Scott Baltic / Commercial Property Executive – An investor group led by Cerberus Capital Management L.P., and which already owns the parent company of Albertsons and several other major grocery retailers, will buy Safeway Inc., of Pleasanton, Calif., for about $9.4 billion, Cerberus announced Thursday. The investor group, AB Acquisition L.L.C., which owns Albertson’s L.L.C. […]
Archives for 2014
Retail watcher predicting a rash of store closings
Joan Verdon / The Seattle Times – The experts who keep track of store openings and closings have been forecasting for more than a decade that the day was coming when American retailers would have to pay for building way too many stores. That day of reckoning, some say, has arrived, with one retail watcher […]
More stores likely to be shuttered
Joan Verdon / The Columbus Dispatch – The experts who keep track of store openings and closings have been forecasting for more than a decade that the day was coming when American retailers would have to pay for building far too many stores. That day of reckoning, some say, has arrived, with one retail watcher […]
How the least-loyal generation is shaping retail
Kelli B. Grant / CNBC – Companies marketing to millennials have found doing business with this generation is no easy feat. New survey data from Pew Research Center may offer some insight into why: These consumers are markedly different than previous generations. Millennials, whose ages range from 18 to 33 in 2014, are America’s most […]
“Tsunami” of store closings predicted for U.S. retailers
Joan Verdon MCT / Miami Herald – The experts who keep track of store openings and closings have been forecasting for more than a decade that the day was coming when American retailers would have to pay for building way too many stores. That day of reckoning, some say, has arrived, with one retail watcher […]
Nationwide wave of store closings grows
The experts who keep track of store openings and closings have been forecasting for more than a decade that the day was coming when American retailers would have to pay for building far too many stores.
That day of reckoning, some say, has arrived, with one retail watcher predicting a “tsunami” of store closings this year.
