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Dick’s Sporting Goods Reports 23.2 Percent Third-Quarter Sales Increase, Announces Leadership Change

Pittsburgh — Dick’s Sporting Goods reported a 23.2 percent increase in same-store sales for its fiscal third quarter that ended Oct. 31, the company’s best performance in that metric since going public nearly two decades ago. In addition, the Pittsburgh-based

…

  • November 24, 2020
  • Published in Company news, News, Pennsylvania, Retailers

Best Buy’s Comparable Sales Grow 23 Percent in Third Quarter

Richfield, Minn. — Best Buy Co. Inc. reported that its comparable-store sales grew 23 percent in the third quarter compared with the same period a year ago, a figure CEO Corie Barry called “remarkable.” The Richfield-based retailer’s third quarter ended

…

  • November 24, 2020
  • Published in Company news, Minnesota, News, Retailers

Target’s Third-Quarter Sales Grow 20.7 Percent, Shoppers Enjoy ‘One-Stop Solution’

Minneapolis — Citing its multiple shopping channels and merchandising mix, Target Corp. reported Wednesday that its third-quarter comparable sales grew 20.7 percent compared with the same period a year ago. Digital comparable sales soared 155 percent, accounting for 10.9 percentage

…

  • November 20, 2020
  • Published in Company news, Minnesota, News, Retailers

Retail Sales Growth Points to ‘Resiliency of Consumers’ Though Rising COVID-19 Cases Poses Threat, Says NRF Chief Economist

Washington, D.C. — Retail sales have been increasing month-over-month and year-over-year for every month since June, according to the National Retail Federation’s (NRF) Monthly Economic Review. Retail sales in October were up 1.9 percent over September, which beat expectations from economists surveyed

…

  • November 3, 2020
  • Published in News, Washington DC
Philadelphia Fashion District

Mall Owners CBL & Associates, PREIT File for Chapter 11 Bankruptcy Protection

Chattanooga, Tenn. and Philadelphia — Against headwinds brought on by the COVID-19 pandemic, CBL & Associates Properties Inc. andPennsylvania Real Estate Investment Trust (PREIT) filed for Chapter 11 bankruptcy protection on Sunday, Nov. 1. PREIT Philadelphia-based PREIT owns and operates

…

  • November 2, 2020
  • Published in Company news, News, Pennsylvania, Tennessee

Yum Brands Reports 8 Percent Revenue Growth in Third Quarter

Louisville, Ky. — Yum Brands reported third-quarter revenue of $1.45 billion, up 8 percent from the same period a year ago. Taco Bell reported the highest positive year-over-year growth, recording $501 million in sales, a 2 percent increase from third-quarter

…

  • October 30, 2020
  • Published in Company news, Kentucky, News, Restaurants

Starbucks Beats Quarterly Expectations, Shows Signs of Quickened Recovery

Seattle — Starbucks Coffee reports that global comparable-store sales fell 9 percent in the fiscal fourth quarter on a year-over-year basis, but the company’s performance still beat economists’ expectations. Total revenue for the Seattle-based coffee chain reached $6.2 billion in

…

  • October 30, 2020
  • Published in Company news, News, Restaurants, Washington

Stuyvesant Plaza Donates $100,000 in Gift Cards to University of Albany Students

Albany, N.Y. — Stuyvesant Plaza has donated $100,000 worth of gift cards to help students at the University of Albany buy basic needs items, professional clothing for job interviews and health and wellness services. The gift cards can be used

…

  • October 26, 2020
  • Published in Company news, New York, News, Retailers

Chipotle Reports $1.6 Billion in Third-Quarter Revenue as Digital Sales Triple

Newport Beach, Calif. — Year-over-year revenue for Chipotle Mexican Grill increased 14.1 percent to $1.6 billion for third-quarter 2020. Digital sales soared 202.5 percent to $776.4 million, accounting for 48.8 percent of sales for the period. The company’s net income

…

  • October 22, 2020
  • Published in California, Company news, News, Restaurants

Target Introduces More Safety Measures Ahead of Holiday Season

Minneapolis — Ahead of the holiday shopping season, Minneapolis-based Target Corp. is adding more safety measures for shoppers in response to the ongoing COVID-19 pandemic. Customers can download the Target app to utilize contactless payment options and employees throughout the store

…

  • October 22, 2020
  • Published in Company news, Minnesota, News, Retailers
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Industry Content

Webinar: Will Southeast Retail Investment Activity Bounce Back in 2021?

Shopping Center Business and Southeast Real Estate Business hosted "Southeast Retail Investment Outlook — Will Retail Investment Activity Bounce Back in 2021?" A panel of retail experts covered topics like the lending atmosphere,…

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Webinar: Driving Retail Income Through Specialty Leasing & Ancillary Revenue

    On October 15 Ancillary Retail hosted a webinar titled “Driving Income Through Specialty Leasing and Ancillary Revenue.” Webinar panelists shared how important it is to quickly shift strategy, not just in relation…

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Webinar: Las Vegas Retail Outlook — How is the Las Vegas Retail Sector Responding to…

  Webinar: Las Vegas Retail Outlook — How is the Las Vegas Retail Sector responding to COVID-19?  hosted by Shopping Center Business and Western Real Estate Business, covers the approaches taken by an expert…

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Webinar: Michigan Retail Outlook: How is Michigan’s Retail Sector Responding to COVID-19?

  (Panelists, clockwise from top left) Adam Tiktin, Tiktin Real Estate Investment Services; Rod Castan, Courtelis Company; Lyle Stern, Koniver Stern Group; Philip Rosen, Becker (moderator); Duane Stiller, Woolbright Development. Shopping Center…

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Industry News

  • IPA Arranges $18.2 Million Sale of Publix-Anchored Market at Standing Springs in Upstate South Carolina
  • SRS Brokers Sale of Levain Bakery Property in Washington, D.C. for $8.3 Million
  • Levin Management Negotiates Four Lease Renewals for Dollar Tree in New Jersey, Pennsylvania
  • Retail REIT Kimco Realty to Acquire Weingarten Realty Investors for $3.9 Billion
  • Tabani Group Acquires 118,967-Square-Foot McKinney Marketplace in Metro Dallas

Coronavirus News

  • U.S. Division of L’Occitane Files for Chapter 11 Bankruptcy Protection, Plans Store Closures

  • Saucy Brew Works to Open Brewpub, Coffeehouse in Detroit’s Brush Park

  • AMC Theatres Raises $917 Million of Investment Capital, Says Bankruptcy is ‘Completely Off Table’

  • Indoor Dining Expected to Resume Feb. 1 in Michigan

  • Punch Bowl Social Files for Chapter 11 Bankruptcy

  • Sameday Testing to Open Five COVID-19 Testing Sites at Westfield Shopping Center Locations

Read More COVID-19 News

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