Archive: Retail

Morning Brief: Mall Owner Faces Debt Deadline

General Growth Properties, the Chicago real estate behemoth that owns Tysons Galleria, Landmark Mall and the Mall in Columbia, faces a major deadline today as it tries to negotiate new terms for $900 million worth of loans on two Las Vegas properties. The company took on substantial debt when...

By Alejandro Lazo | December 12, 2008; 10:00 AM ET | Comments (0)

Morning Brief: Small Businesses Wary of Bailout

Chris Kelly, a 31-year employee, awaits customers at Champion Billiards & Barstools in Rockville, which is holding a going-out-of-business sale. (By Kevin Clark -- The Washington Post) Small businesses are concerned that the government's announcement this week of what amounts to a bailout attempt for consumers and small-business owners...

By Alejandro Lazo | November 28, 2008; 09:37 AM ET | Comments (0)

Morning Brief: Freddie, Fannie Halt Foreclosures

Mortgage giants Fannie Mae and Freddie Mac will suspend foreclosures and evictions for the holidays. The two companies, which were seized by the government in September, said they want to keep people from losing their homes. They said they are taking the step so they can include more people...

By Alejandro Lazo | November 21, 2008; 08:06 AM ET | Comments (0)

Giant Sales Up, Despite Tough Times

There is a small bright spot for grocery chain Giant amid the economic gloom-and-doom. Sales at Giant and its sister chain Stop & Shop, based near Boston, were up 4.4 percent to $3.9 billion during the third quarter compared to the same period last year. At Giant, sales at stores...

By Sara Goo | November 20, 2008; 11:46 AM ET | Comments (0)

Johnny Rockets Pitches to Entrepreneurs

Hamburger and chocolate shake, anyone? The Johnny Rockets retro-style restaurant chain hosted a franchise presentation at the Tysons Corner Marriott on Wednesday for local entrepeneurs looking to learn more about the restaurant chain. Johnny Rockets, which is owned by a private-equity firm under Washington Redskins owner Daniel Snyder, is looking...

By Terri Rupar | August 11, 2008; 10:00 AM ET | Comments (0)

A Tax Day Special

Zola's got a way to make tax day better: special prices at the bar and a special drink (the bourbon-based IRS Raspberry). Oh, and no taxes. Zola, at 8th and F streets NW, also has IRS extension forms and No. 2 pencils. The deal brought in a pretty good crowd...

By Terri Rupar | April 15, 2008; 03:11 PM ET | Comments (0)

Circuit City's Losses Widen

Circuit City's woes continue. Here's the Associated Press report on its earnings: RICHMOND, Va. -- Electronics retailer Circuit City Stores Inc. on Friday reported a wider-than-expected loss for the third quarter, driven by lower extended warranty sales and restructuring costs. Circuit City shares fell 21 percent to $5.30 in...

By Dan Beyers | December 21, 2007; 08:19 AM ET | Comments (0)

FedEx Kinko's Adding 5 Locations to D.C. Area

FedEx Kinko's plans to open five new office and printing centers in the Washington region by December, part of an escalated growth strategy to build 300 new locations across the country and 20 internationally. The five centers will be located in the District, Silver Spring and Sterling. Two will be...

By Mike Shepard | August 7, 2007; 05:31 PM ET | Comments (0)

Scenes From the Scrum at Filene's Basement

It was game time this morning at Filene's Basement in Friendship Heights. The bargain basement department store's annual bridal sale is the Super Bowl of the wedding season. Dainty brides-to-be, their mothers, friends and bride's maids lined up 300 deep before 8 a.m. and rushed the doors like running backs....

By Mike Shepard | August 3, 2007; 02:38 PM ET | Comments (1)

The Art of Shaving Comes to Pentagon City

Prepping for your cameo on C-SPAN? New York-based specialty store The Art of Shaving is slated to open its first store in the region at The Fashion Centre at Pentagon City in August featuring products such as the ivory- and nickel-plated five-blade Gilette razor and an ingrown hair removal kit...

By Dan Beyers | July 10, 2007; 07:15 AM ET | Comments (0)

Under Armour To Court Women

Under Armour, the Baltimore sports apparel company, is changing up its marketing to better target female athletes, according to this story in the Baltimore Sun. Now, in addition to grunting men, the ads will feature sweating women---and what the company is calling "BoomBoom-Tap." " 'They flat out asked, "Where's our...

By Dan Beyers | July 10, 2007; 06:03 AM ET | Comments (3)

More 7-Elevens Coming Our Way?

CoStar, a Columbia-based provider of data to the commercial real estate industry, says in a news roundup that 7-Eleven plans 175 new stores in the U.S. in 2007, and is targeting Maryland, Virginia and DC among other states. On its Web site, the convenience store operator says it is looking...

By Dan Beyers | July 6, 2007; 01:10 PM ET | Comments (1)

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