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Four Forces That Will Propel Retail Investment Sales in 2014
The recession took a major toll on the retail real estate sector but, despite waffling consumer confidence, the sector continues to improve. Retail now accounts for 19% of total U.S. investment volume year-to-date 2013.
Retail experts from Jones Lang LaSalle predict four key forces that will drive an increase in the retail transaction market during 2014:
1. Strengthening Fundamentals
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Lululemon shares slide thanks to Q4 expectations
Lululemon’s increases in net revenue, gross profit and comparable-store sales beat expectations, but shares slid after the company said it anticipates flat comparable-store sales in the fourth quarter.
According to reports, shares dropped 10.7% to $61 after the company posted its financial results for the third quarter ended Nov. 3, which saw net revenue increase 20% to $379.9 million from $316.5 million in last year’s third quarter. Comparable-store sales in the quarter increased 5%.