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Regional mall REITs take on e-commerce
New York -- While online retail sales continue to rise, regional malls continue to generate profits, according to an SNL Financial LC analysis.
The U.S. Census Bureau has estimated that retail e-commerce sales for the second quarter of 2013 grew by 4.9% over the prior quarter to $64.8 billion, an 18.4% gain over the preceding 12 months. Still, e-commerce accounts for less than 6% of retail sales, according to SNL (www.snl.com).
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Call for Entries: Chain Store Age’s Retail Store of the Year Design Competition
New York -- Chain Store Age invites retailers, design firms, architects and suppliers to submit entires for its 33rd annual Retail Store of the Year design competition. For more information and an entry form, click here.