Party City faces NYSE delisting Party City has six months to regain compliance with the NYSE’s minimum share price requirement. December 20, 2022 | Retail Dive Jack in the Box signs big development deal for 37 new restaurants in four Southeast markets The markets include Nashville, Tenn.; Baton Rouge, La.; [...]
Consumers reserve discretionary buys for promotional events. Apart from several necessity-based segments, spending declined across most retail categories last month, translating to a 0.6 percent drop in sales. This is significant, considering purchasing was up 12 percent year-over-year on Black Friday, and a record $11.3 billion was spent on Cyber Monday. [...]
Federal Reserve caps off 2022 with a slimmer rate bump. In December, the Federal Open Market Committee administered a 50-basis-point hike to the federal funds rate, following four straight 75-basis-point upward adjustments. The final rate lift of 2022 brought the lower bound target range to 4.25 percent, the highest mark [...]
Velvet Taco opens in Grapevine early next year, prepares for further DFW expansion in 2023 Velvet Taco has plans to open in Deep Ellum, Rockwall, North Frisco, and Waco in early 2023; and Allen and North Fort Worth in the summer of 2023. Fazoli’s to make debut in Louisiana and [...]
The merger of Kroger and Albertsons would assemble nearly 5,000 stores under one ownership umbrella. To secure regulatory clearance, the two parties are willing to dispose of up to 650 supermarkets. It is this potential divestiture that poses the most risk for shopping center owners, with stores possibly sold in [...]
Is Amazon done disrupting retail? While Amazon still dominates online sales in the U.S., with some 40% share according to eMarketer, brick-and-mortar stores still drive 85% of all retail sales, according to the U.S. Department of Commerce. E-commerce also remains an expensive way to sell products, including at Amazon, which [...]
Hiring sustains pace in November. Employers brought on a net 263,000 new personnel in November, roughly in line with the prior three-month average. Over 4.3 million jobs have been created year-to-date, which already marks 2022 as the second-best year for employment growth in over two decades, with one month left [...]
Highlights of the video include: What congressional gridlock could mean for CRE investors How has the political environment impacted CRE returns? Why CRE delivers a premium during congressional gridlock Watch Now
Retailers applaud Congressional action to avert rail strike The bill, which passed on a bipartisan vote of 290 to 137, would force the rail companies and employees to abide by a tentative agreement that the Biden administration helped to broker earlier this year. It increased pay and allowed for more [...]
Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of an absolute net lease Circle K in Canton, Ohio according to Tim A. Speck, division manager in the firm’s Dallas office. Ryan Wolf, First Vice [...]
