Despite Federal Reserve chairman Ben Bernanke’s expectations of only moderate economic growth this year, Americans are less worried about losing their jobs and more willing to spend money. This change in attitude is reflected in the numbers. The Commerce Department reported that retail sales were up in December, the sixth month in a row, making […]
Press Release Source: Yum! Brands, Inc. On Tuesday January 18, 2011, 10:35 am EST LOUISVILLE, Ky.–(BUSINESS WIRE)– Yum! Brands, Inc. (NYSE:YUM – News) today announced its plans to place its Long John Silver’s and A&W All-American Food Restaurants for sale, and has begun a process to identify a buyer. The Company is sharpening its long-term […]
More than 7 million sq. ft. of retail projects slated for completion in 2010 were delayed or cancelled. This pullback in construction led to only 4.1 million sq. ft. of retail space coming on line, the lowest figure for annual deliveries in the 30-year history of Reis. The recovery prospects for the retail sector will […]
Timberland Co., a New Hampshire company specializing in boots, footwear, and rugged apparel, said it plans to open a new store on Boston’s Newbury Street that will showcase its brand. Construction for the new store on the corner of Newbury and Exeter streets has begun, and the plan is for the store to open in […]
The second building — at 6,760 square feet — would potentially be the new police station. Rainville said the plan for the police station hasn’t been set in stone, but rather is proposed as a professional building. “It’s actually going to be office space,” he said. “It’s not directly for a police station. The town […]
Recovery was the rallying cry for the retail industry in 2010. After two years of very weak sales as consumers reined in spending during the Great Recession, retail purchases rose for the fifth straight month in November. “It was the return of the retail industry,” said Michael Niemira, chief economist for the International Council of […]
Macy’s is closing its Chestnut Hill store as part of what the company calls an annual review process that selectively prunes underperforming locations. The store, which opened in a former Bloomingdale’s location at the Chestnut Hill Shopping Center in 2007, will start a final clearance sale on Sunday that will run for about 10 weeks. […]
Retailers in New York gave the holiday shopping season an “A” grade as consumers came out in force, breaking a two-year-long streak of weak sales during the recession, according to a new survey. Eighty-four percent of retailers polled by the Retail Council of New York State said sales the week before Christmas were better than […]
At least one official booster of the Fort Point Channel neighborhood near downtown Boston says times there are good. Friends of the Fort Point Channel says in a report this week that new restaurants and retail establishments along the channel, including on the South Boston Waterfront, have “thrived.” One restaurateur, Papagayo owner Brad Delbeck, says […]
LOUISVILLE, Ky. (AP) — Pizza company Papa John’s International Inc. on Tuesday said it expects net income of $2 to $2.12 per share in 2011. Analysts surveyed by Thomson Reuters, on average, expect net income of $2.03 per share. The guidance is a 16 percent increase from the $1.74 to $1.80 per share that it […]
