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Brazil mall executives shrug off looming Amazon.com expansion
News 3 days ago
Brazil mall executives shrug off looming Amazon.com expansion

Fears of e-commerce taking off in Brazil have sunk shares of the country's big mall operators this year, but industry executives expressed...

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Encouraged by online sales, Nordstrom raises full-year profit forecast
News 3 days ago
Encouraged by online sales, Nordstrom raises full-year profit forecast

Upscale department store Nordstrom Inc saw its shares soar as much as 14 percent in after-hours trading on Thursday, after reporting better-than...

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J.C. Penney same-store sales miss estimates, shares tumble
News 4 days ago
J.C. Penney same-store sales miss estimates, shares tumble

J.C. Penney Co Inc on Thursday reported sales at established stores below analysts' estimates as the department store chain discounted heavily to...

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Wells Fargo faces probes over low-income housing tax credits: filing
News 2 weeks ago
Wells Fargo faces probes over low-income housing tax credits: filing

Multiple U.S. agencies are probing Wells Fargo & Co's use of low-income housing tax credits, the bank said in a regulatory filing on Friday....

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Buffett's Berkshire offers loan to owner of former Sears properties
News 2 weeks ago
Buffett's Berkshire offers loan to owner of former Sears properties

Billionaire Warren Buffett's Berkshire Hathaway Inc is loaning up to $2 billion to the company that owns some of what used to be some of Sears...

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Carlyle Group signs lease at One Vanderbilt in New York
News 2 weeks ago
Carlyle Group signs lease at One Vanderbilt in New York

SL Green Realty Corp, a major New York landlord, said on Tuesday that The Carlyle Group LP signed a 15-year lease for three floors at One...

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U.S. home sales sag as prices race to record high
News 4 weeks ago
U.S. home sales sag as prices race to record high

U.S. home sales unexpectedly fell in June, posting their third straight monthly decline as a persistent shortage of properties on the market drove...

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U.S. home sales fall as prices hit record high
News 4 weeks ago
U.S. home sales fall as prices hit record high

U.S. home sales unexpectedly fell in June, posting their third straight monthly decline as a persistent shortage of properties on the market drove...

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All Britain's Poundworld stores to close: administrator
News 1 month ago
All Britain's Poundworld stores to close: administrator

All British discount retailer Poundworld's stores will close by the middle of next month with the loss of thousands of jobs, the company's...

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Norway wealth fund buys logistics real estate in California
News 1 month ago
Norway wealth fund buys logistics real estate in California

Norway's sovereign wealth fund, the world's largest, has bought a logistics property in the U.S. state of California with its property partner...

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U.S. housing starts hit nine-month low; permits drop
News 1 month ago
U.S. housing starts hit nine-month low; permits drop

U.S. homebuilding fell to a nine-month low in June and permits for future construction declined for a third straight month, dealing a blow to the...

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U.S. housing starts hit nine-month low; permits fall
News 1 month ago
U.S. housing starts hit nine-month low; permits fall

U.S. homebuilding fell to a nine-month low in June and permits declined for a third straight month, dealing a blow to the housing market as it...

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U.S. housing starts drop to a nine-month low
News 1 month ago
U.S. housing starts drop to a nine-month low

U.S. homebuilding fell to a nine-month low in June and permits declined for a third straight month, dealing a blow to the housing market as it...

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Exclusive: Canada housing agency pushes for better income checks to catch fraud
News 1 month ago
Exclusive: Canada housing agency pushes for better income checks to catch fraud

Canada's housing agency has asked the country's tax authority to take a "more direct and formal role" verifying income claimed on mortgage...

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Moonwalking: South Korea's wage, hours policies backfire for jobless, low income workers
News 1 month ago
Moonwalking: South Korea's wage, hours policies backfire for jobless, low income workers

President Moon Jae-in wants South Koreans to work less and earn more – and to achieve that his government has hiked the minimum wage and slashed...

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Britain's M&S to cut 351 store jobs
News 1 month ago
Britain's M&S to cut 351 store jobs

British retailer Marks & Spencer said on Monday it would cut 351 jobs at stores across the country, seeking to make savings in a brutally...

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Chipotle CEO plans marketing blitz, closing up to 65 stores
News 1 month ago
Chipotle CEO plans marketing blitz, closing up to 65 stores

(Reuters)- Chipotle Mexican Grill Inc said on Wednesday the chain will shut up to 65 underperforming restaurants and revamp its marketing under...

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Rebound in South powers U.S. new home sales, dampens prices
News 1 month ago
Rebound in South powers U.S. new home sales, dampens prices

WASHINGTON (Reuters)- Sales of new U.S. single-family homes increased more than expected in May as transactions in the South surged to near an 11...

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Casino and L'Oreal team up to launch new beauty stores
News 1 month ago
Casino and L'Oreal team up to launch new beauty stores

PARIS (Reuters)- French supermarket chain Casino and cosmetics group L'Oreal are launching new beauty stores in Paris this weekend, the latest...

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Activist investor Land & Buildings resumes criticism of Hudson's Bay
News 2 months ago
Activist investor Land & Buildings resumes criticism of Hudson's Bay

TORONTO (Reuters)- Activist investor Land & Buildings on Thursday resumed its criticism of department store owner Hudson's Bay Co, urging it to...

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Exclusive: Microsoft takes aim at Amazon with push for checkout-free retail
News 2 months ago
Exclusive: Microsoft takes aim at Amazon with push for checkout-free retail

SAN FRANCISCO (Reuters)- Microsoft Corp is working on technology that would eliminate cashiers and checkout lines from stores, in a nascent...

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Property agents abandon China's resort island as sales plunge on cooling measures
News 2 months ago
Property agents abandon China's resort island as sales plunge on cooling measures

HONG KONG (Reuters)- Tough measures to cool the property market in China's resort island of Hainan have put the brakes on a real estate boom and...

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Blackstone in agreement to acquire Australia's Investa Office Fund for $2.3 billion
News 2 months ago
Blackstone in agreement to acquire Australia's Investa Office Fund for $2.3 billion

(Reuters)- Australia's Investa Office Fund (IOF) and Blackstone Group on Wednesday entered into a scheme implementation agreement through which the...

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JPMorgan sued over Mexican property transfer
News 2 months ago
JPMorgan sued over Mexican property transfer

NEW YORK (Reuters)- A Mexican real estate developer has filed a $1.2 billion lawsuit accusing JPMorgan Chase & Co of fraudulently inducing it to...

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With assembly team and samosas, IKEA lays ground for India debut
News 2 months ago
With assembly team and samosas, IKEA lays ground for India debut

MUMBAI/STOCKHOLM (Reuters)- IKEA is set to open its first store in India next month, and the world's biggest furniture retailer is localizing its...

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UK's House of Fraser to close 31 stores, 6,000 jobs at stake
News 2 months ago
UK's House of Fraser to close 31 stores, 6,000 jobs at stake

LONDON (Reuters)- British department store group House of Fraser said on Thursday it has proposed closing 31 stores in a move likely to result in 6...

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U.S. dollar-store shares marked down but specialty discounters thrive
News 2 months ago
U.S. dollar-store shares marked down but specialty discounters thrive

NEW YORK (Reuters)- The shares of so-called dollar stores have suffered as U.S. shoppers have started spending more at bargain retailers with...

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Property investors in Austria give Starwood the cold shoulder
News 2 months ago
Property investors in Austria give Starwood the cold shoulder

VIENNA (Reuters)- U.S. investment firm Starwood Capital failed on Wednesday in its attempt to take major stakes in Austrian property groups CA Immo...

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U.S. house prices to rise at twice the speed of inflation and pay: Reuters poll
News 2 months ago
U.S. house prices to rise at twice the speed of inflation and pay: Reuters poll

(Reuters)- An acute shortage of affordable homes in the United States will continue over the coming year, according to a majority of property...

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Blackstone bets big on Australian offices with $2.3 billion Investa bid
News 2 months ago
Blackstone bets big on Australian offices with $2.3 billion Investa bid

SYDNEY (Reuters)- U.S. private equity giant Blackstone Group is seeking to deepen its exposure to Australian commercial property with a A$3.08...

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