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October 15, 2012

  Top Story 
 
Retail Properties Available for Auction Online
Properties include Shopping Centers, Restaurants, Supermarkets, Showrooms, Malls, and Units in metro plazas. View all retail properties available for auction.

Featured Property: Metro Plaza in Phoenix, AZ. Starting Bid: $2,100,000 Starting Bid. 100.00% Occupancy. 40K+ SF, view more property details here.
  Industry Tracker 
  • U.S. quickservice chains find a home in Peru
    The average Peruvian consumer has to travel less than a mile to find a KFC, Burger King or other U.S. quickservice restaurant. The country's fast-food market grew 15% last year as people spent more time shopping and eating at malls. "We’re starting to see the emergence of Brazil and South America being a hotbed for American restaurant franchises to go and open up," Technomic's Darren Tristano said. Bloomberg Businessweek (10/15) Email this Story
  Retail News 
  • September retail sales beat forecasts
    Retail and food sales rose 1.1% in September, higher than the 0.7% to 0.8% forecast by economists, led by higher consumer electronics sales after Apple released the iPhone 5, according to a Commerce Department report released Monday. The report also revised upward retail sales growth for July and August, to 0.7% and 1.2% respectively. Bloomberg (10/15), The Wall Street Journal (10/15) Email this Story
  • Why shoppers don't really mind the Christmas Creep
    Consumers may show scorn when retailers deck the halls for Christmas before Halloween, but a growing number of them are also taking advantage of early discounts, layaway and other promotions that make their holidays more affordable. About 40% of people with children younger than 18 start their shopping before November, according to a survey from RetailMeNot.com. CNBC (10/12) Email this Story
  • Big retailers continue to rail against swipe-fee settlement
    Big retailers including Target and Starbucks are throwing their weight behind an objection to the $6 billion swipe-fee settlement, willing to scrap a deal before accepting it, observers say. Those who favor the deal, including some of the individual plaintiff stores, contend that it should be accepted or the broken system will continue to operate. Reuters (10/14) Email this Story
  Hot Topics 

Top five news stories selected by ICSC SmartBrief readers in the past week.

  • Results based on number of times each story was clicked by readers.
  Finance & Economics 
  • Analysis: Prospects for U.S. economy truly have improved
    Despite skepticism from conspiracy theorists, data showing significant improvement in the U.S. labor market are real, according to The Economist. "Although the drop in the unemployment rate was surprisingly sharp, there is no obvious reason for it to reverse," the magazine notes. "The [Bureau of Labor Statistics] actually revised up its payroll employment figures for July and August to more robust levels, and in September found people working longer hours at higher pay." The Economist (10/13) Email this Story
  Business Best Practices 
  • 6 ways to make a business conference less boring
    Companies are spending too much money on trade conferences that are fundamentally dull, writes Eric Garland. Industries and attendees would reap greater rewards if they were willing to take a few more risks in planning and organizing events, Garland argues. "[I]f we're going to burn millions of gallons of petroleum and spend thousands of bucks for a ticket, shouldn't we expect something more exciting, unpredictable, or enriching?" he asks. Harvard Business Review online/HBR Blog Network (10/10) Email this Story
  Policy Watch 
  News from ICSC 
  • The Business of Shopping Center Law
     
    Based on papers presented at recent ICSC Law Conferences, The Business of Shopping Center Law includes commentary from seasoned industry experts and examines some of the most important legal issues facing today's professional. Topics covered include Operating Expenses, Property Acquisition, Capital Infusion, Lease Financing, Construction and Development, Green Leases, Exit Strategies and more. Buy it now in the ICSC bookstore. Email this Story
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  SmartQuote 
A horse never runs so fast as when he has other horses to catch up and outpace."
--Ovid,
Roman poet


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