Industry Headlines: July 26, 2012
- Oakridge owners hoping to expand mall into small city: The owners of the center have already brought in huge improvements, but there are tantalizing opportunities to do more. (Globe and Mail)
- Camp Old Navy: Window shopping the retail industry: The retailer prepares youngsters for a range of possibilities in the retail service. (Nashua Telegraph)
- Hong Kong is home to world’s highest retail rent: Average retail rents are over a thousand dollars higher in Hong Kong than they are in the second most expensive city, New York. (SCT News)
- Blackstone to Buy 15 Shopping Centers for $321 Million: Regency Centers in the seller. (Bloomberg Businessweek)
- Sales Of Pet Supplies Defy Economy: Here’s one segment that refuses to suffer with the economy. (MediaPost)
- Back-To-School Spending Grows As Parents Restock, Replenish Children’s Needs: A lull in last year’s back-to-school spending may lead to bigger sales this year. (NRF)
- Nordstrom pins Canadian push on former Sears locations: The closure of several Sears locations gives the U.S. retailer a chance to move north. (Globe and Mail)
- Occupy malls, not streets: Large Australian shopping centers are doing well, but neighborhood centers still suffer. (Sydney Morning Herald)
- The Dying Discount Department Store: The death of the department store may be overstated, but lower-end department stores are troubled. (U.S. News)
- Smartphones, tablets boost sales of consumer electronics: Guess which retail segment is going incredibly strong. (USA Today)
- Can ‘posh’ Olympics reboot London’s cockney East End? Will the Olympic legacy (and its associated shopping centers) be best for East End London in the long-term? (CBC)
- The rise of social media in retail: An insightful look at retail’s relationship with online networks. (The Guardian)
- Hammerson Proposes $1.4 Billion London Mall to Rival Westfield: The London mega-mall competition continues. (Bloomberg Businessweek)
- Best Buy Canada takes aim at online rivals with new pricing strategy: Aggressive price matching may make all the difference for Best Buy Canada. (Financial Post)
- Google Earth a catalyst in joint venture of REITs: A very cool story of a retail match made in Heaven. (The Globe and Mail)
