RH (formerly known as Restoration Hardware) finished the year strong with sales and earnings that topped analysts’ expectations, and said it expects its momentum to continue in 2021, with first-quarter sales rising 50%.
Visa and Mastercard’s decision to delay an estimated $1.2 billion increase in credit card interchange fees was cheered by the retail industry, which wants the companies to cancel the planned increase altogether.
City Place, a 14-acre, big-box center in downtown Long Beach, Calif., that was the site of the Long Beach Plaza Mall appears headed for redevelopment as a mixed-use center.