ICSC: International Council of Shopping Centers

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29 March 2007
Congress may act to close Web retail sales tax loophole
An ICSC campaign to even the playing field between Internet merchants and physical stores is bearing fruit

22 March 2007
Borders to close up to 300 Waldenbooks stores, withdraw from overseas markets

22 March 2007
Tesco inks $1.3 billion sale-leaseback with British Land

21 March 2007
$500 million China retail venture formed
Bear Stearns creates fund with China's Huang Guangyu to expand retail

16 March 2007
Macquarie and partner spend $3.5 billion for Spirit
International investors show increasing U.S. interest with REIT purchase

16 March 2007
KKR acquires Dollar General chain for $7.3 billion
Private equity firm takes on ailing discount chain with plans to reverse its performance

8 March 2007
U.S. chain store sales up 2.5 percent for February
Cold weather slowed pace of growth

6 March 2007
Mexico conference celebrates boom
Economic expansion is spurring major retail development

28 February 2007
A&P to buy Pathmark for about $653 million
Deal will create 600-store supermarket giant

28 February 2007
Centro to buy New Plan for $3.5 billion
Transaction would make Centro third-largest owner of U.S. open-air centers

27 February 2007
Federated to become Macy’s Group
Name change will reflect new focus, CEO says

26 February 2007
Gap scraps Forth & Towne
Retailer will shut 19-unit concept and refocus on reviving Gap and Old Navy divisions

23 February 2007
Whole Foods-Wild Oats acquisition praised
The $565 million deal gives Whole Foods 110 stores

16 February 2007
Mills accepts Simon, Farallon offer of $1.64 billion
REIT rejects previous deal with Brookfield Asset Management

8 February 2007
January sales increased 3.7 percent at U.S. chain stores
Cold weather, gift cards drove traffic

6 February 2007
Weekly sales up 1.3 percent for U.S. chain stores
Super Bowl shopping has positive effect

5 February 2007
CBL, Bain invest $60 million in China mall developer
Jinsheng Group operates 7.1 million square feet in Shanghai

5 February 2007
Simon, hedge fund make $1.36 billion bid for Mills
Offer tops previously accepted $1.19 billion bid from Brookfield

2 February 2007
ICSC nominates new chairman
Ivanhoe Cambridge's Rene Tremblay is tapped

2 February 2007
Simon FFO up 8.9 percent in 2006
2006 net income jumped 21 percent to $486.1 million

1 February 2007
Regency Centers grew FFO, rents in 2006
REIT says same-store NOI up 4.4 percent for year

26 January 2007
H&M to launch premium chain
The retailer will open Collection of Style in Europe this year

23 January 2007
U.S. chain store sales up 0.1 percent for week ended Jan 20
Year-over-year sales increased 4.8 percent

23 January 2007
Gap Inc. CEO Pressler quits
Panel of retail luminaries searching for replacement

23 January 2007
Wal-Mart opens green Supercenter
The new prototype uses 20 percent less energy

23 January 2007
Report: Latin America's retailers growing fastest
The region's chains are the most profitable, too

17 January 2007
Brookfield to buy Mills for $7.5 billion
Asset manager will recapitalize Mills and run it as a subsidiary

12 January 2007
GGP extends mall hours
Malls will open earlier Saturdays, and close later Friday and Saturday nights

9 January 2007
U.S. sales up 0.7 percent for week ended Jan. 6
Gift cards, post-holiday activity drive strongest month since October

4 January 2007
December sales increased 3.1 percent at U.S. chain stores
Luxury stores and wholesale clubs saw most traffic

3 January 2007
U.K. property giant becomes REIT
As the U.K. and Germany allow REITs, Land Securities and nine others change status

3 January 2007
U.S. chain store sales increased 0.3 percent last week
Holidays end on positive note as gift card redemptions kick in

27 December 2006
U.S. chain store sales up 2 percent last week
Pre-Christmas rush spurs sales increase

20 December 2006
Westfield raises $1.05 billion in U.K. mall deal
Transaction is part of bid to raise $5.4 billion in development funds

19 December 2006
U.S. chain store sales increased 1.6 percent last week
Holiday sales gathering momentum after slow start, survey says

14 December 2006
Canada's RioCan partners with American REIT to buy, develop $1.5 billion worth of U.S. retail center
Deal includes a 4.5 percent stake in joint venture partner Ramco-Gershenson

14 December 2006
Home Depot buys Chinese chain for $100 million
Deal gives U.S. retailer 12 stores in six Chinese cities

12 December 2006
Holiday rush begins as weekly sales increase 1 percent at U.S. chain stores
Shoppers regain momentum as sales pick up pace in December

30 November 2006
November sales up 2.1 percent at U.S. chain stores
Department stores, luxury chains see largest sales gains as holiday shopping season kicks off

29 November 2006
Colony hires Siegel to complete Meadowlands Xanadu
Former Mills CEO takes helm of $2.3 billion retail-entertainment complex

27 November 2006
Malls post strong Black Friday sales
Retail sales of nearly $9 billion are up 6 percent over 2005

20 November 2006
Weingarten, BlackRock acquire retail portfolio
BlackRock buys nine centers for $223 million, Weingarten pays $189.4 million for 16

17 November 2006
Federated sells bridal group for about $850 million
Private equity group takes bridal stores, Men's Wearhouse acquires tuxedo rental chain

17 November 2006
Mixed-use development hailed at conference
Delegates say the format is a solution to sprawl, but not an easy one

10 November 2006
Seventeen percent of Americans will increase holiday spending this year, ICSC survey says
Average U.S. consumer to spend $676 on holiday shopping this year

7 November 2006
Weekly sales up 1 percent at U.S. chain stores
Year-over-year sales increased slightly too, at 2.3 percent

3 November 2006
TIAA-CREF holds $2.5 billion stake in DDR’s Inland deal
Institution and developer form joint venture for 67 properties

2 November 2006
U.S. chain store sales grew 3 percent in October
Cold weather drove traffic in department stores, according to ICSC’s survey

1 November 2006
CB Richard Ellis to buy Trammell Crow for $2.2 billion
Deal will create mammoth real estate services firm with $4 billion in annual revenue

31 October 2006
Weekly sales slide 0.2 percent at U.S. chain stores
Year-over-year growth increases slightly, sales up 2.3 percent

30 October 2006
GE buys Trustreet in $3 billion deal
Restaurant REIT will become part of GE Capital Solutions division

27 October 2006
Congress celebrates Latin America's mall boom
Argentina plays host to third International Congress of Shopping Centers

25 October 2006
Israeli developer buys 9 percent of Mills for $110 million
News causes REIT’s stock to soar

23 October 2006
DDR buys Inland Retail’s portfolio for $6.2 billion
REIT partners with institutional investor to buy 43.6 million-square-foot, Southeast-focused portfolio

20 October 2006
Developers Diversified buys into Brazilian landlord
$130M investment gives U.S. REIT 50 percent stake in 3.4 million-square-foot mall portfolio

10 October 2006
Ross Stores buys 46 former Albertsons stores
Discount chain will convert supermarkets into apparel stores

5 October 2006
September sales rise 3.8 percent
Unpleasant weather brought the sunshine out for department stores

4 October 2006
Weekly sales slide 0.3 percent
September’s overall sales growth expected to be 4 percent

2 October 2006
Mills CEO steps down
Siegel retires, Ordan takes over executive role at REIT

29 September 2006
Neiman Marcus to grow Last Call outlet store portfolio
12 new units to open within five years, CEO says

27 September 2006
Westfield San Francisco Centre opens today
Forest City Enterprises, Westfield Group launch $460 million redevelopment

27 September 2006
Kimco buys 19 centers for $920 million from GE
REIT plans to flip 3.6 million-square-foot portfolio to an institutional investor

26 September 2006
U.S. chain store sales decrease for third consecutive week
But year-over-year sales growth shows increase in demand

22 September 2006
Veteran developer Jim Wilson Jr. dead at 71
Former ICSC chairman and trustee was "one of most beloved people in the whole industry."

20 September 2006
Westfield unveils plans for London’s biggest mall
1.6 million-square-foot Westfield London to open in 2008

19 September 2006
Saks Fifth Avenue plans Mexico expansion
Luxury chain inks licensing deal to open first store in Mexico City

18 September 2006
Ivanhoe forms joint venture with Brazil’s Ancar
Deal gives Canadian firm interests in three Brazilian centers

11 September 2006
Mayor vetoes Chicago 'living wage' ordinance
Daley nixes law requiring big boxes to pay higher wages

7 September 2006
Wal-Mart launches new merchandising strategy
U.S. stores will be divided into six groups that will target six different consumer segments

5 September 2006
U.S. chain store sales increased 2.9 percent in August
Discounters, wholesale clubs were month's biggest gainers

29 August 2006
U.S. chain store sales increased 0.6 percent last week
Year-on-year growth is up 3.6 percent

22 August 2006
Colony agrees to finance Meadowlands Xanadu
Deal good for both project and Mills, observers say

22 August 2006
Florida projects face high insurance, construction costs
Retailers remain upbeat on the market's return on investment

14 August 2006
Ivanhoe Cambridge to pay $1.5 billion for 3 Mills stakes
With deal, U.S.-based Mills cashes out of international market

8 August 2006
U.S. chain store sales slid 0.2 percent last week
High gasoline prices, hot weather took toll on traffic

7 August 2006
Major record companies shut off Tower
Some predict that music retailer will liquidate

3 August 2006
Report: Ordinance prompts Target to cancel Chicago store plans
“Living wage” bill makes business unprofitable for big boxes, observers say

3 August 2006
U.S. chain store sales grew 3.5 percent in July
Hot weather helped some chains, hurt others

2 August 2006
Belk buys Parisian from Saks for $285 million
Trimmed-down Saks will now focus on upscale Saks Fifth Avenue stores

2 August 2006
Bank-issued mall gift cards subject to federal, not state, scrutiny, judge rules
Simon wins victory in New Hampshire legal battle

2 August 2006
U.S. chain store sales grew 0.9 percent last week
Year-over-year pace of growth slows to 1.8 percent

28 July 2006
Wal-Mart to pull out of Germany
Discount giant says it will sell 85 stores to Metro

25 July 2006
U.S. chain store sales increased 0.2 percent last week
Back-to-school shoppers drove growth

20 July 2006
Federated sells 4 mall anchor stores to Target
Malls in California, New Mexico and Pennsylvania affected

19 July 2006
FASB to revise lease accounting standards
New rules likely to require publicly owned retailers to recognize leases on corporate balance sheets, observers say

18 July 2006
Gas prices cause 53 percent of U.S. households to cut spending in July
Average household expenditure on gas is up to $50 per week in U.S.

18 July 2006
U.S. chain store sales declined 0.6 last week
Pace of year-on-year growth slowed to 2 percent

14 July 2006
Petco sells for $1.8 billion
Private equity firms Leonard Green & Partners, Texas Pacific team to buy 800-store chain

13 July 2006
Asia sorely lacks reliable data, Expo speakers say
Growing involvement of REITs will bring transparency, they add

11 July 2006
ICSC's Asia Expo opens in Singapore
Convention marks Asia's largest retail development gathering

10 July 2006
Kimco buys Pan Pacific for $4 billion
Deal brings Kimco portfolio to 165.8 million square feet

10 July 2006
Centro Watt to buy Heritage Property Trust
$3.3 billion deal, including debt, doubles joint venture’s U.S. retail portfolio

6 July 2006
U.S. chain store sales grew 2.6 percent in June
Drugstore sector showed biggest gains for month

6 July 2006
New Neiman Marcus concept will launch this month
Cusp stores will target younger demographic

6 July 2006
Ivanhoe to export expertise to China
Montréal firm forms retail real estate services joint venture

5 July 2006
Bain, Blackstone buy Michaels for $6 billion
Private funds will try to shore up crafts chain's competitive position

30 June 2006
Charlotte Russe sells 44 Rampage stores to Forever 21 for $14 million
Deal latest step in disposition of struggling chain's stores

30 June 2006
Cadillac Fairview buys 46 percent of Brazil's Multiplan
Rio de Janeiro–based mall owner, Brazil's largest, valued at over $1 billion

29 June 2006
Tesco plans at least 100 U.S. stores
Rollout underscores grocery giant’s commitment to U.S.

27 June 2006
GGP to build 1 million-square-foot center
Milwaukee project underscores the developer's commitment to community development

22 June 2006
Apollo, NRDC execs buy Lord & Taylor for $1.2 billion
Parties expect to close 48-store deal sometime in third quarter

21 June 2006
J. Crew to go public next week
NYC-based apparel chain hopes to raise $367.5 million

20 June 2006
Divided Supreme Court issues wetlands ruling
Verdict muddies the waters, provides little guidance, many say

20 June 2006
U.S. chain store sales flat last week
Year-on-year pace of demand grew 3.9 percent

14 June 2006
Westfield gains control over 2012 Olympic Games site
Officials call $258 million deal 'good news' for Londoners

13 June 2006
U.S. chain store sales grew 1.2 percent last week
Year-on-year pace of growth increased 4 percent

9 June 2006
Gap takes U.S. stores back to basics
New prototype, merchandise strategy to roll out this summer

9 June 2006
Simon might launch property fund with institutional investor
REIT seeks to leverage its economies of scale in non-mall sector

9 June 2006
Albertsons to close 100 stores
Safeway will benefit through market share gain, observers say

6 June 2006
U.S. chain store sales grew 0.1 percent last week
Year-over-year pace of growth was 3.4 percent

1 June 2006
U.S. chain store sales up 4.1 percent in May
Department stores post highest gains since 1997

31 May 2006
U.S. chain store sales slipped 1 percent last week
Shoppers had no compelling reason to spend, economist says

24 May 2006
2006 Hot Retailers named
Five innovative tenants honored at ICSC Spring Convention

22 May 2006
Mayors laud TIFs, eminent domain
These tools ease economic development, they say

21 May 2006
ICSC's 48th Spring Convention opens in Las Vegas
A record 46,000 retail real estate professionals expected to attend

20 May 2006
Mall of Asia opens in Philippines
At 4.3 million square feet, center reckoned by some to be largest in Asia

19 May 2006
GGP to develop 1.2 million-square-foot center in Nevada
100-acre project will be hub for master-planned Summerlin community

17 May 2006
Home Depot abandons same-store sales metric
Retailer says it will no longer share sales data on stores open more than one year

16 May 2006
Wal-Mart net sales up 12.3 percent in first quarter
U.S. same-store sales climb 3.8 percent

16 May 2006
U.S. chain store sales flat last week
But Mother's Day spending drove sales up 4.2 percent year on year

12 May 2006
Vornado weighs international expansion
Roth says company will look at Europe and India

10 May 2006
ShopKo sale-leaseback deal breaks record
Owner Sun Capital sells store sites for $815.3 million

10 May 2006
Westfield to sell eight malls for $550 million
Firm will use proceeds for redevelopment of other properties

9 May 2006
U.S. chain store sales fell 0.4 percent last week
Shoppers are waiting to make Mother's Day purchases

4 May 2006
U.S. chain store sales grew 6.6 percent in April
Warm weather spurs strongest growth since March 2004

3 May 2006
Macerich buys back 11 Federated stores
Deal includes mall anchors in Arizona, California, Connecticut

2 May 2006
U.S chain store sales grew 0.7 percent last week
Year-over-year, sales grew 4.3 percent

2 May 2006
Simon buys back nine Federated stores
Landlord plans to convert mall anchor stores into lifestyle centers

28 April 2006
Eastern Europe's fortunes rise on retail, conference told
Rising standards of living and retail could help stem migration

28 April 2006
Simon net jumped 82.1 percent in first quarter
Regional mall sales per square foot increased 5.5 percent

28 April 2006
Carrefour sells South Korean unit for $1.85 billion
Government regulations were hurting sales, French chain says

28 April 2006
CBL sells malls to Galileo for $63 million
Plans to sell three more for $43.5 million

27 April 2006
2006 Solal Marketing Awards winners announced
ICSC Europe honors marketing excellence

27 April 2006
European Shopping Centre Awards winners announced
Judges single out Europe's most innovative retail developments

27 April 2006
H&M outlines growth plan at European Conference
U.S., Canada, Middle East expansion focus, executive says

26 April 2006
Investcorp invests $388 million in Texas retail centers
Bahrain-based firm forms venture with Equity One to own 2.8 million square feet

26 April 2006
ICSC's European Conference opens in Denmark
Asia to spur retail growth, but aging will challenge it, delegates told

26 April 2006
Kimco, Schostak make $100.5 million acquisition
Partners acquire 28 neighborhood centers from Spectra Group

25 April 2006
Kimco's first-quarter FFO up 14.8 percent
New York–based REIT ramps up Canadian, Mexican investments

25 April 2006
U.S. chain store sales slipped 0.2 percent last week
But year-on-year growth was 4.1 percent

20 April 2006
Penney to renovate 250 stores, open 170-plus by 2009
Majority of new stores will be in off-mall locations, retailer says

18 April 2006
Saks Fifth Avenue store to open in Shanghai
Saks Inc. makes deal with private fund to expand in China, Macao

18 April 2006
U.S. chain sales grew 1.1 percent last week
Week's sales growth up 4 percent on year-over-year basis

18 April 2006
Gap Inc. to open 35 stores in Middle East
Apparel chain makes second franchise deal to expand internationally

13 April 2006
Sears Holdings' prospects strong, chairman says
Lampert stresses customer service, Sears Grand expansion and Kmart renovations

12 April 2006
Sephora to become JCPenney's beauty brand
French chain will open boutiques in all JCPenney stores

6 April 2006
U.S. chain store sales rose 1.9 percent in March
Wholesale clubs, drugstores post highest increases

6 April 2006
U.S. chain store sales flat last week
Sales grew 2.4 percent year-over-year

6 April 2006
Home Depot steps up foreign expansion
America's second-largest retailer to open more stores in Canada, Mexico

5 April 2006
Wal-Mart to encourage urban revitalization with new program
Chain will open 50 U.S. stores in blighted neighborhoods

28 March 2006
U.S. chain store sales down 1.6 percent last week
Sales for March are set to increase about 3 percent

23 March 2006
Build-A-Bear Workshop heads to India
Move will bring custom toy retailer's expansion to 14 countries

23 March 2006
Gap to open 10 more Forth & Towne stores
Company looks to new concept to boost shrinking bottom line

21 March 2006
U.S. chain store sales down 0.1 percent last week
Capricious weather tempers demand for seasonal goods

20 March 2006
Michaels Stores seeking buyer
Chain's 4Q comps grew 2.4 percent

16 March 2006
Movie Gallery offering other retailers space in 2,200 of its stores
Video chain seeks to sublease part of each store

15 March 2006
Wal-Mart ups ante in Latin America
Bentonville chain raises CARHCO stake to 51 percent, renames it Wal-Mart Central America

14 March 2006
U.S. chain store sales up 0.1 percent last week
Warm weather spurred shopping trips, ICSC's index reveals

13 March 2006
Australian department store chain selling for $1 billion
Texas Pacific (owner of Neiman Marcus, Debenhams) adds Coles Myer stores to portfolio

10 March 2006
We're not anti-competitive, U.K. supermarket chains say
British government probes supermarket practices

10 March 2006
Consumer spending rises 6.8% in January
Warm temperatures boost spending, observers say

7 March 2006
U.S. chain store sales grew 0.2 percent last week
Milder weather drew consumers into stores

3 March 2006
General Growth invests in Turkey
U.S. REIT joins Germany's ECE to buy, develop Turkish centers

2 March 2006
U.S. chain sales rose 3.2 percent in February
Chilly temperatures, high fuel prices kept gains low

1 March 2006
Walmex to expand into 20 new cities
Mexican retail giant reports $1.14 billion growth plan

28 February 2006
U.S. chain sales rose 1.5 percent last week
Retailers rebound from 'volatile' February weather, ICSC says

24 February 2006
Mills Corp. exploring strategic alternatives
Virginia REIT hires new COO, delays 2005 earnings report

22 February 2006
Federated fourth-quarter total sales up 87 percent
Department store chain's 2005 comp-store sales grew 1 percent

22 February 2006
Supervalu to sell Deals to Dollar Tree for $30.5 million
Dollar-store chain, acquired in 2002, operates 138 stores in 16 states

22 February 2006
Redevelopment boosted Fed Realty bottom line in '05
Maryland-based firm's FFO up 9.9 percent, operating income up 6.1 percent

22 February 2006
Sales up 6.4 percent at General Growth malls in 2005
Fourth-quarter revenues rose along with land sales, rents

22 February 2006
U.S. chain sales rose 0.2 percent last week
Sales for February on track to rise 3 percent, ICSC says

21 February 2006
Trans World to buy Musicland assets
FYE parent company set to acquire Sam Goody, Suncoast stores

17 February 2006
RadioShack to close up to 700 stores
Retailer to shut units over 18 months after profits fall 62 percent

17 February 2006
GGP wins favorable refinancing of loan for Rouse buy
New terms, 60 basis points lower, free up capital for future acquisitions

17 February 2006
Westfield to buy 15 Federated stores
Department store units located in California, Connecticut, Maryland and Ohio

14 February 2006
Macerich FFO up 13 percent last year
Fourth-quarter rent spreads grew 22 percent

14 February 2006
Developers Diversified enjoyed healthy 2005
Rents up 14.2 percent, operating income up 2.2 percent, firm says

14 February 2006
RED, Barron Collier plan $500 million Phoenix project
Downtown mixed-use CityScape to include 200,000 square feet of retail

14 February 2006
U.S. chain sales slipped 0.4 percent last week
Olympics, cold weather keep shoppers from stores

14 February 2006
Kimco FFO up 14.6 percent in '05
Average base rents up 12.2 percent for year

9 February 2006
Tesco to open convenience stores in U.S.
Largest U.K. retailer set to invest $436 million in new chain

8 February 2006
Simon FFO up 22.5 percent in '05
Occupancy, rent and sales will continue to grow in '06, Simon says

8 February 2006
Taubman malls did $508 per square foot in '05
CEO says figure sets a record for regional mall portfolios

6 February 2006
Boscov's buys 10 Federated stores
Stores, located in Northeast, will convert to Boscov's banner

6 February 2006
Sonae Sierra to open center in Brescia, Italy
$167 million Freccia Rossa to emphasize entertainment

6 February 2006
Talbots to buy J.Jill for $517 million
Deal creates 1,283-store boomer woman apparel chain

2 February 2006
U.S. chain sales rose 5.1 percent in January
Specialty apparel saw big gains; luxury department stores moderated

2 February 2006
Regency FFO climbed 20 percent in 2005
Florida REIT to build $735 million worth of centers this year

1 February 2006
Store closings, retail bankruptcies fell last year
Ten chains filed Chapter 11, least since ICSC began tracking data

31 January 2006
U.S. chain store sales fell 1.1 percent last week
January on track for 3.5 percent year-on-year gain, ICSC says

28 January 2006
Sports Authority to go private
Investor group bids $1.3 billion for 398-store chain

24 January 2006
Forest City will add Harrah's casino to Pittsburgh project
Developer announces $1 billion expansion of mixed-use Station Square

24 January 2006
U.S. chain sales up 0.3 percent last week
Late redemptions of gift cards extend holiday season

23 January 2006
CVS, Kimco, Supervalu group to buy Albertsons for $17.4 billion
Deal makes Supervalu No. 2 supermarket chain, after Kroger

19 January 2006
Ivanhoe Cambridge plans super-regional retail-entertainment center
Project would be only second large mall to open in Canada since early 1990s

18 January 2006
Burlington Coat Factory agrees to buyout
Bain Capital to take over 367-unit chain for $2 billion
UPDATED

18 January 2006
Sales down 1.4 percent at U.S. chains last week
Rise in temperatures, gas; drop in consumer confidence to blame

17 January 2006
Mervyn's to close 20 more stores
Department store chain to focus on West and Southwest stores

12 January 2006
Federated to sell Lord & Taylor
Fifty-five store chain was acquired last year along with May Department Stores

11 January 2006
Lane Bryant gets intimate
Plus-size chain testing new lingerie concept

10 January 2006
OfficeMax to close 110 U.S. stores, open 70
Office supply retailer to spend $141 million on closings

10 January 2006
U.S. chain sales rose 0.1 percent last week
Gift card purchases extended holiday shopping season

10 January 2006
Saks Inc. puts 40-store Parisian division up for sale
Management shakeup includes replacement of chief executive

10 January 2006
Toys 'R' Us to shut 75 stores and cut 3,000 jobs
Toy retailer plans to convert 12 stores to Babies 'R' Us format

9 January 2006
Mills to continue work on key projects
Accounting issues won't obstruct Xanadu Meadowlands, 108 North State Street and others

5 January 2006
December chain store sales up 3.2 percent
Consumers held off until end of month for holiday shopping

4 January 2006
Wal-Mart aside, analysts see solid holiday sales
Retailers to release holiday sales figures tomorrow

4 January 2006
Sales dropped 0.8% last week at U.S. chain stores
Year-over-year sales growth decline at 2.9%

3 January 2006
PREIT buys Woodland Mall for $177.4 million
Michigan property has more than 100 tenants, sales per square foot of $374
UPDATED

3 January 2006
Government OKs purchase of Linens 'n Things
Transaction to take Clifton, N.J.–based housewares chain private
UPDATED

30 December 2005
Americans spent more this holiday season, survey says
Price, selection, convenience all moved shoppers to spend

30 December 2005
U.S. consumer confidence highest in four months
Falling gasoline prices, brighter job picture cheer Americans

28 December 2005
Sales grew 2.8% last week at U.S. chain stores
Year-over-year sales growth held steady at 3.9%

22 December 2005
President Bush signs terrorism insurance extension
Act requires insurers to provide terrorism coverage

21 December 2005
Finish Line to call new chain of women's stores Paiva
Athletics apparel retailer says it may launch up to 200 stores for 25-40-year-olds

21 December 2005
NYC transit strike could hit retailers hard, analysts say
Without public transportation, New Yorkers and tourists may shun stores

20 December 2005
Survey: Consumers keep shopping despite harsh weather
More than half of U.S. shoppers say they plan on seasonal purchases

20 December 2005
Week-on-week sales rise 2.4 percent
Retailers get help from last-minute holiday shoppers

14 December 2005
Wal-Mart buys Sonae's Brazilian unit for $757 million
Purchase gives discount giant nearly 300 stores in Brazil
UPDATED

13 December 2005
Week-on-week sales rise 0.9 percent
Only 13 percent of holiday shopping completed so far

13 December 2005
U.K.'s Asda plans new strategy
CEO says supermarket chain is outcompeted by Tesco

8 December 2005
Lane Bryant to buy Casual Corner leases, set to enter outlet sector
Plus-size apparel chain will pay $2.8 million for Casual Corner leases in outlet centers

8 December 2005
House votes to extend federal terror insurance backstop
New bill raises deductible, prods industry toward self-support

6 December 2005
Post–Black Friday shoppers pause, sales fall
ICSC: Weekly sales drop neither 'encouraging' nor 'worrisome'

6 December 2005
Related Cos. to buy gym operator for $505 million
Equinox fitness clubs will anchor new Related projects, developer says

6 December 2005
J. Jill seeking buyer
Liz Claiborne bids $366 million; Jill board holds out for more

6 December 2005
Expect REIT consolidation, executives predict
Big firms to dominate industry, NYC conference attendees told

5 December 2005
Landlords eye Sears' real estate
But retailer is not eager to sell, executives tell New York Conference

5 December 2005
NYC meeting speakers: Supermarkets can coexist with Wal-Mart
Regional chains thrive in shadow of behemoth, New York Conference attendees told

5 December 2005
Sears Holdings bids for remaining shares of Sears Canada
Canadian arm would continue as a retail business following transaction

5 December 2005
U.S. rents to go up, vacancies down in 2006
Tenant demand driving 70 percent of new developments, report says

2 December 2005
Kimco buys Atlantic Realty Trust for $82.5 million
New York City-based Atlantic owns one center

1 December 2005
November chain store sales up 3.5 percent
Retailers boosted holiday sales with aggressive promotions

1 December 2005
AnnTaylor November comps leap 12.9 percent
New merchandising strategy paying off, chief executive says

30 November 2005
Colonial cashes out of six properties in JV deal
Alabama firm to transfer 3.7 million square feet to Australian investors

30 November 2005
Casual Corner Group owner to sell 525 stores
Parent company Retail Brand Alliance wants to focus on growing Brooks Bros.

29 November 2005
Black Friday strong, but weekly sales fall
Sluggish results not a bellwether, ICSC economist says

28 November 2005
Results for Black Friday bode well for 2005 holiday sales
Consumer traffic, sales up compared to 2004, mall executives say

22 November 2005
Survey: Wal-Mart still top holiday-gift destination in U.S.
Discounter to be No. 1 for apparel, home, jewelry, but not electronics, toys

17 November 2005
House, Senate panels approve terror insurance bills
Legislation would extend term of federal support after attack
UPDATED

16 November 2005
Saks to keep Club Libby Lu chain
Retailer posted third-quarter comp growth of 2.7 percent from a year ago

15 November 2005
Warm weather cools sales
Last week's chain store sales down 0.6 percent

14 November 2005
U.K.'s Asda to hire 2,800 more employees
Wal-Mart subsidiary battles to hold onto No.2 spot

9 November 2005
Halloween helped chain stores, boosting sales 1 percent last week
Stores saw strongest performance since April, according to ICSC survey

8 November 2005
Officials obstruct Federated's efforts to sell stores
Nordstrom looks for a NYC site, executives tell Research Conference

8 November 2005
Macerich FFO rises 11 percent in third quarter
Healthy leasing, occupancy, sales help company's bottom line
UPDATED

7 November 2005
Forest City to develop 1 million-square-foot Utah center
Terrace at Traverse Mountain to be modeled after Victoria Gardens

7 November 2005
Correction ahead, economist says at ICSC meeting
Expect residential downturn, speaker tells Research Conference

4 November 2005
House passes private property rights bill
Bill puts limits on federal support for eminent domain

3 November 2005
October chain store sales rise 4.4 percent
Unseasonably warm weather fails to deter shoppers

1 November 2005
Kemper Freeman opens $500 million Lincoln Square, near Seattle
Developer to market 1.4 million-square-foot project as part of 'Bellevue Collection'

1 November 2005
Cold weather lifts chain store sales 0.4 percent
Overall outlook for October comps improves, to 4 percent

31 October 2005
Saks Inc. sells 142 stores to Bon-Ton for $1.19 billion
New owner to keep Carson Pirie Scott, Bergner's, Boston Store, Herberger's, Younkers nameplates alive
UPDATED

27 October 2005
Federated to close six more stores
Total of 82 units set to shut to prevent overlap with May Co. acquisition

26 October 2005
Retail REITs report strong third quarter
FFO and occupancy rise at Kimco and Weingarten
UPDATED

26 October 2005
Wal-Mart to add 60 million square feet in 2006
280 Supercenters to open in U.S., and 230 stores overseas

25 October 2005
Chain stores sales decline but forecast bright
Cold weather predicted to boost clothing sales

25 October 2005
Ivanhoe Cambridge buys into Simon European joint venture
Move gives Canadian developer presence in markets from France to Turkey
UPDATED

20 October 2005
Holiday sales to rise about 3.5 percent
Consumers are expected to brush off gas blues

20 October 2005
Ten years after bombing, U.K.'s Arndale Centre unveils expansion
Three-phase, $265 million redevelopment heralds new era for Manchester

19 October 2005
Inland acquires $442 million portfolio from Newquest Properties
Brings Inland's acquisition total for year to $3.6 billion for 163 properties

19 October 2005
Sun Capital to buy ShopKo for $882 million
ShopKo cites Sun's retails experience in accepting bid

19 October 2005
Year's best marketing campaigns mix commercial, civic messages
MAXI Awards more international than ever, with 21 countries participating

18 October 2005
Look overseas for inspiration, ICSC panelists urge
Fall Conference speakers cite Middle East, Brazil for innovation

18 October 2005
Chain store sales up 0.4 percent last week
Fourth straight week of sales gains, ICSC index shows

18 October 2005
Saks second-quarter filing reveals $42.8 million loss
Internal probe, inventory missteps caused luxury division deficit

17 October 2005
CBL buys three Midwest malls for $516.9 million
2.9 million-square-foot portfolio acquired from group of private investors

17 October 2005
Environmentally friendly technologies can cut CAM, panelists say
Using 'green roofs' and wind turbine energy can reduce bills

14 October 2005
Survey: Time constraints turn more mall browsers into buyers
Department store “conversion rates” hit all-time high, ICSC research shows

14 October 2005
Inland Western buys 25 Mervyns sites for $221.8 million
Transaction includes new long-term leases for the stores, which are open and operating

14 October 2005
Holiday gift card sales to rise, survey says
U.S. consumers plan to spend an average of $248 on cards

13 October 2005
Walmex beats competitors south of border
Armed with strong sales, Wal-Mart's Mexico arm accelerates growth

11 October 2005
Survey: Halloween spending to rise 4 percent this year
Malls rank as the second most-popular destination for trick-or-treaters

11 October 2005
Chain store sales up for third week straight
Cold weather puts consumers in mind for warm clothing

7 October 2005
Big Lots to close about 170 stores by year-end
Rising real estate costs prompt “market specific” strategy, retailer says

6 October 2005
September chain store sales up 4 percent
High gasoline prices boost sales at wholesale clubs

6 October 2005
TJX to shut e-commerce sites down
T.J. Maxx, HomeGoods sites losing $15 million a year, company says

5 October 2005
Wegmans to shut Chase-Pitkin home improvement stores
Food chain's chairman says stores cannot compete against Home Depot, Lowe's

4 October 2005
Chain store sales up for second week in a row
ICSC predicts September same-store sales will rise 3 percent

4 October 2005
Developers Diversified, three partners bid for Shopko
Consortium offers $26.50 per share for troubled supermarket chain
UPDATED

3 October 2005
Boots Group, Alliance Unichem to merge
New company will boast $23 billion in sales, 2,600 stores

30 September 2005
Dubai developer to build 100 malls in India, Pakistan, Middle East
Emaar Properties says $4.1B program aimed to redress regions' deficit of retail

30 September 2005
Gas prices, cold weather may chill holiday sales
Sales to rise between 6 percent and 7 percent, Ernst & Young report says

29 September 2005
Cushman & Wakefield buys Canadian brokerage
Royal LePage Commercial Brascan will now be called Wakefield LePage
UPDATED

29 September 2005
Glimcher selling off last of its open-air centers
Columbus, Ohio–based firm to funnel profits back into malls

28 September 2005
AAH to buy Party City for $360 million
Buyer plans to make biggest U.S. party-store chain bigger

28 September 2005
Finish Line announces new concept
Mall-based athletic apparel stores to target affluent women

27 September 2005
Weekly chain store sales up
Increase is first in eight weeks, ICSC survey shows

26 September 2005
Retailers, landlords reopening after Hurricane Rita
Early reports say less property loss than from Katrina
UPDATED

23 September 2005
Linens 'n Things up for sale
Home décor chain reports disappointing back-to-school season
UPDATED

22 September 2005
Whole Foods to open first “lifestyle” store
California prototype will sell clothes, housewares, but no food

21 September 2005
Taubman takes on retail portion of $5B Las Vegas project
REIT will partner with MGM Mirage to develop 500,000 square feet of new retail on the Strip

20 September 2005
Marshall Field's to become Macy's
Federated will convert all 62 stores by fall 2006
UPDATED

20 September 2005
Chain store sales fell 2.1 percent last week, ICSC survey says
Decline in consumer confidence spurs largest drop since 2003

20 September 2005
Wal-Mart buys into Central America's largest retailer
CARHCO operates 363 supermarkets in Guatemala, Honduras, Nicaragua and Costa Rica

19 September 2005
San Antonio's 1.3 million-square-foot The Shops at La Cantera debuts
About 300,000 shoppers attend opening weekend at open-air center

16 September 2005
Katrina will not trip up U.S. economy, lenders say
Capital liquidity to keep flowing, say speakers at ICSC Capital Markets Conference in NYC

16 September 2005
Redevelopment: An ideal use of capital, ICSC meeting speakers say
Low cap rates make trophy centers less profitable, Capital Markets Conference told

15 September 2005
Taubman opens $175 million Northlake Mall in Charlotte, N.C.
Enclosed mall is one of just two such centers opening in the U.S. this year

14 September 2005
Outside retailers flocking to Canada, ICSC meeting told
Strong economy lures them, but problems may lie ahead, speakers say

14 September 2005
Industry marks 45 years of REITs
Retail execs. to ring New York Stock Exchange bell

13 September 2005
RioCan plots major development push
Five properties to open in Canada by 2007

13 September 2005
Gas prices hit weekly sales, ICSC index shows
But monthly figures expected to rise as much as 3.5 percent

13 September 2005
At least 13 malls closed indefinitely by Katrina
Some malls still under water, retailers and developers report

9 September 2005
Wal-Mart plans aggressive holiday price cuts
CEO vows retailer will be no “also-ran” in 2005 holiday shopping season

9 September 2005
Sears Holdings reshuffles management after second-quarter sales drop
Lewis named new CEO, former chief Lacy now a vice chairman; Chairman Lampert takes over marketing, merchandising

7 September 2005
Hurricane Katrina slowed sales last week
Gas prices likely to continue to hold back consumer spending

6 September 2005
As Gulf States dry out, industry keeps up Katrina relief efforts
Storm to have limited impact on public REITs, analysts say

6 September 2005
Albertsons puts itself up for sale
Supermarket chain says it is mulling “strategic alternatives” for 2,500-store empire

2 September 2005
ICSC launches Hurricane Katrina aid program
Association to work with FEMA seeking empty retail space to house refugees

1 September 2005
Industry carries out Hurricane Katrina relief efforts
Too early to assess property damage, landlords say
UPDATED

31 August 2005
August chain store sales up 3.6 percent
Wholesale clubs, luxury merchants post highest gains

31 August 2005
Zale to shut 35 Bailey Banks & Biddle stores
Dallas-based jeweler wants to redistribute space to more-upscale markets

29 August 2005
Wet Seal: 2Q comps up 55.9 percent
Company posts $11.7M loss from payment to turnaround expert

29 August 2005
P.F. Chang's unveils new Japanese concept
First Taneko Tavern will open in Scottsdale, Az., next year

26 August 2005
Dave & Buster's to kill Jillian's brand
Dining-entertainment concept's Mall of America unit to close, remaining units to convert to Dave & Buster's

25 August 2005
Dollar Tree: Gas prices hurt second-quarter profits
Discount chain tries new mix to bring in more customers, more often

23 August 2005
Gap Inc. launches Forth & Towne concept
Chicago, New York stores first for new boomer-woman apparel chain

23 August 2005
Record gas prices erode retail sales
But spending still up 4 percent over last year

19 August 2005
Kohl's unveils bold new expansion strategy
500 new stores in next five years

18 August 2005
J. Crew files for IPO
Rebounding clothing retailer plans to open about 30 stores a year

16 August 2005
High gas prices worry Wal-Mart
Operating results and consumer base affected, CEO says

16 August 2005
High gas prices contributed to slower sales last week
Chain store sales down 0.2 percent, survey says

15 August 2005
Developers target downtown Florida suburbs
Some 300,000 newcomers arriving annually, ICSC conference told

15 August 2005
Pacific Sunwear to launch new footwear chain
One Thousand Steps will appear in malls in 2006

10 August 2005
Equity One pulls bid for Cedar Shopping Centers
Cedar failed to respond to $379 million offer for the 58-center firm

9 August 2005
Heat beat sales last week
But outlook for month looks good, ICSC survey says

9 August 2005
Developers Diversified, Macquarie DDR to buy 36 Mervyns units
Sale-leaseback deal bears $396.2 million price and 7.7 percent cap rate

5 August 2005
Equity One bids $379 million for Cedar
Port Washington, N.Y.–based REIT could reject $17-per-share offer, analyst says

4 August 2005
July chain store sales up 3.6 percent
Luxury, wholesale clubs, drugstores post strongest gains

1 August 2005
Simon FFO up 30.1 percent for Q2
Strong rent increases, only minor fallout from Federated closings

1 August 2005
Elbit to sell Central European centers for $518M
French company Kle'pierre group to buy in two stages

28 July 2005
Extend terror insurance support, execs implore Congress
Real estate projects will lose coverage if government dilutes or drops TRIA, they warn

28 July 2005
ICSC's founding leader Leonard Farber, CSM, dies
Pioneer developer played critical role in organization's launch

28 July 2005
Federated to unload 68 stores in 66 malls next year
Post-merger plans include converting all May stores to the Macy's banner

27 July 2005
Macquarie to buy nine China centers for $93 million
Australian bank says it may transfer properties into a fund

27 July 2005
Tanger's second quarter marked by rent increases
N.C.-based outlet firm's FFO nearly flat from a year ago

25 July 2005
Simon teams with Wal-Mart to take on China
U.S. firm to join Morgan Stanley, Chinese builder on Wal-Mart-anchored centers in China

22 July 2005
Taubman's FFO, sales, occupancy up in second quarter
This is “best leasing environment we've seen in years,” Taubman says

21 July 2005
Nordstrom to enter Waterside Shops at Pelican Bay
New store part of $25 million redevelopment of Naples, Fla., regional center

20 July 2005
CBL cashes out of Galileo venture, New Plan Excel antes in
Nearly $1 billion deal will boost Galileo's portfolio to 16.7 million square feet

20 July 2005
Metro buys A&P’s Canadian stores for $1.46B
Acquisition pushes Metro to No. 2 spot in Ontario and Québéc

19 July 2005
Report: Stores that discount will reap back-to-school sales
Wal-Mart, J.C. Penney, Sears and Old Navy parents' top choices

18 July 2005
CBL buys Mall of Acadiana for $175M
Louisiana shopping center may get expansion

14 July 2005
Galleria at Pittsburgh Mills attracts 50,000 visitors on opening day
Tarentum, Pa., project offers department stores, leisure activities, power center
UPDATED

14 July 2005
REITs bemoan competition from nonprofessional investors
But these 'Who dat?' buyers will come unstuck, pros predict

14 July 2005
Gambling, retail — a good mix, says former Vegas mayor
Only 40 percent of Vegas revenue comes from gaming, she says

13 July 2005
May, Federated shareholders approve $11 billion merger
If FTC gives nod, transaction would create $30 billion department store giant
UPDATED

12 July 2005
Suicide bomber kills two at mall in Israel
Netanya shopping center was scene of earlier bombing

12 July 2005
Chain store sales up 0.1 percent last week
Impending hurricane sent shoppers in the Southeast to stores

11 July 2005
India tops Kearney list of emerging markets for retailers
Report applauds government's decision to allow foreign investment

7 July 2005
June retail sales rise 5.3 percent on warm weather
Signs point to strong sales for remainder of year, reports ICSC's Niemira

6 July 2005
Fourth of July holiday spurs U.S. chain store sales
Sales rose 0.5 percent last week on consumer confidence, summer weather

5 July 2005
Winn-Dixie receives bids for 79 stores
Buyers, including Supervalu, offer total of $38.7 million
UPDATED

1 July 2005
Trade groups resist Treasury move to end or limit TRIA
Congress could call hearings in mid-July, ICSC official says

30 June 2005
U.K. shopping centers trading at record pace this year
Property sales on track to beat last year's £6.5 billion worth of acquisitions

29 June 2005
Home Depot to add gas stations, convenience stores
Other retailers likely to follow suit, retail analyst says

27 June 2005
Burlington Coat Factory weighs going on market
N.J.-based company seeks “strategic alternatives to enhance shareholder value”

24 June 2005
Taubman Asia focusing on China, Japan, S. Korea
Company studying about 12 shopping center opportunities

24 June 2005
Supreme Court upholds eminent domain
Confirms government's right to take private property for public benefit

23 June 2005
Groups lobby to extend federal terror insurance coverage
Insurers still not equipped to provide adequate protection, report says

21 June 2005
Winn-Dixie to shut 326 stores
Supermarket chain will pull out of all but 23 markets

21 June 2005
AMC Entertainment, Loews Cineplex to merge
Deal, to close within nine months, will create 450-unit cinema chain

21 June 2005
June sales keep sizzling
ICSC boosts monthly sales-growth expectations to 4.5 percent

17 June 2005
Chesapeake Health Park to offer medical 'one stop' shopping
Maryland project among first U.S. shopping centers with solely health tenants

15 June 2005
Mills, Ivanhoe Cambridge to build up to three new Canadian malls
Ten-year plan targets Calgary, Montréal, Vancouver

15 June 2005
India to have 250 shopping centers by 2010
Sharply growing middle class driving retail demand

15 June 2005
California court: Borders must pay taxes for online sales
Ruling heartens other states seeking to boost tax revenues

14 June 2005
As thermometer rises, so do sales
Last week's hot weather lifted sales 0.6 percent

10 June 2005
Kimco buys $85.3 million of net-leased Va. retail properties
New Hyde Park, N.Y.–based firm also plans two new centers in Mexico

9 June 2005
Real estate prices to keep climbing, heavyweights say
Vornado says low cap rates here to stay; Simon outlines new priorities

8 June 2005
What sluggish economy? asks small-town retailer
Stage Stores chief says small markets show strong spending

7 June 2005
Urban Outfitters plans 30–32 new stores this year
Surging sales driving growth, CFO Ky

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		ICSC International Council of Shopping Centers Serving the Global Retail Real Estate Industry

ICSCInternational Council of Shopping CentersServing the Global Retail Real Estate Industry

ICSC
International Council of Shopping Centers
Serving the Global Retail Real Estate Industry