Federated appoints Jim Amann to new executive role
Jun 1, 2001, Misty M. Reagin
Cincinnati – Locally based Federated Department Stores Inc. recently appointed James Amann as executive vice president of strategic initiatives.In his...
The Crate and Barrel Story
Jun 1, 2001, Matt Valley
LAS VEGAS Homogenization is what ails the shopping center industry today, according to Gordon Segal, founder and CEO of Crate and Barrel, who shared his...
Asking rents for retail space on North Michigan Avenue soar
May 31, 2001, Misty M. Reagin
Chicago – According to an annual retail survey of Chicago’s “Magnificent Mile” by locally based Northern Realty Group Ltd., asking rents for retail space...
Kmart voices energy concerns
May 30, 2001, Misty M. Reagin
Washington, D.C. – Johnny Duke, national director of facilities/energy for Troy, Mich.-based Kmart Corp., recently testified before the House Energy and...
Gap picks Retek to transform supply chain
May 21, 2001, SCW Online
MINNEAPOLIS Gap Inc. has hired Retek to help decrease supply chain costs and increase customer service across its Gap, Banana Republic and Old Navy brands....
Gap picks Retek to transform supply chain
May 21, 2001, SCW Online
MINNEAPOLIS -- Gap Inc. has hired Retek to help decrease supply chain costs and increase customer service across its Gap, Banana Republic and Old Navy...
ICSC Spring Convention opens in Las Vegas
May 21, 2001, Misty Reagin
LAS VEGAS -- The 2001 ICSC Spring Convention opened today with organizers predicting strong attendance for the shopping center industry's biggest annual...
NCR and Marubeni form joint venture
May 18, 2001, Misty M. Reagin
Dayton, Ohio – Locally based NCR Corp. and Japanese technology firm Marubeni Corp. have formed a joint venture, Marubeni Network Systems Corp. (MNSC)....
Kmart chairman briefs shareholders on 2001 strategic focus
May 17, 2001, Misty M. Reagin
Troy, Mich. – Chuck Conaway, chairman and CEO of locally based Kmart Corp., recently told shareholders at the company's annual meeting about Kmart's progress...
Retail environment placing downward rating pressure on U.S. retailers
May 14, 2001, Misty M. Reagin
New York – According to locally based Moody's Investors Service, the current economic slowdown is exposing weaknesses in some U.S. retailers' strategy...
Kmart’s chief marketing officer resigns
May 10, 2001, Misty M. Reagin
Troy, Mich. – Brent Willis has resigned as chief marketing officer of locally based Kmart Corp., effective May 7, 2001. Willis was instrumental in the...
Home Depot to acquire Mexican chain
May 9, 2001, Misty Reagin
Atlanta – Locally based The Home Depot is spending an undisclosed sum in cash to purchase Total HOME, a four-store chain in Mexico.Total HOME operates...
Kmart names new vice president of communications
May 3, 2001, Misty Reagin
Troy, Mich. – Locally based Kmart Corp. appointed Lori McTavish to vice president of communications. McTavish will be responsible for internal and external...
Customer service issues account for supermarket shopper dissatisfaction
May 2, 2001, Misty Milioto
Rochester, N.Y. – A recent ShopperInsight study, conducted by locally based Harris Interactive, revealed that lack of checkout staff is the most important...
Jo-Ann Stores announces new $365 million credit facilities
May 2, 2001, Misty Milioto
Hudson, Ohio – Locally based Jo-Ann Stores Inc. entered into new four-year $365 million senior secured credit facilities, financed by Boston-based Fleet...
FRANCHISING: The franchise advantage
May 1, 2001, Michael Fickes
Shopping centers attract three categories of tenants: national retailers, small independent operators (often referred to as mom-and-pops) and franchises....
HOT TOPIC: Opportunity knocks
May 1, 2001, Cristina Gair
In an opportunistic move, Kimco Realty Corp. secured the winning bid in an auction for the asset designation rights for 315 Montgomery Ward locations....
HOT TOPIC: The young ones
May 1, 2001, Patti Connor
In an industry dominated by the old guard, a new generation of executives under 40 is making its mark. Whatever else might be said, one thing's for certain:...
RETAIL REPORT
May 1, 2001
Sales figures of major retailers For March 2001 Company Name Month 01 Full $ Month 00 Full $ Month 01 Full % Month 01 Comp% Month 00 Comp % Specialty...
Kmart revives BlueLight Specials
Apr 13, 2001, Misty Milioto
Troy, Mich. – Locally based Kmart is resurrecting its signature BlueLight Special discounts, effective immediately. The Specials will occur on the hour...
Chicago-area shopping center vacancy rate increases
Apr 6, 2001, Misty Milioto
Chicago – According to a survey conducted by Los Angeles-based CB Richard Ellis Inc., the vacancy rate for Chicago-area shopping centers increased nearly...
Moody’s lowers J.C. Penney ratings
Apr 6, 2001, Misty Milioto
New York – Moody’s Investors Service lowered the long- and short-term ratings of Plano, Texas-based J. C. Penney Co. Inc. The lowered ratings were based...
Retail vacancy rate held constant in central N.J.
Apr 4, 2001, Misty Milioto
Old Bridge, N.J. – Locally based R.J. Brunelli & Co. recently conducted its 11th annual survey of the central New Jersey area. According to the survey,...
Bad customer service drives shoppers away from stores
Apr 3, 2001, Misty Milioto
Ridgewood, N.J. – According to a national telephone survey of more than 1,000 consumers, locally based MOHR Learning found that more than 20 percent of...
Finard & Co. reports a declined vacancy rate in greater Hartford, Conn.
Apr 2, 2001, Misty Milioto
Burlington, Mass. – Locally based Finard & Co. LLC released its fourth annual report on the state of retail real estate in the greater Hartford area....
