Gap Inc. reported second quarter sales and earnings that beat the Street, but its namesake division didn’t benefit from the overall positive retail climate.
Time Equities Inc.’s purchase of the 142,190-sq.-ft. Citrus Center in Inverness, Florida, this month was a no-brainer, according to the commercial real estate company’s retail chief.
Urban Outfitters reported second-quarter sales and earnings that topped Wall Street expectations, led by the strong performance of its Free People and namesake banners and fewer markdowns.