Jeff Shaw/Western Real Estate Business – When Gene Munster, managing partner of Minneapolis-based venture capital firm Loup Ventures, predicted that e-commerce giant Amazon (NASDAQ: AMZN) would buy department store chain Target (NYSE: TGT) this year, he knew such a declaration would make waves. In a New Year’s Day post on the Loup Ventures website titled “8 […]
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As holiday shopping enters the homestretch, sales expected to finish strong
Paige Yowell/The Omaha World-Herald – Holiday shopping comes to a close this weekend, and retailers may finally have a reason to celebrate: Sales for the season are expected to be up heftily over last year. That’s after years of stagnant sales or nominal year-over-year sales growth. Experts say a few things are behind that increased […]
Make or break? Bon-Ton giving away $1 million in gift cards today
Jon Harris/The Morning Call – If all you want for Christmas is a Bon-Ton gift card, we hope you started your day at one of the retailer’s area stores Wednesday morning. That’s because, for the second consecutive year, The Bon-Ton Stores Inc. is giving away $1 million worth of gift cards just days before Christmas across its […]
Unibail-Rodamco to Acquire Westfield in $16B Deal
Gail Kalinoski/Commercial Property Executive – A plan by Unibail-Rodamco SE—Europe’s largest listed commercial property company—to buy Australia’s Westfield Corp. for nearly $16 billion will create a global leader in flagship shopping destinations, but it may also be the beginning of more consolidation in the coming year. “It made a lot of sense even though they paid […]
Why they’re going gaga over Wawa in Washington, D.C.
Laura Olsen/The Morning Call – For District of Columbia residents, it’s tough to satisfy a craving for a hoagie. But South Jersey native Travis Hughes does what he needs to do when he gets a Wawa fix. Hughes once used a car-sharing service for the sole purpose of renting a vehicle to drive to the nearest […]
Marijuana grow operation proposed for closed JC Penney store
Paula Gardner/MLive – Malls across the United States are seeking tenants to fill vacancies created as retailers close stores. Shoppers will find offices, service businesses and schools amid traditional apparel stores – and, in one Michigan mall, a medical marijuana dispensary. Now its owner wants to expand by establishing a marijuana growing operation in a closed […]
