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Mall Vacancies Are Highest in 7 Years After Big-Box Closings
News 6 months ago
Mall Vacancies Are Highest in 7 Years After Big-Box Closings

Rising shopping mall vacancies across the U.S. are driving down rents, signaling that many retail centers continue to struggle despite the country...

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Walgreens Boots to Pay $34.5 Million Penalty in SEC Settlement
News 6 months ago
Walgreens Boots to Pay $34.5 Million Penalty in SEC Settlement

The drug store chain says the settlement doesn’t involve any current officers or executives....

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WPP Considers Merger of Young & Rubicam and Digital Ad Firm VML
News 7 months ago
WPP Considers Merger of Young & Rubicam and Digital Ad Firm VML

WPP’s Chief Executive Mark Read is preparing to consolidate some of the advertising giant’s major properties, as traditional agencies struggle to...

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U.S. Existing-Home Sales Steadied in August
News 7 months ago
U.S. Existing-Home Sales Steadied in August

Sales of previously owned U.S. homes held steady in August after a stretch of weakness in the housing market....

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U.S. Housing Starts Rose in August
News 7 months ago
U.S. Housing Starts Rose in August

U.S. housing starts grew modestly last month, driven by an outsize jump in apartment building that masked weakness in the pipeline for single- and...

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Holidays Gifts May Escape Tariffs, but Retailers Won't
News 7 months ago
Holidays Gifts May Escape Tariffs, but Retailers Won't

The newly announced U.S. tariffs on Chinese consumer goods won’t hit most items that will be in stores for the 2018 holidays, but retailers are...

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Another Web Brand Wants to Be Sold in Stores
News 7 months ago
Another Web Brand Wants to Be Sold in Stores

Native Deodorant, an online-only brand, will go on sale in Target starting Monday, as internet startups turn to bricks-and-mortar retailers to...

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After 25,000 Stores in 78 Countries, Starbucks Turns to Italy
News 7 months ago
After 25,000 Stores in 78 Countries, Starbucks Turns to Italy

Starbucks will open its first outlet in Italy on Friday, finally daring to sell its American take on coffee in the home of espresso. The chain will...

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Retailers Looking to Test Run Stores See Opportunity in Short-Term Leases
News 7 months ago
Retailers Looking to Test Run Stores See Opportunity in Short-Term Leases

The number of short-term leases signed in Manhattan has grown dramatically since 2016 and is showing little signs of abating as retailers flex...

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Tiffany's $250 Million Bet on a 78-Year-Old Store
News 7 months ago
Tiffany's $250 Million Bet on a 78-Year-Old Store

In an internet age, why are companies pouring so much money into brick-and-mortar shops? Because the customers are still coming....

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FAO Schwarz Is Returning to New York
News 7 months ago
FAO Schwarz Is Returning to New York

A dominant presence in Midtown Manhattan for decades before its closure in 2015, the toy store is coming to life again with a new, 20,000-square...

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How 'Intangible Capital' Explains Rising Corporate Concentration, Weak Investment
News 8 months ago
How 'Intangible Capital' Explains Rising Corporate Concentration, Weak Investment

The rise of “intangible capital” such as software, patents, intellectual property and innovative business processes explains much of the weakness...

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Existing Home Sales Fall
News 8 months ago
Existing Home Sales Fall

Sales of previously owned homes in the U.S. declined for a fourth straight month in July, as rising prices and limited inventory of affordable...

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Luxury Apartment Sales Plummet in New York City
News 8 months ago
Luxury Apartment Sales Plummet in New York City

Sales of the most expensive New York apartments fell sharply in the first half of the year, pushing sellers to cut asking prices....

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China's Anbang Looks to Sell U.S. Luxury Hotels
News 8 months ago
China's Anbang Looks to Sell U.S. Luxury Hotels

The insurer paid $5.5 billion in 2016 to acquire the portfolio that includes properties in Manhattan, Chicago and Miami, but it’s now looking to...

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U.S. Housing Starts Bounced Back in July
News 8 months ago
U.S. Housing Starts Bounced Back in July

U.S. housing starts rebounded in July, with single-family construction and apartment building picking up from a sharp drop in June....

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Good Isn't Good Enough at Macy's
News 8 months ago
Good Isn't Good Enough at Macy's

The department store has solid earnings and raises guidance, but that isn’t enough for investors after a big stock run....

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Arconic Shops Unit That Made Panels in Grenfell Fire
News 8 months ago
Arconic Shops Unit That Made Panels in Grenfell Fire

Arconic Inc. said it is looking to sell the unit that made the building panels involved in last year’s deadly Grenfell Tower fire in London....

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Out of Stock Online? Zara Will Ship From Stores Instead
News 8 months ago
Out of Stock Online? Zara Will Ship From Stores Instead

Fast-fashion giant Zara is equipping its stores to also ship online purchases, betting that the move will boost sales of full-priced items that can...

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Record Drop in Foreigners Buying U.S. Homes
News 9 months ago
Record Drop in Foreigners Buying U.S. Homes

Foreign purchases of U.S. homes fell a record 21%, posing a fresh challenge to the slumping housing market, which has shown few signs of turning...

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U.S. New-Home Sales Dropped in June
News 9 months ago
U.S. New-Home Sales Dropped in June

U.S. new-home sales fell in June, while inventories built up and home prices dropped, potentially signs of weakness in the housing market....

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Three Internet Bosses Lead List of Top-Paid Retail CEOs
News 9 months ago
Three Internet Bosses Lead List of Top-Paid Retail CEOs

The highest-paid chief executive in the retail industry didn’t run the biggest store chain, or the fastest-growing one, or a company most would...

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IKEA Lets Some Take DIY Off the Table
News 9 months ago
IKEA Lets Some Take DIY Off the Table

The Swedish retailer plans to open its first store in India next month—and has learned that many shoppers there would be unlikely to buy furniture...

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Mickey Mouse, Meet Homer and the 'Avatar' Crew
News 9 months ago
Mickey Mouse, Meet Homer and the 'Avatar' Crew

With its deal to acquire entertainment assets from 21st Century Fox, Disney is close to snaring popular properties including ‘The Simpsons’ and ...

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U.S. Housing Starts Dropped Sharply in June
News 9 months ago
U.S. Housing Starts Dropped Sharply in June

U.S. housing starts fell starkly in June after making solid gains the prior month, as single-family home construction and apartment building...

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Gap Sues Westfield Over Mall Expenses as Tensions Rise in Retail World
News 9 months ago
Gap Sues Westfield Over Mall Expenses as Tensions Rise in Retail World

The fashion retailer is suing the high-end mall operator for allegedly overcharging maintenance fees in an action that underscores the sometimes...

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U.S. Warehouse Supply At Its Tightest in Two Decades
News 9 months ago
U.S. Warehouse Supply At Its Tightest in Two Decades

As consumers increasingly do their shopping online, the availability of warehouse space to store those goods and fulfill orders is declining across...

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Disney Pays $650 Million to Develop New Campus in Lower Manhattan
News 9 months ago
Disney Pays $650 Million to Develop New Campus in Lower Manhattan

The Walt Disney Co. is selling its Upper West Side Manhattan campus and developing new offices downtown for its New York operations, the company...

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Oaktree Expected to Make Bid for Claire's
News 9 months ago
Oaktree Expected to Make Bid for Claire's

Claire’s Stores is expected to receive a bid in bankruptcy court from Oaktree Capital Management, a junior bondholder in the accessories chain....

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Supermarkets Deploy Sausage Stations, Dad Jokes to Lure Male Shoppers
News 9 months ago
Supermarkets Deploy Sausage Stations, Dad Jokes to Lure Male Shoppers

As more men do the household food shopping, grocery stores roll out guy-friendly amenities and rewards like beer dens, butchery classes, gasoline...

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