A British study forecasts major decline in the number of retail shops. Will the US see a similar decline? Will increasing Internet sales and declining retail stores cause a reduction in malls? Stay tuned. Here is the London Telegraph’s story: CONSUMER AFFAIRS 20pc of shops to shut by 2018 By Christopher Hope, Senior Political Correspondent ONE in five shops — … Read More
The heart of the retail shopping district is shifting away from the suburbs and back to downtowns. Good news for cities, and more bad news for suburban malls.
Large regional mall players, including Simon, Taubman, Macerich Co., CBL & Associates Properties and others, have all made overtures to enter the outlet space. But with limited opportunities for development and an existing group of experienced landlords already competing there, these battles—competing press releases, wars of words and unconventional partnerships—are likely to continue to play out repeatedly throughout the country
MIPIM, the European property industry’s annual conference and marketplace, had fewer exhibitors this year and showed a stark difference, from a UK perspective, in confidence of the three main property sectors – residential, commercial and retail.
Wal-Mart Stores Inc faces a critical hurdle this week in a long-standing battle to build a second Chicago store, this one at a shuttered steel site called Pullman Park on the Far South Side.
November 2, 2009 — New York Daily News — Wal-Mart’s mission to open a bunch of new stores in urban areas in the U.S. has the retail behemoth setting its sights on the Big Apple, the Financial Times reports. Saint Consulting found the number of people who would oppose a new Wal-Mart in their neighborhood dropped from 68% two years … Read More
By Jay Vincent, Regional Vice President – Midwest, The Saint Consulting Group In our continuing series of Saint Model Outcomes, this case study looks at retail redevelopment and campaigning against an opposition referendum. Our client filed plans to build a retail complex with a 65,000-SF anchor, along with various retail out-parcels of 20,000-SF. The site slated for this expansion was … Read More
Tesco has been busy trying to figure out what American consumers want. The company’s latest answer is adding about 1,000 new items to shelves of its Fresh & Easy stores. The typical Fresh & Easy currently carries roughly 3,500 items. “This isn’t about changing the concept of Fresh & Easy,” Jonathan Church, a spokesperson for Tesco, told Reuters. “What we’ve … Read More
April 04, 2009 Retail Express CONSUMER POLL PUTS C-STORE APPROVAL UP 12 PER CENT C-Stores are more popular than ever and budget supermarkets are the best of the rest, according to a recent survey into the public’s attitude towards development. An annual survey of 1,000 people by planning specialists Saint Consulting saw the approval rating for convenience stores jump to … Read More
A report in Sunday’s Chicago Tribune pretty much confirms Jesse McKnight’s posting earlier this month about Wal-Mart making a concerted efforts to build stores in parts of the country that have traditionally been off limits to the big boxes. While Wal-Mart has been in the spotlight for trying, mostly unsuccessfully, to plant its flag in the city of Chicago, the … Read More
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