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Publix Q1 profit up 4.8%
Lakeland, Fla. -- Publix reported that its profit rose 4.8% to $493.7 million in its first quarter.
Sales increased 4.1% to $7.8 billion, with a 4% increase in same-store sales.
Publix estimated that its sales were negatively impacted by 1.3% due to the later Easter this year.
Effective May 1, Publix’s stock price increased from $30.15 per share to $32.50 per share. Publix stock is not publicly traded and is available only to current Publix employees and members of its board of directors. -
Urban March
Redevelopment continues to ignite retail
One of the most fascinating aspects of our ongoing economic recovery is the paradigm shift with respect to commercial development priorities. In the wake of the recession, new development has largely taken a backseat to redevelopment as developers and retailers alike have set their sights on opportunities in core urban markets that have been historically underserved.
