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October 22, 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 
  • Taubman receives Edward H. McNamara Award
    A. Alfred Taubman is the latest recipient of the Goodfellows' Edward H. McNamara Award, an initiative of the Old Newsboys’ Goodfellow Fund of Detroit. Taubman is a major contributor to the University of Michigan and serves on dozens of civic group and corporate boards. The Detroit News (10/20) Email this Story
  • New Yorkshire mall aims to dispel U.K. retail gloom
    The £350 million Trinity Leeds shopping center will be the biggest retail project to open in Western Europe when it debuts 120 new shops in a single day next year. The million-square-foot Yorkshire mall is 82% leased, with future tenants including Primark, Topshop and Urban Outfitters. The Telegraph (London) (10/21) Email this Story
  Retail News 
  • U.K. shoppers use mobile phones for research
    Two-fifths of Britain's consumers still prefer to shop in a brick-and-mortar store, but that doesn't mean their mobile gadgets aren't increasingly a part of the experience. A quarter of smartphone users and more than one-third of tablet owners use the devices to do research before they head to the shops, according to a survey from YouGov. The Telegraph (London) (10/19) Email this Story
  • Retailers roll out holiday deals earlier than usual
    Retailers are rolling out aggressive holiday deals and promotions even earlier this year, in an effort to convince consumers to spend more than they did last year. The average shopper plans to only spend $9 more than the $740 they spent in 2011, according to a survey for NRF from BIGinsight. “For consumers, they’ve already figured it out. They know how much they want to spend, and they know how much they want to save,” said NRF spokeswoman Kathy Grannis. The Washington Post (10/19) 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 
  • Survey: 27% of consumers see better finances ahead
    In a SymphonyIRI EconoLink survey, 27% of shoppers said they expect their finances to improve in the coming year, while 21% said they believe their financial situation will worsen. The report describes six categories of shoppers, ranging from downtrodden to savvy. Robert Tomei, president of consumer and shopper marketing for SymphonyIRI Group, said, "[A]ll segments will continue to practice prudent shopping patterns, such as buying on deal, choosing store brands over national brands, and researching offers online." Progressive Grocer (10/19) Email this Story
What we need is more people who specialize in the impossible."
--Theodore Roethke,
American poet

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