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
Sears Holdings Corporation has submitted plans to the City of Aventura for the redevelopment of the Sears property at Aventura Mall into an exciting open-air village that will feature retail, restaurants, offices and a hotel.
Esplanade at Aventura will be a complete redevelopment of the 12.3 acres owned by Sears Holdings that currently features a Sears full-line store, Sears Auto Center and adjacent surface parking areas. The proposed new development will include approximately… Read More
JLL has expanded its retail brokerage practice in Northern California with the addition of Jamie Kendall as Vice President. Jamie will be based in the firm’s San Francisco office, and will partner with the firm’s existing retail, agency leasing and investment sales teams to help maximize the value of retail assets for JLL’s growing client base in downtown San Francisco. Kendall will… Read More
The Atlanta, Charlotte, Nashville and Mobile markets’ growing population and workforce are leading to a resilient retail economy, says JLL’s John Bemis this week attending the ICSC Southeast Conference in Atlanta.
Four years from now, you’ll see fewer traditional supermarkets as consumers spread their spending across multiple grocery stores. JLL Retail shares how shifts in the grocery landscape are impacting the sector and what you can expect in the next decade on Fox TV: http://bit.ly/1wlRvxW
New York News
Halloween comes only once a year, much to the disappointment of costumed, candy-hoarding kids — and much to the relief of their parents. For years, retailers and mall owners would’ve largely sided with the kids: Halloween brings increased sales, but only for one month a year and only for certain kinds of shops.
The retail sector embraces the business version of a sugar high by using… Read More
It wasn’t too long ago when the outlook for Chicago grocery could politely be called ‘uncertain,’ with the shuttering of Dominick’s 72 stores at the end of 2013 as the most visible sign of this. But that picture is changing, says Peter Caruso of JLL.
What’s the current state of the Chicagoland grocery landscape?
Peter Caruso says: Extremely competitive! As competition in the grocery… Read More
Foreign retailers are flocking to Australia to invest in bricks and mortar after finding their feet online, according to retail experts at JLL. E-commerce adoption in Australia is high – largely because of its remote geography – and online shoppers spend more per purchase than anywhere else in the world. As a result, city… Read More
The burgeoning middle class of China is traveling abroad more often and spending more money when they do, and homegrown retailers want to make sure they get a share of that business. JLL’s Tom Gaffney, explains which markets Asian retailers are targeting in this short video.
JLL’s Craig Killman is attending the ICSC Western Division Conference today in San Diego, and takes a closer look at the Los Angeles retail corridors:
- What types of retail properties are investors seeking in Los Angeles?
The two hottest categories in Los Angeles right now are specialty food-anchored neighborhood centers and high street retail. Major… Read More