Report: Trade concerns, consumer spending spur US cargo imports | Commentary: Shopping center concept is changing | Development plans for Westfield Montgomery in Md. revealed
June 21, 2018
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Report: Trade concerns, consumer spending spur US cargo imports
Imports at major US seaports are on track to grow 3.8% in the first half compared to the same period last year, according to NRF. Retailers are stocking up as consumer spending increases, along with uncertainty in the wake of the Trump administration's new tariffs on goods from China.
The Wall Street Journal (tiered subscription model) (6/20) 
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Industry Tracker
Commentary: Shopping center concept is changing
Though once a place to find everything needed, the typical enclosed retail center is transforming across the country, writes Margaret R. McDowell of Arbor Wealth Management. Retail is returning to Main Street, and malls are replacing retail spaces with skating rinks, libraries and even schools.
The Ledger (Lakeland, Fla.) (6/20) 
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Development plans for Westfield Montgomery in Md. revealed
New plans for Westfield Montgomery mall in Bethesda, Md., have been revealed, and they include the addition of apartments, shopping, outdoor recreation and high-end dining. The plans would help transform the space into a lifestyle destination.
Bethesda Magazine online (Md.) (6/20) 
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A look at the development of N.J.'s American Dream
Triple Five, the third company behind the development of American Dream, the expansive shopping center in New Jersey, says the center will open in spring 2019. Here's a look back at the 16 years of development for the project.
NJ Advance Media (Morristown, N.J.) (6/19) 
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Weitzman to seek new tenants for Houston's Willowbrook Plaza
Willowbrook Plaza in northwest Houston is looking for new tenants to fill several small spaces and a junior anchor. Weitzman is in charge of the project and says it is in talks with several concepts.
Houston Chronicle (tiered subscription model) (6/20) 
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Retail News
Walmart raises $16B in bond sale to pay for Flipkart purchase
Walmart raises $16B in bond sale to pay for Flipkart purchase
(AFP/Getty Images)
Walmart has raised $16 billion in a bond issue to help pay for its acquisition of a 77% stake in India's Flipkart Group. The US-based retailer announced the acquisition shortly after revealing plans to sell its stake in UK-based ASDA, as part of a strategy to focus on markets with strong growth potential including India and China.
Bloomberg (tiered subscription model) (6/20) 
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Tim Hortons plans $100M investment in distribution
Tim Hortons plans $100M investment in distribution
(Spencer Platt/Getty Images)
Toronto-based restaurant chain Tim Hortons will invest $100 million to modernize its distribution system and open two new warehouses in Canada after franchisees complained recently about delivery delays. The company aims to finish making the improvements by 2020.
The Vancouver Sun (British Columbia)/The Canadian Press (6/21) 
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Dow to replace GE with Walgreens Boots
Dow to replace GE with Walgreens Boots
(Karen Bleier/AFP/Getty Images)
Walgreens Boots Alliance will become one of the 30 companies in the Dow Jones industrial average next week, replacing General Electric, which has been part of the Dow for more than a century. "Today's change to the DJIA will make the index a better measure of the economy and the stock market," said David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices.
Chicago Tribune (tiered subscription model)/The Associated Press (6/20) 
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