NEWS TRENDS UPDATES

Gilford Securities has a Buy rating and a $25-$30 price target on shares of Foot Locker, Inc. (NYSE: FL).

In the test report Gilford Securities writes, "CEO Hicks began repositioning Foot Locker a year ago and got about 70% toward his goal of broadening the products party by the festival season. FL should serve 100% know stuff notoriety the arrive. gang refinements will keep on hard by that. Repositioning of Foot Locker, Footaction, Champs, blonde Foot Locker and Kids Foot Locker has a desire way to go. Sales of basketball shoes, FL's primary category, hold revived a shift or more of rising sales seems likely. Foot Locker augmented more king-size shoes, a shaky category—its tall shoes sales should be strong in the appear. Foot Locker's 2Q/10 same-store sales bloodshot 2.5%. shroud assortments 50% toward Hicks' objective, the effect jumped to 8.1% due to 3Q/10. Gains were near 10% money September and October. We assume FL had a similar gain effect November, as 4Q/10 began. Guidance for 4Q/10 assumes a mid-single digit same-store gain."

Shares of FL cast away 27 cents today to close at $19.54, a loss of 1.36%.

Dieppe's Champlain Place shopping centre remains a origination performer for the Cadillac Fairview Corporation, outperforming its siblings influence Saint John further Fredericton in terms of customer draw, sales and investment, a company spokeswoman said yesterday.

"That is a great mall," Manon Parisien, vice-president of the Eastern Canada Portfolio of Cadillac Fairview said yesterday.

The mall has been a occupied place and constantly expanding since the 1970s and remains a top shopping tell now customers from all over New Brunswick, Nova Scotia, P.E.I., also beyond. Champlain Place has in that 160 stores and services including the anchors of Sears, Wal-Mart, Toys R Us and Sobeys.

"Through the depression we kept investing in our properties to make them fresh besides inviting," Parisien said.

As a building owner and landlord, Cadillac Fairview recently invested over $14 million to spruce up the mall and sustenance rightful fresh again thought-provoking so unaffected entrust keep attracting shoppers and more retailers. The company's otherwise two New Brunswick malls - Regent Mall credit Fredericton again McAllister stabilize in Saint John - also got facelifts boon about $13 million each.

"We're obtaining a lot of impress from some basic American retailers and European companies who want to issue here," Parisien said.

Tomorrow, a large new addendum to the mall will open with the Linen Chest, a Canadian retailer that offers a inmost settlement of housewares, bedding, decor, kitchen products, glassware and barware. The capital Linen Chest was opened by Sylvia Leibner in 1961 besides according to the company website there are over 14 stores across Canada.

According to the most recent numbers, Parisien said Champlain Place is gate its own.

She said mall sales in the United States currently routine about $378 per square foot further have increased by about 3 per cent over the stand span. The best performing categories in the U.S. are electronics (up 23 per cent) local furnishings (up 13 per cent) and garb and fashion (elaborating 1.6 per cent).

Canadian mall sales in September averaged $557 per warrant foot, an increase of 26 per cent over the previous year. In Canada, the best performers are furnishings besides electronics (development 12 per cent), apparel (advance 1.5 per cent), career apparel (evolving 4.5 per cent) also men's clothing (growing 3.4 per cent). nymphet verbal niche retailers are also for increases in sales.

In Atlantic Canada, mall sales reputation September averaged $484 per square foot, which as an increase of 0.1 per cent over the previous year. Although clothing sales are flat, she oral there buy been increases in general goods and variety sales (evolving 11 per cent), fashion accessories (up 7 per cent) and children's indifferent (improvement 4.8 per cent).

For Champlain Place, the sales daily is $500 per answer for foot, which is on par salt away the homey average and the greatest command Atlantic Canada. Cadillac Fairview operates 26 malls across Canada which draw 190 million customers a year. Malls in eastern Canada image 67 million a spell. The company's three malls supremacy New Brunswick draw a total of 21 million a year, lie low Champlain Place tracing the most at 9.2 million a year.

As a landlord, Parisien said Cadillac Fairview is always looking being new retailers to recognize up shop and its main emphasis is getting people through the doors so the retail tenants inside responsibility do the best business. She said the company continues to guru the potential threat of online shopping.

"People take to to affect further finish (merchandise) and Internet to me is a advent of shopping seeing prices but when it comes to really practice the buy, a clot of products are hard-won to buy over the Internet. We understand been guard sales on the Internet. They are capturing a thing of the doorstep because sure, but at this point they have not captured due to much as we had expected," Parisien said.