A.J. Wright is closing 71 of its stores, according to the parent company, TJX Cos. Inc., including one on Central Avenue in Albany, N.Y. The Framingham, Mass.-based discount clothing and home accessories retail chain (NYSE: TJX) did not disclose what would happen to the remaining two A.J. Wright stores in the Albany, N.Y., area. A […]
Participants at the ICSC New York Conference this week were waxing optimistic for the retail real estate industry going forward. Indeed, research consultant Dana Telsey told conferees that the phrase she heard most often at third-quarter earnings meetings with the executives of nearly two dozen retail chains was, “It feels better.” Telsey, who heads Telsey […]
BY JOAN VERDON The Record STAFF WRITER North Jersey is a prime target for retail expansion, as companies recover from the retail recession of the past two years and new businesses take advantage of vacant spaces, said real estate professionals attending the International Council of Shopping Centers deal-making conference in New York on Monday. The […]
Industry veteran to secure agreements with multi-unit franchise partners, developers COPPELL, Texas, Dec. 7, 2010 /PRNewswire/ — CiCi’s Pizza, home of the $4.99 endless pizza, pasta, salad and dessert buffet, announces today the addition of Deb Chappell as Director of Real Estate Services and Support. A 25-year veteran, Chappell led expansion efforts for big names […]
By Murray Shor At first glance, the fact that internet sales are booming should have a crushing impact on future dealmaking, already staggered by record-setting vacancies and lackluster leasing and development. This is despite the fact that many soothsayers are seeing signs on the horizon of improvement across-the-board– and they expect positive holidays sales due […]
Unified Foodservice Purchasing Co-op LLC, the exclusive purchasing agent for Yum! Brands Inc., has signed a distribution deal that makes Temple, Texas-based McLane Foodservice Inc. the exclusive provider of products to Yum’s A&W, KFC, Long John Silver’s, Pizza Hut and Taco Bell restaurants. Terms of the agreement were not disclosed. Louisville-based Yum (NYSE: YUM) is […]
Related News Restaurant giant Yum! Brands Inc. reaffirmed its 2010 profit forecast Friday and said its expects 2011 earnings per share to grow by at least 10 percent more. In a news release issued in advance of its annual investor update meeting, the company stood by its target of 14 percent EPS growth in 2010, […]
Starbucks Corp. isn’t saying whether Peet’s Coffee & Tea is a potential acquisition target, but there’s no doubt the Seattle-based coffee giant is interested in “buying large and small companies” to grow its consumer products business. As Reuters reported, CEO Howard Schultz said exactly that at an investor conference Wednesday in New York. And there’s […]
QUESTIONS 1. Professionally, where were you ten years ago and where are you now? Now I am even more informed about dealing with town centers and the public sector. Times are far more complicated, and we have much more experience. We have greater understanding of the needs and demands of retailers, customers, landlords and developers. […]
We are not going to shop our way out of this mess. It’s a cheerless truth about the post-Thanksgiving start of the Christmas season, traditionally the bell lap in America’s year-long steeplechase of buying. There has been a rebound in consumption since the grimmest days of the Great Recession, but that has not been joined […]
