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General Growth exits bankruptcy
Exiting what was labeled the biggest real estate bankruptcy in U.S. history, General Growth Properties has emerged from Chapter 11 protection as two separate companies.
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ShopperTrak Report: Retail sales up 1.6% in October
A report released Wednesday by ShopperTrak found that total GAFO (general merchandise, apparel, furniture, sporting goods, electronics, hobby, books and other related store sales) retail sales for the...
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Wal-Mart to offer free shipping for online buys
Heating up the holiday retailing war, Wal-Mart Stores announced Thursday that it will offer free shipping on nearly 60,000 online items -- with no minimum purchase requirement.
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Walgreen recommends against unsolicited offer
Walgreen Co. said late Wednesday it is recommending that shareholders do not endorse an unsolicited offer from TRC Capital Corp. to buy up to 3 million shares of the drugstore chain.
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J.C. Penney launches new growth brands division
J.C. Penney Co. announced Thursday that it has launched a Growth Brands Division, created to pursue what the retailer sees as high-potential opportunities in the retail space, including both digital...
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SpendingPulse report: U.S. retail spending gains momentum in October
A report release Thursday by MasterCard Advisors said that in October total retail sales, ex-auto, grew by 3.3% year-over-year, the strongest year-to-year pace since April.
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Gap’s China stores debut along with an online retail store
Gap announced late Wednesday that its first four wholly owned Gap stores have debuted in China, along with the launch of its online retailer store gap.cn.
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Barnes & Noble tests toy boutiques
A report released Thursday said that Barnes & Noble has launched a test of store-in-store toy boutiques at a few select locations, in order to boost sales and fill shelf space.
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General Growth debuts mobile application
General Growth Properties announced it has launched The Club’s Mobile Application, which allows users to access exclusive promotions, discounts and mall event information at over 150 GGP malls in the...
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Survey: 64% say free shipping is most effective holiday promotion
A survey of e-commerce retailers released Thursday by Stamps.com found that free shipping is the most effective sales promotion heading in to the holiday season.
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Kronos Index: Holiday hiring lagging behind last year
A report released by workforce management solution-provider Kronos found that holiday hiring levels are lagging behind 2009 numbers.
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Talbots, JDA Software team toward inventory improvements
JDA Software Group, The Supply Chain Co., announced Thursday that Talbots has selected JDA Allocation to optimize product allocations at its 580 stores in the United States and Canada.
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Simon expands Houston Premium Outlets
Simon Property Group announced that it opened the second phase of Houston Premium Outlets in Cypress, Texas.
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Kmart offers in-store pickup for online purchases
Sears Holdings Corp. said Thursday that its Kmart division has launched an in-store pickup program for online purchases this holiday season.
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Jones Lang LaSalle introduces new real estate tax mitigation alliance
Jones Lang LaSalle announced it has formed an alliance with the Property Tax division within Thomson Reuters’ Tax & Accounting business to provide tax mitigation services to corporate real estate...
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Barnes & Noble testing in-store interactive play spaces
Barnes & Noble is testing 3,000-sq.-ft toy boutiques in five test stores: Enfield, Conn.; Manchester, Conn.; North Brunswick, N.J.; Holmdel, N.J.; and Bronx, N.Y. The play spaces incorporate...
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Dillard’s Q3 profit jumps on lower inventory and expense control
Dillard's Inc. said Friday its third-quarter profit surged 80% benefiting from improved margins, reduced expenses and lower inventory.
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Tommy Hilfiger Europe automates payments process with software from Sterling...
Tommy Hilfiger Europe has selected an electronic invoicing software from IBM to reduce the cost of cross-border and domestic trading by automating its electronic invoicing processes.
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Report: Von Maur seeks to to enter Atlanta market
Midwest department store operator Von Maur will enter the Atlanta market, taking over a fomer Belk’s space at North Point Mall in Alpharetta, Ga., pending approval by the city's design review board,...
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Walmart vet, SIFE member Shewmaker dies at 72
Former Walmart executive Jack Shewmaker passed away Wednesday evening. He was 72.
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