February 10, 2010
Store Closings Could Keep Piling Up Throughout First Half of 2010 | retailtrafficmag.com
This article gives the reader a reasonable "heads up" about the consensus of industry thinking regarding estimated numbers of store closings for 2010. It does not give any actionable information that investors might find useful. I hope my analysis corrects this problem.
Movie Gallery Going to the Gallows
February 2, 2010
Movie Gallery Plans Restructuring | online.wsj.com
Hollywood Video chain owner Movie Gallery is preparing to file for bankruptcy for the second time. They are closing stores and fighting a good fight but in my opinion, are doomed to failure for the reasons outlined below.
Lampert Fiddles While Stores Burn
January 12, 2010
Sears Shares "Marketplace" | www.chicagotribune.com
An article ostensibly about Sears new online marketplace but one that reveals some never-before-revealed insights into the inner workings of the company.
A Good "Heads Up" For the Optimists
January 12, 2010
VIEWS ON COMMERCIAL REAL ESTATE'S 2010 OUTLOOK | blog.retailtrafficmag.com
This article is basically a synthesis of several recent articles, blogs and TV (Bloomberg videos) appearances with industry experts. It reiterates what this author has been saying for many months not only about the prognosis for commercial real estate but for who is really responsible for the mess we are in.
Now I Understand Why SHLD's Stock Is So High
December 19, 2009
Sears Holdings back on stock-buying shopping spree | www.chicagotribune.com
This article details the enormous percentage of SHLD's expenditures is being devoted to stock buyback. It also details the fact that they have the lowest percentage of capital expenditures in relation to sales of any of its' 13 competitors.
Now Simon May Not Be Able To Afford GGP
December 9, 2009
Simon Makes Surprise Move and Expands Its Outlet Portfolio | retailtrafficmag.com
Simon buys Prime Outlets from its troubled owners for approximately $2.3 billion (or approximately $280 per square foot) in the largest real estate deal in the shopping center industry since 2007. It would appear that this deal makes sense for both Simon and the struggling Lakewood N.J. based Lightwood Group, what does it do to Simon's chances of successfully bidding for GGP?
ULI & Pricewaterhouse Got It Wrong
November 28, 2009
Retail Real Estate Highlights from the Emerging Trends Report | retailtrafficmag.com
ULI & Pricewaterhouse released their joint annual Report on Emerging Trends in the Retail real estate industry. Although they reveal a somber outlook for 2010, in my opinion they did not take the most serious risk factors into consideration and consequently badly overestimated the outlook.
How To Increase Your Stock Price And Ruin Your Company
November 20, 2009
Sears shelling out---for own stock | www.chicagotribune.com
Mr. Lampert, for the fifth straight year, has again gained the record for spending far less on his store's improvement and maintenance needs than any of his 13 major competitors, while at the same time, spending far more on buying back his own company stockthan any other retailer.
Is This Mr. Lampert's 8th or 9th Life?
November 19, 2009
Sears Narrows Loss, Beats Estimates but Stock Falls | www.chicagobusiness.com
A flurry of articles have come out in recent days seemingly to diffuse the continuing failures of Mr. Lampert's prize holding. This article deals with the "surprise" caused by the losses being slightly less than expected. The others deal with the various new ventures Mr. Lampert has announced in his continuing efforts to slow SHLD's decline into oblivion.
So The Sky Isn't Falling Quite Yet
October 15, 2009
Store Closings Likely To Peak in First Half of 2010 | www.printthis.clickability.com
Year-to-date , the U.S. retail industry saw 3.408 store closings, according to the ICSC. The number of closings is far short of the 10,000 to 12,000 closings many experts projected in late 2008. However this article indicates that 2010 may yet turn out to be even worse.
February 6, 2012
Las Vegas real estate: A happy new year?
January 20, 2012
Commercial property sales plunge in New York City: Why should everyone care?
January 19, 2012
Are Macy's closures a leading indicator of mall REIT values?
January 18, 2012
Ireland's commercial property outlook
January 9, 2012