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February 11, 2013

  Top Story 
 
Auction.com to auction $20+ MM in Retail Properties
Auction.com, the Nation's Leading Online Real Estate Marketplace, are pleased to auction 12 retail properties nationwide. Auction.com, LLC. 1 Mauchly, Irvine, CA 92618, (800) 499-6199. View more licensing information here. See more info about our auctions.
  Industry Tracker 
  Retail News 
  • Gap sees progress after investing in fashion, supply chain
    Gap ended 2012 with a 6.4% sales rise, after several years of working to right-size the company and create collections from colorful jeans at Gap and Old Navy to "Mad Men"-inspired styles at Banana Republic that could compete with trendier fast-fashion rivals. CEO Glenn Murphy cut the number of U.S. stores after taking the helm in 2007, and now the company is working to expand internationally. The Wall Street Journal (2/10) Email this Story
  • Mexico's Grupo Sanborns raises $950 million
    Grupo Sanborns, the Mexican retail conglomerate controlled by billionaire Carlos Slim, raised $950 million in a new public stock offering. The company, which operates mostly department stores and restaurants, plans to use the funds for several purposes including opening new stores, remodeling existing locations and possibly making new acquisitions. The Wall Street Journal (2/8) Email this Story
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Top five news stories selected by ICSC SmartBrief readers in the past week.

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  Business Best Practices 
  • Millennials report highest stress levels
    While stress for Americans is getting better, those ages 18 to 33 report the highest stress levels, often citing worries about work and money, a survey by Harris Interactive finds. “Millennials are growing up at a tough time. ... The economy collapsed just as many of them were getting out of college and coming of age -- that does lead to a greater sense of stress,” says Mike Hais, co-author of "Millennial Momentum." Time.com (2/7) Email this Story
  News from ICSC 
  • 2013 Foundation scholarship opportunities
    The ICSC Foundation is accepting applications for graduate and undergraduate scholarships for real estate and related studies. Selected recipients receive tuition assistance and attendance at RECon, The Global Retail Real Estate Convention, in Las Vegas this May. Email this Story
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  SmartQuote 
If Columbus had an advisory committee he would probably still be at the dock."
--Arthur Goldberg,
American statesman and jurist


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