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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

CVS to Hire 15,000 Employees in Anticipation of Greater COVID-19, Flu Cases

Woonsocket, R.I. — CVS (NYSE: CVS) intends to hire 15,000 new employees during the fourth quarter in anticipation of communities seeing greater incidences of COVID-19 and the flu during the upcoming winter months. More than 10,000 of these positions are

…

  • October 19, 2020
  • Published in Company news, News, Retailers, Rhode Island

US Retail Sales Rise 1.9 Percent in September, Beating Economists’ Expectations

Washington, D.C. — Retail sales increased 1.9 percent month-over-month in September, the U.S. Commerce Department reports. The most recent figure is 70 basis points higher than what economists surveyed by MarketWatch had forecast. Total sales reached $549.3 billion in September,

…

  • October 19, 2020
  • Published in News, Retailers, Washington DC

Sport Clips Company-Owned, Franchisees Locations Weather Pandemic, Reopen 98 Percent of Locations

Georgetown, Texas — Sport Clips Haircuts has reopened 98 percent of its more than 1,800 locations in the U.S. and Canada, the Georgetown-based company reports. At the onset of the pandemic, Sport Clips sent out a letter to landlords saying it would

…

  • October 12, 2020
  • Published in Company news, News, Retailers, Texas
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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 to…

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

The "Las Vegas Retail Outlook — How is the Las Vegas Retail Sector Responding to COVID-19?" webinar, hosted by Shopping Center Business and Western Real Estate Business, covers the approaches taken by an expert panel of…

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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

  • NewStreet Properties Sells Shopping Center in Omaha for $12.7 Million
  • Cushman & Wakefield Arranges $5.2 Million Sale of Shoppes at Cortaro Ranch in Tucson
  • Progressive Real Estate Partners Brokers $4.8 Million Sale of Former Food 4 Less Store in Corona, California
  • JLL Negotiates Sale of 94,550-Square-Foot Shopping Center in Metro Philadelphia
  • Office Depot Parent Company Rejects Staples’ $2.1 Billion Acquisition Offer

Coronavirus News

  • 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

  • Retail Sales in November Show Negative Growth for First Time Since May, Remain Higher than…

  • Outlook Management Group Partners with Local Businesses to Donate Meals to Families in Need in…

  • Comparable Sales for Ulta Beauty Drop 8.9 Percent in Third Quarter

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