A strong labor market that is boosting consumer spending helped retail sales make a comeback in October, sending a positive note to retailers as they head into the holiday shopping season.
After a slightly weaker prior quarter, thanks to some shifts in the promotional calendar, Macy's is firmly back on track with a very solid set of numbers.
Northwestern Mutual, a large investor in commercial real estate, announced it will acquire an 85% interest in Grocery Retail Partners, a real estate investment trust managed by Phillips Edison & Company.
