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The Daily Dirt

The Daily Dirt
therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.

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Where New York Real Estate Stands on Police Amid Black Lives Matter Protests

Where New York Real Estate Stands on Police Amid Black Lives Matter Protests
therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.

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Crowdfunding Firm Prodigy Network's Chaotic Collapse

How Rodrigo Niño’s Prodigy Network collapsed, jeopardizing the investments of thousands of out-of-pocket investors.

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5 homes for autumn on the Upper West Side, à la 'When Harry Met Sally'

Five cozy digs on the Upper West Side from which you can experience Billy Crystal and Meg Ryan’s New York.

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All Year Settles with Partner in Prospect Heights Deed Dispute


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All Year settles with partner in Prospect Heights deed dispute
Apartment portfolio to be sold to 3rd party; embattled development firm will get a third of proceeds
New York /
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A selection of the properties, from left: 1020 Pacific Street, 818 Bergen Street, 483 St. Marks Avenue and 634 Classon Avenue (Google Maps, Kings County Supreme Court/Illustration by Alexis Manrodt for The Real Deal)
Embattled development firm All Year Holdings has one less lawsuit to worry about, at least.

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White House Seeks to stop wave of evictions coming


450 West 31st Street, New York, NY 10001 Phone: 212-260-1332
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US Home Prices Soar In February


450 West 31st Street, New York, NY 10001 Phone: 212-260-1332
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This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.

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Why Retailers Close Stores Despite Great Earnings


(iStock illustration by Alexis Manrodt)
By the look of things, Best Buy had a great winter. Domestic revenue surged 11 percent in November, December and January to $15.4 billion.
But in announcing the good news, the electronics retailer said it would lay off 5,000 full-time workers and ramp up store closings. In the crosshairs are 450 locations with leases expiring in the next three years.
“There will be higher thresholds on renewing leases as we evaluate the role each store plays,” CEO Corie Barry told analysts on an earnings call.
Best Buy isn’t alone. Across the country, retailers with great earnings are consolidating stores.

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Why Retailers Close Stores Despite Great Earnings

Why Retailers Close Stores Despite Great Earnings
therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.

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