Retailers Not Shopping for New Hires Quentin Fottrell / SmartMoney Store sales are up. The job market is improving. Oddly, analysts say, retailers aren’t hiring. Store sales appear encouraging partly due to a warm winter and Easter falling two weeks earlier than last year, the Wall Street Journal reports. The Gap and Target showed improvements, […]

REACTION: Best Buy’s Ordeal is a Harbinger of Store Footprints to Come Liz Burlingame / REBusinessOnline RICHFIELD, MINN. — Best Buy announced Thursday that it plans to close 50 of its big-box stores in the U.S. by 2013 to shore up its balance sheet. The electronics retailer has suffered from eroding sales as a growing […]

Best Buy May Seek Apple’s Magic Quentin Fottrell / SmartMoney Best Buy plans to close some stores – and shrink others – as consumers in search of the cheapest electronics increasingly go online. The answer for the big-box retailer, analysts say, may be to emulate Apple and improve the physical shopping experience. Best Buy said […]

Retailers, restaurants downsize for lower costs Quad-Cities Online KANSAS CITY, Mo. — To Neng Yang, the Best Buy store in Independence, Mo., is just too overwhelming – so much so that she only shops there once a year, at the holidays. So when she needed a new cellphone, she bypassed the 55,000-square-foot store with its […]

Hoffman Co. Closes Faria Preserve Property Sale Natalie Dolce / GlobeSt.com SALES SAN RAMON, CA-The Hoffman Co. has closed the sale of the Faria Preserve property to Lafferty Communities, a private, family-owned developer, in one of the largest land transactions in the East Bay area in several years. Faria Preserve is a roughly 440-acre property […]

Outlet mall expected to spur Glendale tax revenue, add jobs Tanger mall also expected to spur tax revenue, add jobs Leslie Wright / The Arizona Republic West Valley shoppers can anticipate strolling through J. Crew, Banana Republic and Gap outlet shops when Tanger Factory Outlet Centers Inc. opens a new mall at Glendale’s Westgate City […]