Tag Archives: stores

Holiday Retail Outlook: Traditional Bargain-Hunting, Rising Mobile App Use Expected to Help Boost Sales Both Online and in Stores

Credit: Simon Property Group With an extra shopping weekend on the calendar and consumer confidence standing at a 17-year high, nearly all retail analysts are anticipating very solid 2017 holiday shopping results for both online and brick-and-mortar retailers. Forecasts range from a 3.8% increase in holiday retail sales from 2016 by the International Council of

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Closing of Weakest Stores by Retailers Ultimately Expected to Benefit US Shopping Center Performance

Developers of mixed-use projects such as Sunnyvale Town Center in Silicon Valley, which will include 900,000 square feet of new shopping space, are hoping to tap into continued demand for newer high-end retail properties. The U.S. national retail vacancy rate ticked up 10 basis points for the second consecutive quarter to reach 5.2% in the

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Sunoco Exiting C-Store Business, Selling 1,108 Stores to 7-Eleven for $3.31 Billion

Sunoco LP (NYSE: SUN) is getting out of the convenience store business. The Dallas-based c-store operator and fuel distributor has agreed to sell a majority of its convenience stores to 7-Eleven Inc. for $ 3.31 billion in cash plus fuel, merchandise and other inventories. 7-Eleven is owned by Tokyo-based Seven & i Holdings Co. Ltd.

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