GLG News by Retail Brokerage Experts (Florida)

With eight major investment funds taking very large positions in Circuit City immediately after their highly publicized turn around effort failed badly, things look bleak for the new management and , if the track record of these investment funds are any indication of the type and quality of retail management...

In a rare moment of candor, Henry Kravis, Alan Bond, Hamilton James and David Rubinstein confess at the Super Returns private equity conference, that the private equity market is simply a "proxy for the credit markets".  They also agree that the private equity buyouts are "now recognized as...

For almost the entire history of JCP's store expansion, they have been recognized in the industry as having one of the most conservative and highly selective programs of any major chain.  Suddenly they are starting to take locations in secondary, troubled strip centers and paying premium...

A three month planned delay? Come on guys, we may have been your colonies and were conditioned to believe what the "Mother Country" tells us is true, but we are not stupid! Not only did Tesco launch one of the most irresponsible invasion plans that this writer has seen in 40 years of observing the retail...

This article can be read to mean  several different important things. First, it could mean that Costco is making a significant, but unannounced, change in their very successful expansion strategy.  Next it could mean that malls have made a significant, but unannounced change in their...

As this article implies, due to the sagging economy, 2008 is going to be a record year for store closings which could have profound impact on shopping center REITs. So what is the real story here? In my comment section I will examine some alternative reasons for the closings and some alternative...

WSJ writes a feature article about an event that has zero significance out side of the Phoenix mall development community. While it may be of interest to those curious few who care about routine struggles between real estate developers of every type, size and description, it is really of no consequence...

The past 12 months have seen mall stocks drop 31%.  Same store sales are down and store closings are up. So what?   Mall REIT profits are up and occupancy rates are holding steady at 94%. Re leasing rates are also holding steady in the top line REITs but not in the REITs with a majority of...

Depending upon which article you read, Macy's have announced between 88 & 97 closings of duplicate stores they purchased in the 2005 May deal. Most are still vacant and causing REIT owners and mall retailers, who are unfortunate enough to be located on the Macy's/May wing of the mall, very serious...

While Mr. Burns correctly points out to the GLG reader who may have missed the news, that the real estate bubble has finally burst and that the country is in the midst of a recession, he totally fails to establish his main theme in this and previous articles, that the death of the Mall is close at hand....