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Top Stories for the Week of November 26, 2007
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Nordstrom Allocates $2.4B for Stores
SEATTLE-The department store chain plans a $3 billion capital expenditures budget for the next five years, with 80% earmarked for new stores, relocations and remodels.

PacSun, Closing Unit, Posts Loss
ANAHEIM, CA-The clothing chain, which is in the midst of closing one division and shedding another, is losing $20 million on charges associated with its restructuring.

Saks Continues Store Turnaround
NEW YORK CIY-The Off 5th brand has shifted its focus form selling off older goods to becoming a viable distribution channel, said executives.

Target ‘Cautiously Optimistic’ for Holidays
MINNEAPOLIS-The company may slow its seasonal hiring to make up for possible sales shortfalls.

Weather, Economy Batter Lowe’s Results
MOORSEVILLE, NC-The retailer’s third-quarter same-store sales fall 4.3%, while earnings drop 10.2%.

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Features


GSR Hotseat
EBL&S' Edward Lipkin
“The big-box stores, due to their size and complexity, take up an amazing amount of energy consumption.”


GSR Insider
Retailers Discount Deep, Early and Often
Promotions abound and bargains mount as consumer confidence plummets.

Regional Coverage
Northeast     Print Full Region
Media Plugs Bolster Barnes & Noble’s Q3
Dick’s Benefits from Golf Galaxy, Drops Comps
Globally Speaking, Fifth Avenue Is First Again
JSS, Madison Start on $70M Wayne Towne Center
Harleysville Closes on $85M East Penn Buy
Ground Breaks for 72nd and Broadway
Law Clears Path for Tidelands Development
Park Turf Club Stays Put at Seven Penn
Southeast     Print Full Region
Madison To Construct Six Kroger-Anchored Centers
CBRE Expands SE Reach With BlackRock Retail Buy
Midwest     Print Full Region
Tween Brands Lowers Holiday Expectations
Land Capital, Ariel Plan $90M Outlet Center
Harlem Irving Looks to Add 130,000 SF to Mall
Urban Retail Buys Large Detroit-Area Mall
Southwest     Print Full Region
Cypress Equities Digging Into $200M West 7th
Vista Equities Planning $200M MXD Project
634,993-SF Retail Center Earns $51M Perm Loan
West     Print Full Region
New Tenants Debut at Lifestyle Center
60,000-sf Shopping Center Commands $25M
Global     Print Full Region
Hines Begins New 120-Acre Development


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