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Port Washington, N.Y. – Christmas morning is on Sunday, and the majority of U.S. consumers are still plowing through their gift shopping. More
New York – Gracious Home’s top 20 unsecured creditors include some prominent luxury linens companies. More
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February 20, 2017Farewell to the heyday of the Great American Shopping Center. We knew thee well. But it ain’t over yet. The waning days of many malls have been in progress for over a decade and if the pace is accelerating more recently, it’s not surprising. With Macy’s closing 100 stores, Sears baling out of centers as fast as they can and others likely to follow, it doesn’t take a real estate scientist to figure out that malls are, if not an endangered species, at least a diminished one. A lot of the B and C malls are ...
November 21, 2016It’s cold today in huge swaths of the U.S. – the first day for hats, scarves and gloves. Arriving right on cue ahead of the kick-off to the holiday season, it’s the kind of weather that should put people in the mood for shopping. But it wasn’t cold, or nearly cold enough, during the holiday 2015 shopping season. That left a lot of retailers sitting on a pile of unsold coats, jackets and other cold weather goods. They vowed in the aftermath they would not make the same mistake this year. Many of them put a name ...
February 3, 2014Take one seriously brutal, margin-crushing holiday season, stir in the ongoing growth of e-commerce and what do you get? Blood in the water for brick-and-mortar.Holiday 2014 was crazily promotional, as all holidays seasons are. But what ensued in the aftermath throughout January was even nuttier. Retailers flooded inboxes with Last Chance, Truly Last Chance and Extra Super-Duper Last Chance (We Really Mean it This Time) clearance offers right on down to the end of the month.Morgan Stanley retail analyst Kimberly Greenberger in a mid-month research note said 40% of the 26 retailers she follows were more promotional in ...
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