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Retail sales were flat last month after a buoyant March, the Commerce Department said on Friday, as Americans continued spending their latest round of government stimulus checks.
The pace for April was a slowdown from the prior month, when retail sales rose by 10.7 percent, as vaccinations increased and people became more comfortable outside their homes, spending more money on clothing, restaurants, bars and sporting goods. Retail sales, which experienced record drops just over a year ago at the onset of the pandemic, have been closely watched as monthly gauges of the health of the economy and the mind-set of consumers.
Heartland Real Estate Business By: Kristin Harlow On the food-and-beverage front, developer Steiner + Associates is targeting premium dining concepts, according to Spencer Jordan, senior vice president of leasing for the Columbus, Ohio-based firm. These users “can function as both a destination and an anchor for adjacent retail,” she says. Read more at Heartland Real…
Heartland Real Estate Business By Beau Arnason & Laura Wedekind Property management has evolved from traditional operations and maintenance to strategic placemaking. Today, property managers curate tenants and experiences, transforming properties into vibrant retail destinations. The competition for consumers’ dollars, time and attention–especially in the Columbus market–is greater than ever. That means no element of…
Commerce + Communities Today By Steve McLinden An excess of retail space pre-COVID yielded to a dearth of it. Now, the industry has finally started a measured march to equilibrium. Forecasts show a small uptick in new retail construction planned for 2025 and considerably more for ensuing years. When paired with rising investor interest and…
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