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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 Spencer Jordan The retail environment in Columbus, Ohio is not just among the most unique and diverse in the Midwest, but in the nation. Columbus currently enjoys the fourth highest concentration of retail headquarters of any American city. Familiar names like Bath & Body Works, Victoria’s Secret, Express, Big Lots!…
Total Retail By Spencer Jordan At a time when the commercial real estate landscape is evolving with unprecedented speed, changes in big-box retail are an important storyline. Appreciating how and why big-box concepts have thrived in a post-pandemic environment, and understanding the logic behind decision making with regard to everything from store layouts to merchandising,…
The Crittenden Report By Linda Frabl Spencer Jordan, the SVP of Leasing for Steiner + Associates provided her perspective to this month’s Crittenden Report question: are there any new retail tenancy trends that you are particularly excited about as we enter into 2024, and why? “I see a hybrid approach to wholesale and DTC (direct…
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