ICSC Cuts May U.S. Same-Store View

The International Council of Shopping Centers said U.S. retail sales in May are so far coming in worse than originally expected. It now expects sales during the month to be up 2% to 2.5%. The group had previously forecast an increase of about 3.5%…

Tefron Undergoes Management Changes

Tefron Ltd. appointed Ilan Gilboa as executive vice president for operations and customer support. The company also announced the departure of Amit Tal as chief marketing officer, who has resigned and chosen to take a position with another company…