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 […]
The tides may have turned since the depths of the Great Recession, but shopping hasn’t rebounded back entirely, according to a year-over-year spending analysis released Wednesday by Intuit Inc. Mountain View-based Intuit’s (NASDAQ:INTU) online personal finance service, Mint.com, examined the same group of retailers it did last year to see how American spending is changing. […]
The Board of Aldermen—and city residents—have more than a turkey dinner to digest this week. On Monday, Mayor Curtatone told the Board that development at Assembly Square could halt if the Board does not vote by Dec. 2 to issue a $25 million bond and establish a DIF (District Improvement Financing plan) to help fund […]
Just five years ago, YoCream International Inc. was a $20 million company that was too reliant upon one customer. Nearly 75 percent of the Portland-based frozen dessert company’s sales came from selling softserve to Costco stores. “We knew that if we didn’t grow it, we would lose them,” said Terry Lusetti, YoCream’s director of investor […]
Warwick, RI Linear Retail Properties and mayor Scott Avedisian said that Eastern Mountain Sports, one of the nation’s largest outdoor retailers, will open a new store at 1000 Bald Hill Rd. / Rte. 2 in the spring of 2011. After 8 years at Garden City Shopping Center in Cranston, Eastern Mountain Sports has elected to […]
