Bed, Bath & Beyond to buy Cost Plus Eve Mitchell / Contra Costa Times Oakland-based Cost Plus, a retail chain that got its start more than 50 years ago selling rattan furniture and baskets from a San Francisco pier, on Wednesday was acquired by Bed Bath & Beyond for about $500 million in cash. All […]
Archives for May 2012
Clash of the Titans: Regional Mall REITs Fight for Limited Outlet Development Opportunities
Clash of the Titans: Regional Mall REITs Fight for Limited Outlet Development Opportunities Elaine Misonzhnik / National Real Estate Investor In the fall of 2010 executives with Taubman Centers Inc., a Bloomfield Hills, Mich.-based regional mall REIT, began talking about the REIT’s new avenue for growth: outlet centers. Taubman had recently completed the conversion of […]
How to Make Money Off Your Friends
How to Make Money Off Your Friends Deal of the Day: Companies will offer big savings to customers willing to be pitchmen on Facebook and Twitter Kelli B. Grant / SmartMoney Customers seeking the best deals may have to pester their friends. Some of the latest coupons from retailers and other businesses can only be […]
Where’s the loyalty?
Consumers seem to be cross-shopping more than ever before, instead of displaying loyalty to one or two retailers. I take a look at this trend and possible causes in this week’s edition of Retail Rap, my twice monthly column in Chain Store Age. Two decades ago, shoppers were relatively loyal to one or two high-end […]
Ascena Retail Group to Acquire Charming Shoppes for $890M
Ascena Retail Group to Acquire Charming Shoppes for $890M Scott Baltic / Commercial Property Executive In what can only be described as a plus-size deal, Ascena Retail Group Inc. and Charming Shoppes Inc. have entered into a definitive agreement under which Ascena will acquire Charming Shoppes, the companies jointly announced Wednesday. The cash transaction, described […]
Pampering Makes a Comeback
Pampering Makes a Comeback Quentin Fottrell / SmartMoney If American consumers seem to be carrying less stress in their shoulders, it could be because spending is growing faster at spas than stores. People are buying more stuff, retail sales data released Tuesday shows. Spending rose 4.2% on the year during last week, according to the […]