Great news for people living in Lake Park, celebrity chef David Burke has opened 2 restaurants there! They do look great, I checked the menus.
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Retail sales were up again in February, for the 5th straight month. The answer is that it is all being driven by luxury shoppers, the few people left that can still afford to spend.
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Discount retail concepts are also thriving. Ross Stores, which includes DD’s Discounts, is going to open 110 stores this year. 85 will be Ross Dress For Less and 25 will be DD’s Discount stores.
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www.costar.com/article/9196...
RETAIL Today!! Fitness concepts are doing very well these days. Here we see Planet Fitness looking to open another 200 stores this year!
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A project including retail was planned in the AG Reserve land at Boynton Beach Blvd. & 441 but met fierce opposition fm residents & is being scaled back. It was supposed 2 have a Costco but unknown where things stand now
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Speaking of malls, they have become mirrors of the U.S. economy. Malls in affluent areas are thriving while malls elsewhere are struggling.
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The largest mall owner in the U.S., Simon, warns of lots of retailers heading to bankruptcy. No one knows this better than they do, as they are privy to all of their tenants sales numbers.
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I can almost hear people celebrating in West Palm Beach with the announcement of Trader Joe’s coming! They are going to kill it there!
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While we have yet to see this in Florida, retail anchor spaces around the U.S. are being replaced by high end private clubs. I could definitely see this happening here and very soon!
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In January retail sales were up, but not by much. It is the 4th month in a row they have risen, defying the slumping economy.
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Santander Bank has chosen Miami as the 3rd physical location in the world for its digital banking concept called Openbank.
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The pilot testing wasn’t up to snuff so McDonald’s is shutting down all units of the fledgling CosMc’s concept.
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For the first time in 4 years there is more retail space coming available than there is being leased (negative absorption).
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Happy MonYAY!! Retail today!! With consumers pulling back their spending, lots of retailers are folding. That has led the most available retail space in 2 years.
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This could be the tipping point for pushing the US into recession, affluent shoppers, who supposedly had been propping up the economy w their spending, are now pulling back their spending thanks to the trade tariffs.
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www.globest.com/2025/04/14/o...
Looks like the discount / off-price retailers will come out on top of the tariff trade wars. The reason? They don’t buy directly fm other countries, just fm other U.S. stores that do.
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This's the most amazing retail stat I've seen in yrs if it's true. Somehow Manhattan’s retail availability has dropped to its lowest level since 2017. When I was there just months ago there were entire blocks w all stores empty
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Today we go with retail! Here is a cool article about how Papa Johns is using AI to improve in many ways. Very interesting and surprising ways to use the cloud.
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Another interesting application of AI by a big retailer, to monitor and forecast produce. Seems like it will be a big improvement too.
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But when the economy struggles discount retail chains thrive, so it isn’t that surprising that Five Below is looking to open 150 stores this year.
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All these retail stores closing, more closing than opening for the first time in years, has led to a 2 year high in national retail vacancy rates.
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Retail today! Even shopping centers in good markets like West Boca Raton can fall into foreclosure. I bet they had a low rate expiring mortgage that they had trouble refinancing.
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It is really cool how some retailers, like City Furniture, are helping themselves through technology. Check out how they are using 3D imaging, I am sure everyone will be using it soon.
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Dollar Tree has finally sold Family Dollar for $1 billion dollars, a big retail deal!
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At this point there is no question that the retail market is quickly weakening, thanks to consumer pullback as a result of trade tariffs.
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Today is the day for retail! Looks like Simon Property Group’s gamble on Forever 21 will be a loser, as the company files for bankruptcy for the 2nd time and plans to close all stores.
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Apple announced a huge commitment to invest in the US, to the tune of $500 BB dollars over the next 4 yrs. It's expected to create 20,000 jobs & bring home a lot of manufacturing that had previously been done in China.
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Excellent news here, retailers have found a way around tariffs! They are turning to AI, of course, the answer to just about everything these days, for help with sourcing and procurement.
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Today we turn back to retail! CVS is debuting a smaller size store format, with plans to open 12 this year. They are about 5,000 SF and will focus on prescriptions, no groceries, merchandise or greeting cards.
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U.S. malls have gotten some much needed love from foreign retailers expanding in the U.S. like the Spanish company Mango and the Canadian company Aritzia, among many others.
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