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Target among top 10 cash donors
The Chronicle of Philanthropy is out with its ranking of the leading charitable donors and Target ranked eighth in 2011.
Target donated $146 million in cash and $63 million worth of products last year, according the Chronicle. It is a significant sum that and equates to roughly 4.7% of the retailer’s pretax profits.
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Report: Aurora Capital Associates interested in Daffys real estate
New York -- Aurora Capital Associates, a real estate investment firm, is reported to be acquiring New York-based discount retailer Daffys with plans to sublease its stores, according to Crain’s New York.
Daffy’s, which operates 19 stores, in July announced plans to liquidate by October.
The company has several prime real estate sites, eight of which are located in prime shopping area of Manhattan.
Real Estate Weekly first reported the news concerning Daffy’s possible acquisition.