Finance & Capital Management

San Antonio’s The Rim, at 1.6 million sq. ft the largest power center in Texas, has been sold by the Hines Global REIT Liquidating Trust for an undisclosed sum.

Ralph Lauren Corp. is selling Club Monaco as part of its turnaround strategy to focus on its core namesake brands.

Amazon is hiring 75,000 people across its U.S. and Canadian fulfillment and logistics network as it continues to expand its footprint and keep up with increased demand.

Kohl’s Corp. has moved ahead with its plan to expand its board of directors. 

Gap Inc. is resuming the share buybacks that it had suspended in March 2020 at the outset of the pandemic.

Sak.com is looking to capitalize on economic recovery and drive growth through a new round of financing.

Amazon is backing up its environmental initiatives with a new $1 billion bond focused on funding projects in five key sustainability areas.

PREIT CEO Joe Coradino has a “winner-take-all” theory that lesser malls will close in most markets and better malls will capture their customers and flourish.