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October 17, 2012

  Top Story 
  • Shopping centers in Brazil are booming, conference told
    The shopping center industry in Brazil is expanding at a rapid pace and still has plenty of room for growth, attendees at the Conference of the Americas heard this week. Economic and population factors make Brazil an ideal place for new malls to thrive, and experts see no signs that the trend will slow down in the near future. SCT Newswire (10/17) Email this Story
Terry Bradshaw Features PLAYTIME soft play areas on Today in America TV "Realistic features, whimsical creatures, and our most beloved favorites," reports Bradshaw. PLAYTIME's ability to re-imagine the common play area and turn it into a fantastic, interactive experience has enabled retailers to drive sales and build brand image. Watch
  Industry Tracker 
  • Canada seen as prize territory by U.S. developers
    Canada's prospects for retail expansion are bright, and U.S. developers are turning their gazes northward, attendees at ICSC's Canadian Convention were told this week. Target plans to open up to 200 stores in Canada starting next year, Wal-Mart has plans for an additional 73 stores, and other retailers and REITs are making their own expansion plans. SCT Newswire (10/16) Email this Story
  • JV buys seven grocery-anchored centers for $104M
    A joint venture between Vastgood Properties LLC and an affiliate fund managed by Prudential Real Estate Investors has acquired seven grocery-anchored retail centers for $104 million. The properties are located in southern Pennsylvania. CoStar Group (10/16) Email this Story
  • Investors see bright spots in Europe's malls
    Europe's malls are attracting a growing number of shoppers, making them attractive to investors including the Norwegian sovereign-wealth fund, which last week paid $561.4 million for a 50% stake in the Meadowhall shopping mall in Sheffield, England. Direct investment in European retail property hit €6 billion in the third quarter, compared to €3.9 billion in the previous quarter, according to Jones Lang LaSalle. The Wall Street Journal (10/16) Email this Story
  • Florida retail centers pursue renovations
    Retail centers in southwest Florida are experiencing a wave of renovations to attract and retain tenants. Most of the renovations are being done at the larger centers, such as Naples Plaza in central Naples where the 56,000-square-foot Publix is being rebuilt. Naples Daily News (Fla.) (10/15) Email this Story
  • October retail sales expected to increase despite flat week
    There was stronger customer traffic at grocery, department and apparel stores as well as wholesale clubs for the week ending Saturday, according to the International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index. However, the index was essentially flat overall. October industry sales are expected to increase 3.5% to 4.5%. Fox Business/Dow Jones Newswires (10/16) Email this Story
  Retail News 
  • Holiday spending outlook bright
    Americans expect to spend about $500 on Christmas and other holiday gifts this year, a new survey found, an outlook that is stronger than last year's. The survey found the top two gift choices this year are gift cards and clothing. Drug Store News (10/15) Email this Story
  • Holiday marketers have Pinterest on their social lists
    Brands as diverse as Sephora and the Boston Celtics are pinning their holiday hopes on social media sites such as Pinterest, which is valued for its outsized influence on purchase behavior. "Our Pinterest referrals spend 70% more than nonsocial channels, including search," says Wayfair's Jane Carpenter. NBA franchises such as the Celtics as well as Major League Baseball are using Pinterest despite the site's female skew. Adweek (10/16) Email this Story
  Finance & Economics 
  • Obama and Romney battle over economy, taxes
    President Barack Obama and Republican challenger Mitt Romney engaged in a highly anticipated second debate on Tuesday. The candidates focused on the economy, taxes, security and social issues, and, unlike in their first debate, they repeatedly interrupted and contradicted each other. While Romney was largely seen as winning the first debate, the outcome of the rematch was less clear. The Wall Street Journal (10/17), Bloomberg (10/17), Reuters (10/17) Email this Story
  Business Best Practices 
  • How morning exercise can pump up your whole day
    Exercising first thing in the morning can give you more energy all day and give you a reason to quit hitting the snooze button on your alarm, TJ Chasteen writes. "If your mornings are slow -- I encourage you to evaluate your waking routine and see if you can incorporate a jolt of exercise energy!" Dumb Little Man (10/15) Email this Story
Only those who will risk going too far can possibly find out how far one can go."
--T.S. Eliot,
American-British writer

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