×
68 257
Fashion Jobs
MICHAEL KORS
ft Sales Supervisor
Permanent · Rockaway
MICHAEL KORS
ft Sales Supervisor, Pembroke Pines fl
Permanent · West Palm Beach
MICHAEL KORS
Sales Supervisor
Permanent · Woodbury
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · North Andover
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · East Brunswick
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Johnson Creek
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Rice Lake
KOHLS
Distribution Center Loss Prevention Manager
Permanent · Macon
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Miami
DESIGNER BRANDS
Dsw General Manager
Permanent · St. Louis Park
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Sherman Oaks
Permanent · LOS ANGELES
ADIDAS
Senior Manager Human Resources - dc Operations
Permanent · WILKES-BARRE
MACY'S
Multi-Store Lead Detective, Streets of South Point - Full Time
Permanent · Durham
CORPORATE
Manager, Infrastructure Services Delivery
Permanent · Irving
NEIMAN MARCUS
Loss Prevention Associate (ft, 37.5 Hours/wk) - Willow Bend
Permanent · Plano
ASCENA
Part-Time Keyholder
Permanent · Durham
ASCENA
Part Time Keyholder
Permanent · Kissimmee
ASCENA
pt Keyholder Sales Leader
Permanent · Cumberland
SACK OFF 5TH
Buyer, Tailored/Dress Shirts/Neckwear
Permanent · NEW YORK
SACK OFF 5TH
Asset Protection Guard
Permanent · SAN FRANCISCO
SACK OFF 5TH
Asset Protection Guard
Permanent · FARMINGTON HILLS
HOMEGOODS
70118-Loss Prevention Associate
Permanent · Los Angeles
By
Reuters
Published
Jan 2, 2010
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

General Growth net loss narrows in November

By
Reuters
Published
Jan 2, 2010

NEW YORK (Reuters) - Bankrupt shopping mall owner General Growth Properties Inc, which is seeking to surface from bankruptcy protection next year, posted a narrower net loss in November from the month before, according to a monthly regulatory filing.


Photo : AFP

The owner and operator of regional shopping centers also said revenue and operating income improved sequentially. Its shares gained 1.7 percent in early trading to $11.74.

General Growth reported revenue of $216.8 million in November and operating income of $85.2 million. In October, it posted revenue of $215.0 million and operating income of $82.4 million.

After interest expense, reorganization costs and other items, its net loss was $6.4 million, or 2 cents per share, according to the filing, narrowing sequentially from $12.6 million, or 4 cents a share in October.

General Growth filed for bankruptcy protection in April, becoming the biggest real-estate failure in U.S. history.

Simon Property Group Inc, the largest U.S. mall owner, and global property investor Brookfield Asset Management have expressed interest in General Growth, which has said it prefers to emerge as a stand-alone company.

It has exclusive rights to file a plan of reorganization until February 26. The company's board is continuing to evaluate alternatives, including a public offering of General Growth equity, to reduce overall leverage and raise the capital necessary to emerge from bankruptcy in 2010.

The U.S. bankruptcy court this month approved the payment of a 19 cent-per-share dividend, up to 10 percent of which will be paid in cash, the rest in stock.

(Reporting by Nick Zieminski, editing by Maureen Bavdek)

© Thomson Reuters 2023 All rights reserved.