Starbucks to open 2,000 U.S. stores by 2025; investing $450 million to modernize The company projects earnings per share growth of 15% to 20% annually over the next three years  Bed Bath & Beyond releases list of about 150 stores set to close Texas closings include a store [...]
Consumer spending sturdy last month. Unfazed by the end of federal unemployment benefits and other dissipating stimulus, core retail sales increased 0.7 percent in September and 13.5 percent from the same period last year. Although inflation, which climbed 0.4 percent last month, was a contributing factor to the rise, the [...]
Core retail sales reverse course in August. Shoppers remained active at the end of the summer, driven by online spending and back-to-school sales. Overall, core retail sales increased by 2.0 percent between July and August, largely due to an increase in nonstore spending of 5.3 percent. More people stayed home [...]
Consumers tapped brakes on spending last month. Core retail sales dipped 0.7 percent on a monthly basis in July. Flattening consumer confidence likely indicates that the increase in coronavirus cases due to the delta variant is impacting shopping behavior. Clothing store sales, for instance, declined 2.6 percent last month, while [...]
Campus reopenings and the return of in-person learning has the potential to lift property demand across an array of commercial real estate sectors. The resumption of a traditional school year will also represent a catalyst for economic growth with more parents seeking work as child-care challenges subside. SEE ORIGINAL ARTICLEÂ [...]
Growth remains steady. In the second quarter, the economy expanded 6.5 percent on an annualized basis. Gains would have been larger but supply-chain challenges and a labor shortage hamstrung improvement. Those issues should be transitory, however, as amplified federal unemployment benefits sunset in September. In May, 9.2 million jobs were [...]
The rapid vaccine distribution has enabled every state to mostly reopen stores and restaurants. As a result, more people are visiting brick-and-mortar locations, spurring strong consumption across the country. States that reopened first are generally performing better, but a recovery will accelerate as shoppers spend some of the $4 trillion [...]
In June, core retail sales increased 1.1 percent as Americans continued to use money accumulated from stimulus and savings. Although more spending is aimed at services due to the broad reopening, plenty of new cash in the system supported growth for traditional retailers. Nonetheless, rapidly rising inflation, which measured 0.9 [...]
Although core retail sales dipped 0.8 percent from April to May, expenditures are 15.7 percent above the February 2020 level as stimulus funds and amplified unemployment benefits flooded the economy with additional capital. Monthly gains are anticipated to be modest this year as further direct cash payments are unlikely. Only [...]
The replay of Retail Trends 2021 is now available. Danile Taub hosted a panel of industry leaders to discuss the emerging trends and investment outlook for retail real estate. Hessan Nadji delivered a market update special presentation. SEE ORIGINAL ARTICLEÂ
