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Kohl's CEO: While Competitors Are Closing Stores, We Are Investing In Ours
Saturday, July 22, 2017 - 4:55pm | 469Kohl's Corporation (NYSE: KSS) has a reputation as being grouped within the troubled "mall store" category but in fact around 95 percent of stores are not located inside traditional malls, the company's own CEO Kevin Mansell said in a CNBC interview on Tuesday. The retailer...
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Is TJX Companies Immune To What Ails Mall Retailers?
Wednesday, February 22, 2017 - 9:22am | 321While retail stocks rose to new record highs on Tuesday from a surprise earnings beat from Wal-Mart Stores Inc (NYSE: WMT), uncertainty in retail persists after posting poor numbers during the holiday season. Analysts, however, are still bullish on discount retailers. Analysts at Wedbush are...
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Don't Get Burned By The 'Death Of The Mall' Trade
Sunday, February 12, 2017 - 3:46pm | 418The rise of Amazon.com, Inc. (NASDAQ: AMZN) has changed the face of brick-and-mortar retail forever. Amazon may have single-handedly driven traditional mall retailers such as Aeropostale, Pacific Sunwear, American Apparel and Wet Seal into bankruptcy. Other companies, such as Sears Holdings Corp (...
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Mall Stocks Vs. Mall REITs: What's The Safer Bet?
Thursday, November 3, 2016 - 2:18pm | 491There’s no question the rise of e-commerce giants like Amazon.com, Inc. (NASDAQ: AMZN) has changed the shopping mall market forever. However, some mall retail stocks have adapted to the changes, while others have fallen victim to them. Shoppers will likely always enjoy the hands-on experience...
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Mall Owners To Department Stores: 'See Ya, Wouldn't Want To Be Ya'
Thursday, September 15, 2016 - 7:03am | 415Malls are dying, apparently. So when an anchor tenant like Macy's Inc (NYSE: M) announced plans to close 100 stores it merely sped up the official demise of malls, right? According to Gadfly's Shelly Banjo, this couldn't be further from the truth. In fact, mall owners, such as...
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Mall Traffic Is Actually Increasing Among Teens, According To A Major Survey
Thursday, September 8, 2016 - 4:36pm | 369It’s no secret that brick-and-mortar retailers have been struggling to compete with the likes of Amazon.com, Inc. (NASDAQ: AMZN) and other e-commerce names in recent years. In fact, teen retailers Wet Seal, American Apparel, Pacific Sunwear and Aeropostale Inc (OTC: AROPQ) have all...
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Malls Booting Department Stores In Favor Of Smaller Retailers
Monday, July 11, 2016 - 9:13am | 492How the mighty have fallen. According to the Wall Street Journal, the once mighty retailers and mall tenants are no longer the preferred choice of mall owners. According to the Wall Street Journal, mall owners are no longer looking at high-end retailers like Nordstrom, Inc. (NYSE: JWN) to drive...
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Are Malls And Real Estate Owners In Trouble? The Bond Market Says 'Yes'
Wednesday, July 6, 2016 - 8:21am | 336According to the Wall Street Journal, the total value of bonds backed by personal, corporate and real-estate loans plummeted $98 billion from the first six months of 2015 as investors fled riskier types of bonds. The drop in bonds is viewed as a negative for shopping mall owners and businesses that...
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Did Mall Retailers Have A Happy Fourth Of July?
Tuesday, July 5, 2016 - 3:02pm | 382Randal J. Konik of Jefferies believes retailers benefited over the Fourth of July weekend from a combination of weather, promotions and healthy traffic. In a research report published Tuesday, Konik offered a deep dive into the retailing sector and included first hand observations. Overall, most...
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Attention Mall REIT Investors: $47.5 Billion Of Loans Are Set To Mature Over The Next 18 Months
Thursday, June 16, 2016 - 8:13am | 336The rise of e-commerce could very well result in the death of the malls. According to Bloomberg, the looming death of the shopping malls could come sooner, rather than later. The publication, citing data from Bank of America Merrill Lynch, stated that around $47.5 billion worth of loans backed by...
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Jim Cramer Discusses L Brands Amid New 52-Week Low And Why Mall Owners Aren't Worried
Thursday, May 5, 2016 - 10:58am | 260Shares of L Brands Inc (NYSE: LB) plunged more than 10 percent Thursday morning and hit a new 52-week low of $71.02 after the company reported its April and first quarter sales data. L Brands said total sales for the quarter rose 4 percent from the same period a year ago to $2.614 billion while...
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Department Stores Need To Slash Hundreds Of Locations, Says Research Firm
Monday, April 25, 2016 - 9:14am | 350Green Street Advisors, a research gathering firm that focuses on real estate and REIT companies, believes department stores as a whole need to slash hundreds of sites to regain the productivity they enjoyed a decade ago. As noted by the Wall Street Journal, department stores would need to close...
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Credit Suisse On Shopping Centers: 2 Downgrades & 2 Top REIT Picks
Thursday, May 28, 2015 - 9:25am | 827On May 26, Credit Suisse updated the REIT sector, including the malls and strip centers within its coverage universe. Two REITs were downgraded by Credit Suisse from Neutral to Underperform: Macerich Company (NYSE: MAC) - $12.9 billion cap, 3.2 percent yield. Macerich is the third...
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Bank Of America: Malls Underperforming, Strips Outperforming In Q3
Monday, November 17, 2014 - 12:37pm | 134Craig Schmidt of Bank of America reviewed how REITs and malls performed in the third quarter. According to the analyst, mall earnings mostly met or exceeded expectations for the third quarter while five of the seven mall REITs the analyst covers raised their guidance and the other two lowered...
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3 Reasons To Be Bullish About Luxury Brand Stocks
Thursday, March 6, 2014 - 12:58pm | 599Everybody brings their "A" game to the "Invest for Kids Conference" in Chicago. The conference is a gathering of the biggest names in finance, such as Norman Peltz and Sam Zell, pitching their best ideas to benefit a great cause. At the event in late October, Peter Zaldivar of Kabouter...