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Finance & Capital Management

  • The most expensive street in the world for retail is…

    Thinking about setting up shop between 49th and 60th Streets on Manhattan’s Fifth Avenue? Better be prepared to pay big bucks.   The upper part of Fifth Avenue is the most expensive retail street in the world (based on rental value), with rents rising to a whopping $3,500 per square foot in 2015, according to the 27th edition of Cushman & Wakefield’s report, Main Streets Across The World.  

  • Save-A-Lot to open 75 stores in fiscal 2017

    Save-A-Lot may be facing a possible spin-off from parent company Supervalu, but the chain is still bullish about its future.    Supervalu is expected to announce the fate of its discount grocery banner next week, the St. Louis Post Dispatch reported, with Toronto private equity firm Onex Corp. the leading bidder if Supervalu does pursue a sale. 

  • Study: RFID commitment doubles

    It has been a long haul, but radio frequency identification (RFID) is finally making its bones in retail.   In 2014, 34% of retailers either implemented or were in the process of adding or piloting RFID. Fast-forward to 2016, and those results have doubled to 73%, according to the “Kurt Salmon RFID in Retail Study 2016.”  

  • E-commerce giant ups holiday hiring 20%

    While most retailers haven’t upped their 2016 holiday hiring over last year, Amazon is not among them.   The e-commerce giant announced it plans to hire more than 120,000 workers in the United States this holiday season, with positions across its network of fulfillment centers, sortation centers and customer service sites.  

  • A very unusual type of grocer is expanding

    There is no fancy packaging to be seen on the shelves of Bulk Nation.    The Tampa-based grocer sells mostly unpackaged food, ranging from grains and pasta to spices and beans, all sold by weight, the Orlando Sentinel reported.  

  • How E-Commerce Impacts Retailers’ Personal Property Tax Liability

    An assessor processes your annually filed personal property tax return and assigns a value based on the cost of and age of your store fixtures. Is that assessment correct?    Increasingly the answer is “no” in a fast-changing retail environment in which online sales are turning in-store shelves into museum pieces. Online sales have increased 75.8%, to $341.7 billion, over the past five years alone. Statista forecasts that to double by 2020.  

  • Ulta Beauty steps up store expansion, raises outlook

    A sizzling Ulta Beauty wowed the Street on Thursday, announcing aggressive store expansion at a time when many brick-and-mortar retailers are cutting back. It also upped its outlook.  

  • JLL acquires Scottsdale center

    JLL Income Property Trust has purchased the Kierland Village Center in Scottsdale, Arizona, for $34.5 million. Kierland Village is an upscale development in the Phoenix suburb, which has seen a near 10% rise in population since 2000.   The 118,000-sq.-ft. neighborhood center is anchored by Safeway and houses Walgreens, Einstein Brothers, Pizza Hut, Panda Express, and a UPS Store.   The acquisition is in line with JLL’s current appetite for active, necessity-based centers.  
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