Department Store

Kohl’s and Toys"R"Us are among the first retailers to announce their holiday hiring plans this year, and the numbers are more or less the same as last year for both companies.

Toys”R”Us plans to hire 40,000 employees at its stores and distribution centers throughout the country (about 5,000 less than last year). The retailer also plans to allow seasonal workers the opportunity to take on significantly more hours than in previous years, while also continuing to provide extra hours to current employees.

Macy’s Inc. is getting in touch with a new omnichannel payment option.

Chicago -- General Growth Properties has launched a Fall Fashion Guide, available online and accessible to its mall shoppers around the country.

Organized crime is on the rise — and it’s taking a heavy financial toll on the nation’s retailers.

Retailers on average report they lost $453,940 per $1 billion in annual sales over the past year due to organized crime, according to the National Retail Federation’s 11th annual Organized Retail Crime Survey, which put a $30 billion price tag on the problem.  

Oak Brook, Ill. -- Inland Real Estate Acquisitions, Inc. announced the acquisition of three properties, located in Florida, California and Colorado, purchased in August on behalf of an Inland affiliate. The acquisitions collectively total more than $104 million for approximately 607,000 sq. ft. of commercial real estate.

Sears Holdings has turned to a veteran of tech and innovation companies to lead the business unit in charge of the company's most iconic brands.

The company has named Tom Park as president of the retailer's Kenmore, Craftsman & DieHard division.

Virtually all U.S. consumers will do at least some holiday shopping online this year.

According to the new Consumer Pulse survey from Rubicon Project, more than one-third of shoppers anticipate conducting the majority of their shopping online.

Consumers who conduct most of their holiday shopping online plan to spend 20% more than consumers who plan to do the majority of their shopping in-store. Amazon.com is the top holiday shopping destination, followed by Walmart and Target.  

Nothing will have a greater impact on the value of your shopping center than how you approach an anchor tenant lease expiration.