Dive Brief: Net operating income from Simon Property Group’s retail and brand interests, which include investments in J.C. Penney, Sparc Group, Authentic Brands Group and Rue Gilt Groupe, fell 35.4% to $125 million in the fourth quarter and 33.4% to...
For the first time in its nearly 50 year history, The Vitamin Shoppe is launching a franchise strategy. The company on Monday announced the opening of its first franchise location in Valparaiso, Indiana. The Vitamin Shoppe currently has signed 58...
US gamblers are expected to wager a record $16bn on Sunday’s Super Bowl, according to industry projections, as the growing reach of online sports betting entices a rush of new customers. Some 30mn adults in the US plan to place...
Dive Brief: The Children’s Place changed its fourth-quarter guidance Monday. In unaudited results, the kids' apparel retailer said it now expects net sales of $454 million to $456 million, versus prior guidance of $460 million in net sales. That’s down...
Dive Brief: American Dream, owned by Canadian mall developer Triple Five Group, missed another $8.8 million debt payment. Last year, the mall initially missed an Aug. 1 deadline, due to insufficient funds. The reserve account tapped for payments made in August 2021...
Manchester City has been accused by the Premier League of breaching financial regulations multiple times over a number of years, following a four-year investigation into the English champions. The Premier League said on Monday it had referred the club to an independent...
With dull fluorescent lighting and hodgepodge displays of confectionery, personal care products and cheap electronics, Americanas stores are a staple of the Brazilian high street that rarely elicit much excitement.Yet since last month a multibillion-dollar accounting scandal at the century-old...
Making for a substantial retail expansion, skincare brand Loops on Sunday debuted in over 1,500 Target locations across the U.S. The company — which sells hydrogel face, lip and eye masks — will also be available on the mass retailer’s website, selling...
Oil prices rose dramatically in 2022. That is not just the widely tracked barrel of crude. The cost of olive oil, a rather more niche commodity, has also spiked. That is the pits for Islington households looking for something to...
Michiko Miyamoto used to make frequent trips to Europe. But since the onset of the pandemic, the 66-year-old Tokyo dweller has stuck to Japan — and plans to keep it that way, at least for the foreseeable future.“I am worried...
