News

Plano, Texas -- J.C. Penney Co. announced Thursday that it has launched a Growth Brands Division, created to pursue what the retailer sees as high-potential opportunities in the retail space, including both digital initiatives and retail store opportunities.

Chicago -- Jones Lang LaSalle announced it has formed an alliance with the Property Tax division within Thomson Reuters’ Tax & Accounting business to provide tax mitigation services to corporate real estate clients.

Jones Lang LaSalle’s Real Estate Tax Mitigation offering provides review, recommendations and appeal processes to manage a corporation’s real estate tax budget.

Nov. 11 2010
By Bridget Trask
Email: [email protected]

Is it ever too early to start planning for the holiday rush? Not in the retail sector, where revenue expectations rely on that all-important spike in fourth quarter sales. Every day counts, especially this year, when retailers will feel the full impact of a major change in the marketplace -- growth in customer demand for a shopping experience via multiple interaction channels.

Amsterdam -- Delhaize Group reported Wednesday that its third-quarter net profit rose 10% to $193 million, compared with a profit of $176 million in the year-ago period. Excluding currency effects, profit rose 2.7%.

The Belgian supermarket operator attributed the improvements to a stronger dollar against the euro, but also warned the retail environment in the United States remains challenging.

Revenue rose to $7.3 billion from $6.7 billion a year earlier.