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  • Loehmann's files for third bankruptcy, to liquidate

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  • Carrefour to purchase 127 European shopping malls

    Paris -- French retailing giant Carrefour has joined an investment group aiming to acquire more than a 100 shopping malls in France, Spain, and Italy.

    According to a New York Times report, the $2.7 billion deal will add 127 malls to Carrefour’s current 45-mall portfolio. The plan is to create a new, separate property company in which Carrefour would hold a 42% stake. Institutional investors would hold the rest.

  • Experian identifies top four holiday shopping trends

    New York -- Analysis has uncovered a 46% increase in social networking referrals to top 500 retail websites during the most critical week of the year, just one of four key trends identified in a report by Experian Marketing Services.

    The 2013 holiday marketing analysis from the holiday shopping season's peak week, the period beginning Thanksgiving and ending on Cyber Monday, cited the following four trends:

  • Buyatab to implement eGift card program for Roots

    Vancouver, BC -- Online eGift card services provider Buyatab Online said it has been contracted by Canadian lifestyle brand Roots to implement a customer eGift Card infrastructure and marketing program to accompany its traditional gift card program.

  • GE Capital to administrate Dunham credit facility

    Norwalk, Conn. -- GE Capital, Corporate Retail Finance said it is administrative agent on a $250 million senior revolving credit facility for regional sporting goods retailer Dunham’s Athleisure Corp.

    The proceeds will support ongoing working capital needs and new store growth.

  • NRF: Half of holiday shoppers plan to finish shopping online

    Washington, D.C. -- According to NRF’s latest holiday survey conducted by Prosper Insights & Analytics, nearly half (49.9%) of holiday shoppers indicate they plan to do the remainder of their holiday shopping online, the highest percent in the survey’s 11-year history. As of Dec. 9, before the most recent weekend, 32 million holiday shoppers had not even started shopping.

  • Duane Reade launches holiday photo contest on Facebook

    New York -- Duane Reade, a division of Walgreens, on Friday at midnight launched a holiday photo contest on Facebook. The “Show Us Your Party Legs”  promotion  is a three week, omnichannel social media marketing campaign to raise awareness of Duane Reade-brand hosiery products. It will run through Jan. 4.

  • Age Appropriate: Adjusting Retail Approaches to Attract Older Customers

    By Graeme McVie, VP, LoyaltyOne, [email protected]

    Statistics tell the story: the U.S. population is getting older at a dramatic rate. The Department of Health & Human Service’s Administration on Aging estimates that nearly 55 million people – nearly one-in-six – will be age 65 or older by 2020, compared with 40 million in 2010.

  • Carjacking at New Jersey mall leaves one dead

    Millburn, N.J. – A 30-year-old man was fatally shot during a carjacking at The Mall at Short Hills, an upscale shopping center in Millburn, N.J. According to the Newark Star-Ledger, the man and his wife were entering their Range Rover on a parking deck at around 9 p.m., on Dec. 15, following an evening of holiday shopping at the mall when two men fired multiple shots.

  • Survey: Four-in-10 consumers to spend less this holiday season

    New York - Nearly four-in-10 Americans (38%) plan to spend less this holiday season than they did last year, while 14% plan to spend more this year and 47% plan to spend about the same amount as last year. According to a new Bankrate.com report, Americans planning to spend less outnumber those planning to spend more in each age and income group.

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