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Study Group: Sears and Kmart Real Estate Experts(?)

Council Members in this Study Group: 55

This study group may include experts knowledgeable on topics in real estate including: commercial property, residential property, corporate real estate, construction, design, contracting, real estate investment, real estate investment trusts, and residential and commercial real estate brokerages, among others.

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Leading Experts in this Study Group

What is a GLG Leader?
Marc Balmuth
Principal
Marc Balmuth LLC

Marc Balmuth is currently an independent consultant to the retail industry. He most recently served as the CEO of Bobs Stores from 1997-1999. Prior, he was President of Caldor, a $2.8B upscale discount store based in the Northeast. He served in this capacity from 1987-1996 and led the company as a division...

Jason Kra, Owner, Total Sports ResourcesJason Kra
Owner
Total Sports Resources

Jason Kra is the President and Owner of Foreign Resources Corporation (FRC), an apparel manufacturer in the USA and a supplier to virtually every major specialty apparel retailer, department stores, & discounters, since 1993. FRC is a US$ 225MM manufacturer of outerwear and lifestyles bottoms. Here,...

Nancy Marino, Owner, Nancy Marino ConsultingNancy Marino
Owner
Nancy Marino Consulting

Nancy Marino is the Owner of a global marketing consultancy, providing services to retailers and manufacturers. Ms. Marino served as a Vice President of Global Sourcing with Hanesbrands from 2004 until 2007. She was responsible for global operations and worldwide offices located in Asia, Indian subcontinent...

Howie Gelbtuch, Principal, Greenwich Realty Advisors Writing CorpHowie Gelbtuch
Principal
Greenwich Realty Advisors Writing Corp

Howie Gelbtuch is currently the Principal of Greenwich Realty Advisors Incorporated, a Real Estate valuation and appraisal firm. Mr. Gelbtuch has been involved in the real estate industry for 30 years, with experience in a variety of different fields. At Greenwich, Mr. Gelbtuch has performed real estate...

Kenneth Leonard, Principal, Leonard AssociatesKenneth Leonard
Principal
Leonard Associates

Kenneth Leonard is the Principal of Leonard Associates. Mr. Leonard is a Consultant specializing in all matters relating to retailing and retail real estate. He has over 35 years of experience in serving as an executive of and advisor to department store companies, mall developers, national retailers,...

Michael Miller, CSA, Independent Consultant, Independent Consultant- Michael MillerMichael Miller, CSA
Independent Consultant
Independent Consultant- Michael Miller

Michael Miller is an Independent Consultant specializing in retail real estate. Previously, he was the Senior Vice President of Real Estate for Toys R Us, from 1977-1999 and remained under contract as a consultant to Toys R Us until 2004. He was responsible for the real estate, legal, architectural,...

Bruce Zaret
President
Zaret International

Bruce Zaret is the President/Owner of Zaret International, a home furnishings importer, since April 2008. Mr. Zaret sells imported home furnishings from China to Wal-Mart, J.C Penney, Bed Bath & Beyond, and Burlington Coat Factory, Linens N Things, and Target. Prior to this, Mr. Zaret was the Vice...

Steven Spaudie
Chief Executive Officer
Fairfax Partners

Steven Spaudie is a consultant with Bedroom Superstores and is familiar with a wide range of products in the domestics and home fashion industries. He has over 20 years of sales and marketing experience in the consumer goods and retail industry and has worked with many of the top sales forces in the...

GLG NewsSMAnalyses by this Study Group's Experts(?)

Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.
IS THE SKY FALLING? | 06-26-2008
Analysis of: U.S. RETAIL STORE CLOSURES FLIRTING WITH SIX-YEAR HIGH | retailtrafficmag.com
Author: Kenneth Leonard, Principal, Leonard Associates

This analysis, as is the case with most of my analyzes for GLG News, could properly be classified under several different overly restrictive GLG News "Subjects".  It involves important impacts in "Retailing", "Finance",Stock Market Activity, and Shopping Center Real Estate(which as yet...

ANOTHER EXAMPLE OF HOW CHEAP MONEY CORRUPTS | 06-25-2008
Analysis of: Steve & Barry's Faces Cash Crunch | online.wsj.com
Author: Kenneth Leonard, Principal, Leonard Associates

This article is important for at least three reasons. The first and most important is the "Domino" affect the restructuring or demise of Steve & Barry's will have on most, if not all, Mall REITs. The vast majority of their 270 existing stores are in former anchor stores that, if returned to their...

Hey Eddie, The Iceberg Is Dead Ahead! | 05-29-2008
Analysis of: Sears Reports a Loss, Citing Gas and Food Prices | www.nytimes.com
Author: Kenneth Leonard, Principal, Leonard Associates

Sears stores sales down 9.8%, Kmart down 7.1%, and comp stores down 8.6%, all supposedly due to the price of gas and food. Q1:08 EPS -$0.53 v. consensus of +$0.15.   While the interim CEO, Bruce Johnson, blames outside events for the poorer-than-expected showing, he also makes a puzzling comment...

Ho Hum, Rising Tide Lifts All Boats & Vice Versa | 05-22-2008
Analysis of: Less Shopping = Fewer Malls | online.wsj.com
Author: Kenneth Leonard, Principal, Leonard Associates

This is a perfect example of my often repeated notion that what passes for news in today's 24/7 news-hungry environment is mostly just a rehash of old and obvious observations.   This WSJ reporter obviously was given the assignment to write something newsworthy about the annual shopping...

The Subprime Pipeline | 05-09-2008
Analysis of: Bulletproof housing markets get hit | money.cnn.com
Author: GLG Expert Contributor

The subprime pipeline has a ways to go. Very much like a virus infects humans- it must run it's course. In 2002 the rebirth of the subprime mortgage began to prevent our economy from dipping into recession. In 2007, the market shows the first short sales and foreclosures. The 125% rule of negative amortizing...

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