News

September 21, 2017
Halloween spending to reach record $9.1 billion

With more people celebrating, Americans will splurge on costumes, candy and pumpkins for a record $9.1 billion in Halloween spending this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. The figure is up 8.3 percent from last year’s previous record of $8.4 billion. “Ameri... »

September 21, 2017
Here’s how much shoppers will spend this holiday season

Consumers are expected to spend about $728.40 on gifts and other items this holiday season, according to a new survey from the International Council of Shopping Centers (ICSC). ICSC forecasts a 3.8 percent year-over-year growth in retail sales for this holiday season. In addition, new ICSC research shows that consumers continue to demonstrate th... »

September 21, 2017
Is Bodega the next retail disruptor?

Last week, a San Francisco startup shook the retail industry with a bold claim — it plans to make bodegas and corner mom-and-pop shops obsolete. In an interview with TechCrunch, Bodega co-founder Paul McDonald argued that there are only two options today when it comes to shopping. “You can go to the store or you can order something online. ... »

September 21, 2017
A Second Act For Strip Malls

The times they are a’changing, and if consumers insist on using the internet to shop, shopping center landlords will have to repurpose their retail properties. Where holiday shoppers might have once seen stores and food chains, strip malls are now adding ice skating rinks, fire pits and programmed entertainment, like annual tree lightings, to ... »

September 20, 2017
Shoppers Plan to Spend 25 Percent More at Small Businesses Next Year, New Study Finds

More than a quarter of U.S. consumers say that they’re likely to shop at small businesses more often in 2018 than they did in 2017, according to a recent survey from Vistaprint (NASDAQ:CMPR). The survey results, which the company released today, offer several takeaways that should have small business owners feeling optimistic about the future.... »

September 20, 2017
FedEx CEO: I doubt e-commerce will ever dominate retail

Amazon (AMZN) may be disrupting retail amid the “e-commerce revolution”, but FedEx (FDX) CEO Fred Smith says the transformation may not be as disruptive as many investors think. “E-commerce is not going to eliminate the retailing sector of the country. It’s about 10% now. It’s certainly going to grow as a percentage. But will it be hal... »

September 20, 2017
Grasshopper Kiosks debuts kiosks for dispensing cannabis

Grasshopper Kiosks is launching its latest series of ADA-ompliant automated sales kiosks designed for the legal cannabis industry. The kiosks provide automation for the storage and dispensing of regulated products, according to a press release. Grasshopper's automated sales kiosks were designed to work in accordance with regulations in the l... »

September 20, 2017
Holiday sales forecasts indicate strong growth for retailers

(Reuters) - Early holiday sales forecasts are indicating a largely stronger season for retailers than last year, helped by higher online sales and increasing spending power due to a strong labor market. Deloitte said it expects holiday sales to grow 4 percent to 4.5 percent over last year’s shopping season. Less than 11 percent of the $1.04... »

September 20, 2017
U.K. Retail Sales Exceed Forecasts as Consumers Stir

U.K. retail sales rose in August at their fastest pace in four months, providing further evidence of a tentative pickup in consumer spending. The quantity of goods sold in stores and online increased 1 percent from July, as did sales excluding auto fuel, the Office for National Statistics said Wednesday. The increase far exceeded the median fore... »

September 20, 2017
Forest City firms up deal to sell New York-area specialty retail to Madison International Realty

CLEVELAND, Ohio -- After a year of discussions, Forest City Realty Trust, Inc., has inked a deal to sell its stake in 12 New York-area retail properties to a joint-venture partner, Madison International Realty. The billion-dollar deal is scheduled to close in late 2017. Madison will buy out Forest City's 51 percent interest in the properties, wh... »

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