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Glimcher makes executive appointments
Columbus, Ohio -- Glimcher Realty Trust has announced the promotion of Thomas J. Drought to the position of executive VP, director of leasing.
Drought was previously senior VP, director of leasing.
Glimcher also announced the appointment of Damion Sankovich to VP leasing. Sankovich was previously regional director, leasing. -
White Christmas takes toll on Dec. dept. store sales
NEW YORK -- On the heels of a strong November, some department store retailers reported surprisingly weak December revenue. Results were impacted by a blizzard in the Northeast, which took a bite out of sales after Christmas.
The results raised some worries that the holiday season might be less stellar than some had hoped. Still, much of Wall Street still predicts that November and December spending will show the largest annual increase since 2006.