Scott Baltic/Commercial Property Executive—When it raised the possibility of creating a REIT, assuming its proposed $2.9 billion merger with Saks Inc. goes through, Hudson’s Bay Co. also raised the question of whether the acquisition is more about the retailing or more about the real estate. In HBC’s investors conference call on Monday, chairman and CEO […]
Archives for July 2013
What The Increase In Outlet Malls Means For The Valley Retail Scene
Mark Brodie/KJZZ 91.5—Valley residents now have three times more choices, if they are in the mood for some outlet shopping. We now have three outlet malls close by, two of which have opened in the last 12 months, and that raises some questions. Looking at the reasons behind the increase, and what it means for […]
Back-to-School Special
As parents and students begin preparing for the upcoming school year in the coming weeks, retailers have already begun rolling out their back-to-school shopping strategies and promotions. This year, several specialty retailers like Apple, Pottery Barn Kids and Bed, Bath & Beyond have dug in a little harder with back-to-school promotions, with Bed, Bath & […]
Shoppers and retailers prepare for sales tax holiday
Justine Griffin/Sarasota Herald-Tribune—As a single mother with an 11-year-old daughter entering middle school this year, Ryann Jay started shopping for clothes and back-to-school supplies early. Jay, whose daughter will start as a sixth-grader at Booker Middle School next month, has been browsing thrift store aisles and Walmart’s back-to-school sections for more than a week. She […]
Retailers pitching for back to school, but parents may not bite
Kelli B. Grant/CNBC—Back-to-school spending is expected to be substantially lower this year, which has retailers expanding their themed sales beyond expected school staples to unexpected items like mattresses and fine jewelry. Sales for back to school are expected to tally $72.5 billion, down from $83.8 billion in 2012, according to the National Retail Federation. Families […]
Best Buy bets big on store-within-store concepts
Thomas Lee/Minneapolis Star-Tribune—The sign outside the big box in Richfield says Best Buy, but the inside of the building looks more like a mall than a single store. The usual Blue Shirts and Geek Squad agents scurry across the sales floor, but Samsung, Microsoft, Pacific Kitchen and Magnolia occupy their own domains within Best Buy. […]
