Published May 24, 2010
Cassidy Turley , Children's Dental Care , Circuit City , Coldwell Banker Commercial , CVS , Developers Diversified Realty , Fresh & Easy , ICSC , Jones Lang LaSalle , Linens 'n Things , Newmark Merrill Companies , Taubman Centers , Tesco
The retail real estate industry is far from its high-flying days of 2007 and before, but most executives we spoke with at ICSC’s RECon show weren’t about doom and gloom. Things are looking up…kind of.
“We’re seeing more demand for retail space,” said Scott Schroeder, vice president of marketing at Developers Diversified Realty. “It’s good. We’re not completely back, but we’re headed in the right direction.”
Continue reading ‘ICSC: Could be Better, Could be Worse’
Published May 23, 2010
AIG , ICSC , Obama , Sarah Palin
Sarah Palin, the former governor of Alaska, said at the ICSC RECon show in Las Vegas that President Obama has an addiction problem. He’s addicted to OPM (pronounced by her as “opium”), she said, referring to an acronym for Other Peoples’ Money.
And that was the main message of her keynote speech to kick off the largest retail real estate convention in the world. The former vice presidential candidate stuck with politics and the differences between her and the Democrats rather than talk much about the retail industry like past keynotes such as former President Bill Clinton and cycling champion Lance Armnstrong.
Continue reading ‘ICSC: Sarah Palin Calls Obama an Addict’
Published May 12, 2010
ICSC’s RECon show in Las Vegas, the biggest retail real estate event of the year, is nearly upon us with the convention starting in just over a week.
A lot has changed this year. There will be no leasing mall in the Las Vegas Convention Center’s North Hall, no events in the Las Vegas Hilton, and the show is shortened by one day (ending on Tuesday), making the three-day affair an event packed with educational sessions and other happenings.
Continue reading ‘What Do You Expect From ICSC’s RECon This Year?’
Published December 15, 2009
ICSC , Michael Kercheval
The retail industry is turning around, according to Michael Kercheval, president and CEO of the International Council of Shopping Centers. But a recovery might take a little longer than other areas of the economy, he says in a report looking back on 2009.
“It could take 1.5 to 2 years before we are likely to see a full recovery in the shopping center industry,” Kercheval writes.
Continue reading ‘ICSC Sees ‘Better Times Ahead’’
Published December 4, 2009
Abercrombie , Aeropostale , Black Friday , Children's Place , Gap , ICSC , Nordstrom , Ross Stores , Saks , TJX Cos.
November’s same-store sales were released yesterday, and retailer’s results were far from overwhelming. The International Council of Shopping Centers says sales overall were actually down 0.8% year over year for the month.
Dow Jones has a pretty comprehensive list of individual retailer performance, and there are a lot of duds. Saks plunged 26.1%. Abercrombie & Fitch fell 17%. Children’s Place dropped 13%.
Continue reading ‘A Good Black Friday? Ask Abercrombie’
Published October 6, 2009
holiday sales , ICSC , NRF
Most predictions we are seeing out there call for flat or slight negative drop in this year’s holiday sales. The National Retail Federation just came out with its prediction, a 1% decrease.
The drop might not be as bad as last year, but we still think it’s extreme, considering the industry will still suffer a decline over the major 3.4% fall the NRF calculated after 2008’s numbers came in.
Continue reading ‘Prepare For a Flat Holiday’
Published September 3, 2009
If there’s not a very big showing at next year’s International Council of Shopping Centers RECon show in Las Vegas, it’s probably won’t be because of high hotel rates. The organization’s travel agency recently released convention-attendee hotel rates, and they’re pretty darn cheap.
The catch (there’s always one, right?) is that you have to book early, as many of these prices will go up this month. But the good thing is that you can cancel your room up to two weeks before your reservation.
Continue reading ‘Rooms Ain’t Spendy at ICSC’s RECon’