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October 5, 2012

  Top Story 
  Industry Tracker 
  • Woolworths to spin off 69 retail centers into separate unit
    Woolworths will spin off 69 retail centers into a separate listed unit. The move will bring in $870 million in cash. The retailer is focused on growing earnings from its core business, hence its decision to reduce the capital invested in property, Chief Executive Grant O'Brien says. Reuters (10/5) Email this Story
  • Retail REITs still delivering solid yields
    Retail’s growth strength bodes well for REITs in this space, as well as investors, Brad Thomas writes. The FTSE NAREIT regional mall subsector has an average dividend yield of 2.85%. Forbes (10/5) Email this Story
  • Other News
  Retail News 
  • Retailers praise this week's Paris shows
    Designers showed off their latest collections in Paris this week, and retail buyers approved the cropped jackets, slim pants, tunics, oversize shirts and lower heels from Balenciaga, Givenchy, Saint Laurent and Dries Van Noten. “Paris presented one of the most highly anticipated seasons in years,” said Colleen Sherin, senior fashion director at Saks Fifth Avenue. Women's Wear Daily (subscription required) (10/4) Email this Story
  • Report: Target to take sales from some, benefit others
    Target's entrance into Canada next year is likely to challenge rival retailers including Sears Canada, Wal-Mart and Canadian Tire, but it's not all bad news for the country's retailers. The northward move by the US-based chain may be a good thing for merchants such as Dollarama and other discounters that sell a different mix of goods, according to a report from Barclays Capital. Financial Post (Canada)/Canadian Press (10/1) Email this Story
  Business Best Practices 
  • Why you need to ditch multiple morning alarms
    If you want to start getting up on time in the morning, get rid of multiple alarms so you're not giving yourself a "safety net," Thorin Klosowski writes. Training yourself to get up with the first alarm helps you "form a solid morning routine, and you end up having more energy throughout the day," he writes. Lifehacker (10/1) Email this Story
  News from ICSC 
  • The Business of Shopping Center Law
     
    Based on papers presented at recent ICSC Law Conferences, The Business of Shopping Center Law includes commentary from seasoned industry experts and examines some of the most important legal issues facing today's professional. Topics covered include Operating Expenses, Property Acquisition, Capital Infusion, Lease Financing, Construction and Development, Green Leases, Exit Strategies and more. Buy it now in the ICSC bookstore. Email this Story
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  SmartQuote 
Trust that little voice in your head that says 'Wouldn't it be interesting if ...'; and then do it."
--Duane Michals,
American photographer


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