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October 19, 2012

  Top Story 
  • Conference panelists: Latin America is prime for retail real estate
    Latin America's growing middle class and healthy macroeconomics make the area fertile ground for retail real estate, and Brazil, Chile, Uruguay and Peru are in the AT Kearney global retail development index's top 10, said officials, including ICSC's vice president of global development Jorge Lizán, at the Conference of the Americas. However, hurdles including fiscal and import restrictions and a shortage of skilled workers still plague the retail industry in Latin America, but efforts such as ICSC's educational programs are helping. SCT Newswire (10/18) Email this Story
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  Industry Tracker 
  • Ambitious retail project planned for Times Square site
    A Times Square development site in New York City traded for $430 million. The buyers are the Witkoff Group, an investment unit of Vector Group LTD, Maefield Development, Infinity Urban Century and Winthrop Realty Trust. The new owners plan to build a 10-story, 130,000-square-foot retail structure and 500-room hotel tower. CoStar Group (10/17) Email this Story
  • Grocery-anchored retail centers are hot again
    The appeal of grocery-anchored retail centers is returning after national investment sales dropped to $600 million in the first quarter, from $2 billion in the third and fourth quarters of 2011. Two major portfolios have traded, suggesting a resurgence. CoStar Group (10/17) Email this Story
  Retail News 
  • Retailers take aim at online rivals with private labels
    Retailers from Macy's to Family Dollar are fighting off the rising showrooming trend with private-label lines customers won't find anywhere else, industry experts say. "The need to aggressively innovate and develop recognizable brands has resulted in an increased focus on quickly, efficiently and effectively creating products," said Citi analyst Deborah Weinswig. Forbes (10/18) Email this Story
  • Will retailers' anti-showrooming strategy backfire?
    Best Buy and Target both have launched price-matching programs in a push to combat showrooming, but some industry watchers say the devil may be in the details. Both programs require shoppers to not only ask for the lower price but prove on the spot that they can get the item cheaper online. The Wall Street Journal (10/18) Email this Story
  Finance & Economics 
  • "Fiscal cliff" could trigger recession, 15 CEOs warn
    The chief executives of 15 of the biggest U.S. financial companies warned in a letter to President Barack Obama and Congress that failure to head off the "fiscal cliff" could lead to a sharp rise in interest rates, a downgrade of America's credit rating and recession. JPMorgan Chase CEO Jamie Dimon said he will "do whatever it takes" to persuade Congress to find a way to prevent massive spending cuts and tax increases from automatically taking effect at the beginning of next year. The Washington Post (10/18), Market News International (10/18), The Hill/On the Money blog (10/18) Email this Story
  Business Best Practices 
We wander for distraction, but we travel for fulfillment."
--Hilaire Belloc,
Anglo-French writer and historian

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