U.S. weekend mall traffic so far this month is higher than it was a year ago, suggesting that consumers may be improving their finances enough to boost sales for Black Friday and the 2010 holiday season.
Toys R Us is going all out for the holidays, opening over 600 new pop-up stores and hiring at least 10,000 people to expand its base for the biggest shopping season. Shoppers will also see more FAO Schwartz stores this year, as the company seeks to expand its exclusive brand.
General Growth Properties, the nation's second-largest shopping-mall operator, filed a reorganization plan, seeking to emerge from bankruptcy in October with $7 billion to $8.5 billion in new capital, the company announced Tuesday.
