| May 2, 2012 |
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- ICSC supports online sales tax measures
The International Council of Shopping Centers is supporting efforts to pass federal and state measures to require online retailers to collect sales tax. Malls, which have seen traffic and sales slow as more consumers turn to online shopping, say that requiring the tax on e-commerce purchases would level the playing field. The Wall Street Journal
(5/1) 
 | Learn how retail and commercial real estate organizations use place-based decisions to manage change and grow profitability. Speakers from Jones Lang LaSalle, Kohler, and more will discuss location analytics at the Esri Business Summit in San Diego, July 22-24. See the summary of last year's presentations by Starbucks, Edward Jones, and others. |
- Sternlicht: Starwood unlikely to repeat $1B portfolio purchase
Starwood Capital Group CEO Barry Sternlicht says the company's $1 billion acquisition of seven U.S. retail centers from Westfield Group is not likely to be repeated. The transaction hinges on a bet that interest rates and inflation will remain low, he says. "We can add additional malls to the portfolio, but this is a one-off," he said. Bloomberg
(5/1)
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Sternlicht: Real estate debt bubble is building: A debt bubble is forming in some real estate markets as competition for this paper intensifies, says Barry Sternlicht, CEO of Starwood Capital Group. The trend is dangerous, he said, because it's unclear where interest rates will be in two years. Bloomberg
(4/30)
- General Growth FFO rises in Q1 as tenant sales increase
General Growth Properties reported an increase in funds from operations for the first quarter. It cited rising tenant sales and growth in consumer spending as part of the reason. The REIT reported FFO of $222.1 million, or 22 cents a share, from $208.2 million, or 21 cents, in the same period last year. Bloomberg Businessweek
(5/1)
- Traffic picks up at U.S. malls
U.S. malls have seen a decline in foot traffic as more consumers shift spending to the web and consolidate trips in the face of higher gas prices, but many shopping centers are reporting bigger crowds since the start of the second quarter. CNBC
(5/1)
| Retail News |  |  |
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- Retailers grapple with effects of unexpected weather
A mild winter and early spring in many parts of the U.S. resulted in retail markdowns during the winter months followed by higher-than-expected demand for spring apparel. While some retailers plan to cut inventories in anticipation of a repeat next season, others are less focused on Mother Nature and more concerned about the effects of Europe's double-dip recession on planned international expansion. CNBC
(4/30)
- Wal-Mart, Target, Kmart, Kohl's celebrate half a century
Few in 1962 realized that four retailers born that year would eventually change the way Americans shop. Forbes looks back at the early days of Wal-Mart, Target, Kmart and Kohl's, all of which turn 50 this year. Three of the brands began life as lower-priced offshoots from established retail chains, while Sam Walton started Wal-Mart from scratch. Forbes
(4/30)
| Business Best Practices | | |
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- How to get more from LinkedIn
Tap into five features on LinkedIn that can help you expand your network, Kristin Burnham writes. For example, LinkedIn suggests contacts you might already know and offers a visual presentation to better understand your network, she writes. CIO.com
(5/1)
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| The Buzz(CORPORATE ANNOUNCEMENTS)
What do Garfield and Cookie Monster have in common? It’s PLAYTIME! With new exclusive licensing agreements with Sesame Workshop and PAWS, Inc., PLAYTIME invites family-friendly retail and shopping centers to bring the iconic Garfield and Sesame Street characters to life using gorgeous 3D, soft foam indoor play elements in 2012. More
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