflectgrowth push at Mills
Aug 13, 2002, — staff & wire reports
Arlington, Va.-based Mills Corp. recently announced funds from operations for second quarter 2002 were up 3.9% to $0.72, but the REIT’s most interesting...
You've got Target
Aug 12, 2002, by David Sokol, Associate Editor
Minneapolis-based Target Corporation pushed the envelope by peddling hip designer products to the masses. Launching a new website, however, seems so passé...
Gap's Trap
Aug 9, 2002, — by David Sokol, Associate Editor
San Francisco-based Gap Inc. has done it again: another month in which same-store sales declined. The company reported that its July sales dropped 8%,...
Bright College Years, with Purchases Rife
Aug 6, 2002, — David Sokol, Associate Editor
A new study suggests that the young adult market has more niches than product marketers give it credit for, and one of those niches is covered in ivy....
Future of the Department Store
Aug 6, 2002, by Ben Johnson, Editor-in-Chief
When JCPenney left the Florence Mall in Florence, S.C., in 1992, mall owner Edens & Avant didn't scramble to find another department store to fill the...
The Future of the Department Store
Aug 1, 2002, By Ben Johnson, Editor-in-Chief
When JCPenney left the Florence Mall in Florence, S.C., in 1992, mall owner Edens & Avant didn't scramble to find another department store to fill the...
Chico's and the Man
Aug 1, 2002, Janet Groeber
Even the most successful retail formulas have their limits. That's why two thriving chains Talbots and Chico's are spinning off new store concepts this...
Street turmoil spares retail
Aug 1, 2002, Janet Groeber
How are the accounting woes of WorldCom and Enron, and the wild market fluctuations they've caused, treating retail stocks? So far, market uncertainty...
Snuffing Out Sephora
Aug 1, 2002, — David Sokol, Associate Editor
French cosmetics and fragrance retailer Sephora is going AWOL from its Rockefeller Center store. On August 31, its lease on the three-level, 21,000-sq.-ft....
2Q a blockbuster for Tuesday Morning
Jul 30, 2002, — staff & wire reports
Dallas-based closeout retailer Tuesday Morning reported a whopping 85% increase in second-quarter earnings and a 112% increase in first-half earnings...
Kmart woes aside,Kimco reports a solidsecond quarter
Jul 30, 2002, — staff & wire reports
Despite significant exposure to bankrupt Kmart’s leases, Kimco Realty Corp. recently announced second-quarter net income rose 2.9% to $61.1 million from...
Sears beats estimatesdespite slow sales
Jul 19, 2002, — staff & wire reports
Though sales are still straggling at Sears, the company managed to beat earnings estimates for second quarter 2002. The Hoffman Estates, Ill.-based retailer’s...
June sales a positive signfor retail REITs
Jul 17, 2002, — staff & wire reports
Same-store sales took a decided upturn in June, a phenomenon Wall Street analysts say will prove beneficial to retail REITs. Median same-store sales for...
June sales a positive signfor retail REITs
Jul 17, 2002, — staff & wire reports
Same-store sales took a decided upturn in June, a phenomenon Wall Street analysts say will prove beneficial to retail REITs. Median same-store sales for...
Home Depot announces$2 billion stock buyback program
Jul 16, 2002, — staff & wire reports
Management at Atlanta-based Home Depot is confident that the company’s stock, which has declined 43% year-to-date, is undervalued. In response to the...
Hot June weather equals hot June salesfor mass merchants
Jul 11, 2002, — staff & wire reports
Hoisted by a hot summer climate, retail earnings for mass merchandisers are recovering from the recent recession with rising margins and estimates. Retailers...
Chico’s 2Q sales up 42%
Jul 10, 2002, —staff & wire reports
A "secret sale" event helped Chico’s FAS post impressive numbers for second quarter 2002. The Fort Myers, Fla.-based specialty apparel chain reported...
Earnings are up atTuesday Morningin spite of flat comps
Jul 9, 2002, — staff & wire reports
Tuesday Morning Corp. CEO Kathleen Mason did what analysts said she couldn’t do — drive earnings in second quarter 2002 on flat comp-store sales. The...
Wal-Mart turns 40
Jul 2, 2002, —staff & wire reports
Wal-Mart is celebrating its 40th birthday at the store where it all began. On July 2, 1962, the first Wal-Mart opened its doors in Rogers, Ark., at the...
Luxe lingers
Jul 2, 2002, by Ben Johnson, Editor-in-chief
Luxury goods purveyors are clinging to hopes of a 2nd-half rebound in fortunes. When the refurbished Yves Saint Laurent Rive Gauche flagship opened on...
luxe lingers
Jul 1, 2002, By Ben Johnson, Editor-in-Chief
When the refurbished Yves Saint Laurent Rive Gauche flagship opened on Fifth Avenue in New York last year, it brought together for the first time under...
