Simon Property increases full-year forecast after strong quarter | Taubman to begin development on $315M Fla. retail center | Grocery store for senior citizens in Japan had strong opening day
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April 27, 2012
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London top retail market; retailers' global footprint grows, CBRE says
London is back to being the top destination for international retailers, after sharing the title with Dubai in 2011, according to CBRE. Other trends noted in the property adviser?s report: Nearly three quarters of the 200 cities examined reported at least one new retailer entering the market. Also global retailers? presence grew 2.1% in general in foreign markets. SCT Newswire (4/26) Share: Email
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.
 
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Simon Property increases full-year forecast after strong quarter
Simon Property Group has increased its full-year forecast, citing higher occupancy rates and rents at its retail centers. The REIT also posted a better-than-expected first quarter, which also bolstered its outlook. Reuters (4/27), International Business Times (4/26) Share: Email
Taubman to begin development on $315M Fla. retail center
Taubman Centers has announced plans to begin development on an 880,000-square-foot retail center in Sarasota, Fla. The project, at University Town Center, will cost approximately $315 million. Tenants will include Saks Fifth Avenue, Macy's and Dillard's. Commercial Property Executive (4/25) Share: Email
Grocery store for senior citizens in Japan had strong opening day
Aeon Co., a Japanese supermarket chain, has opened a store whose products are aimed at senior citizens. The store, located in Funabashi, Chiba Prefecture, had 5,000 people lined up on its opening day. The Mainichi (Japan) (4/25) Share: Email
Unibail Rodamco retail revenues make up for weak office performance
Unibail Rodamco reported a rise in its first quarter revenue, thanks to its retail centers in Western Europe. This growth counterbalanced the weakness exhibited in the European REIT?s office portfolio. Reuters (4/26) Share: Email
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Retail News
Common traits of successful retailers
Building trust and winning a reputation for consistency and loyalty to customers are three attributes common to a list of successful retail companies from Wal-Mart and Kohl's to Nordstrom and Ralph Lauren, this story illustrates. Forbes (4/24) Share: Email
Will consumption in BRIC countries catch up to the U.S.?
American consumers significantly slowed their spending after the credit bubble burst; meanwhile, consumers in poorer developing countries saw their spending power rise. Collectively, consumption in Brazil, Russia, India and China is on track to surpass the U.S., according to IHS Global Insight. The New York Times (tiered subscription model) (4/25) Share: Email
U.S retailers should find success in Canada, Colliers report says
U.S. retailers should find Canadian consumers open to their business, as conditions in the country are ripe for an expansion, according to Colliers International Consulting. It predicts a growth in U.S. outlet retail centers in Canada, especially as similar Canadian stores have not had the same success as those in the U.S. The Toronto Star (4/26) Share: Email
CEO's Apple store epiphany inspires J.C. Penney's strategy
Changes at J.C. Penney stores under CEO Ron Johnson have their roots in an epiphany Johnson had while planning the first Apple store. Johnson's plan to merchandise Apple's gadgets according to customer lifestyle rather than product category is mirrored in Penney's ongoing transformation aimed at appealing to younger customers, writes Walter Loeb. Forbes (4/26) Share: Email
Business Best Practices
How to connect with the powerful, the famous and the everyman
No matter who you're trying to connect with, seven basic networking strategies can be applied, Scott Dinsmore writes. Be genuine and persistent, but most importantly always look to offer something of value. "If you spent 100 percent of your waking hours thinking about how you can help absolutely everyone. ... The world will suddenly be in your corner." he writes. Forbes (4/25) Share: Email
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Alfred, Lord Tennyson,
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