To commemorate and celebrate the official start of the holiday shopping season, retail guru @Greg_Maloney will take over the @JLLNews twitter account on Black Friday, November 28th between 6am ET and 6pm ET to answer your questions on the retail industry’s performance, and share live updates from JLL-managed malls around the United States.
Shoppers’ time, peer recommendations and attention are priceless commodities that retailers are vying for year-round and even more so during the holiday season. More than 85% percent of respondents to JLL’s holiday sentiment survey expect foot traffic this holiday season to increase… Read More
The most important time of the year for the retail industry, Black Friday and now Thanksgiving Thursday, is two weeks away. New data from JLL’s 2014 Holiday Sentiment Report found that nearly 1/3 of respondents’ stores will be open on Thanksgiving Day, and that 90% of retailers expect Black Friday to generate upwards of 40% of their total annual sales. It’s likely shoppers will see even earlier openings on Thanksgiving, and bigger door buster… Read More
UPDATE: JLL Retail managed shopping centers report that late night Thanksgiving shopping excursions kept the crack-of-dawn shoppers in bed a little longer this morning. The mad dash to the mall was delayed, with most centers seeing an increase in traffic between 10 a.m. and 12 p.m., and steady shoppers since then.
Retailers within JLL Retail managed centers are reporting bustling corridors and strong sales.… Read More
Retailers across the U.S. opened their doors on Thanksgiving, giving shoppers a post turkey dinner work-out. A cross section survey of malls under JLL Retail’s management showed that Thanksgiving Thursday may have stolen Black Friday’s lime light. Several properties reported packed parking lots and lines in excess of 1,000 shoppers to get big ticket items from retailers like JCP, Target, Belk and Sears.… Read More