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GLG News by Retail Brokerage Experts (Florida)

Kenneth Leonard, Principal
Kenneth Leonard, Principal
Leonard Associates
Analysis of: THE SOFTER SIDE OF SPEED (chicagobusiness.com)
This article outlines the latest strategy employed by Sears and Mr. Lampert to improve their declining sales during the holiday season. The strategy involves extensive advertising about how any merchandise ordered on line will be available within 15 minutes after ordering at any...
Kenneth Leonard, Principal
Kenneth Leonard, Principal
Leonard Associates
Analysis of: Going Up: Real Estate Is on the Rise Again in Japan (knowledge.wharton.upenn.edu)
The Wharton professors who contributed to this article seemed to be saying that "very soon things will return to their former glory days in Japan."Only one professor disagreed and his views were relegated to the very last few paragraphs of this rather lengthy article.The key implication of this...
Kenneth Leonard, Principal
Kenneth Leonard, Principal
Leonard Associates
Analysis of: Are Consumers Sick of Development? Attitudes against Land-Use Development Grow Deeper, Survey Says (rismedia.com)
This is a good example of the growing trend in self promotion for every research company in America to find some special survey with a media-attractive title to use to promote their company.  In particular, the Saint Consulting Group is attempting to use this inexpensive form of advertising...
Kenneth Leonard, Principal
Kenneth Leonard, Principal
Leonard Associates
Analysis of: Colony Capital Gets Mack-Cali's Xanadu Share (www.globest.com)
XANADU has been shopped around to every mall developer in the industry. They all turned it down as being either too risky or too expensive or both.  Along comes Colony and ups the price that all the "pros" turned down. WOW! While I agree with Mr. Burns that this sale removes a huge Albatross around...
Kenneth Leonard, Principal
Kenneth Leonard, Principal
Leonard Associates
Analysis of: SEARS NOT SO GRAND,NOT SO ESSENTIAL (www.suntimes.com)
Sears CEO Aylwin Lewis gave a talk to the Orange County chapter of The National Association of Retired Sears Employees Inc. in which he was quoted in their newsletter as confessing for the first time that none of the Sears Grand or Sears Essentials Stores have yet proven to be successful....
Kenneth Leonard, Principal
Kenneth Leonard, Principal
Leonard Associates
Analysis of: BIG BRAWLS OVER MALLS (www.businessweek.com)
Mr. Palmari writes about "the growing practice of mall owners trying to thwart each other's new projects by lawsuits, strong-arm tactics and costly political campaigns"By focusing upon the legal battles raging over the proposed new mall project in downtown Glendale, CA, he "proves " his theory about...
Kenneth Leonard, Principal
Kenneth Leonard, Principal
Leonard Associates
November 28, 2006
TOLD YOU SO!
Analysis of: What Blackstone Bet Means for Real Estate Investors (online.wsj.com)
Blackstone is buying up REITs.  REIT prices going up.  Yawwwnn.
Kenneth Leonard, Principal
Kenneth Leonard, Principal
Leonard Associates
Analysis of: At Sears, Investing-Not Retail-Drive Profit (WSJ.com)
This article adds yet another strong piece of evidence to the retail industry's long held belief that SHLD should not be viewed as a retail investment.The article details the continuing deterioration of same store sales and profits coming from Mr. Lampert's skill as a high risk speculator...
Kenneth Leonard, Principal
Kenneth Leonard, Principal
Leonard Associates
Analysis of: Still No Shortage of Capital Chasing Real Estate (www.globest.com)
No disrespect intended and without the benefit of an actual survey of the average of analyst attending this conference, I would be willing to wager a large sum that very few in attendance could recall the popular adage bandied about after the Savings and Loan debacle that "there are no more dumb lenders"....
Kenneth Leonard, Principal
Kenneth Leonard, Principal
Leonard Associates
November 2, 2006
WILL RITE AID NEED TUMS?
Analysis of: THE RITE PLAY (retailtrafficmag.com)
Rite Aid, the no. 3 drug chain behind Walgreens and CVS, is buying 1,521 Eckerd stores and 337 Brooks stores.Rite Aid already has had serious problems making money from the stores they have owned and operated for many years.  Any industry veteran can attest to the difficulty of making money with...

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