Aerial View is a weekly industry recap that provides a snapshot of relevant retail news from around the nation and in our region.
National View
US Restaurant Count Down by 5,204 From Last Year, Reports NPD
The recession is not letting up on restaurants. The industry saw 5,204 closures between Spring 2010 and the same period in 2009, according to a report by the NPD Group.
http://www.restaurantnews.com/us-restaurant-count-down-by-5204-from-last-year-reports-npd/
Fewer parents cutting back-to-school budget
According to a survey released by Deloitte parents do not plan on cutting back on their kids’ back to school shopping. Instead, they will rely on social networking to find the best bargains.
http://www.msnbc.msn.com/id/38426235/ns/business-consumer_news/
Retail Leasing Continues to Strengthen, But Investment Activity Remains Sluggish
With consumers beginning to spend again, retailers are recognizing growth in sales. This growth is leading to an increase in leasing activity and overall occupancy in retail centers.
The New Normal: Americans Cutting Back — Even If They Don’t Have To
According to a recent study by Deloitte and Harrison Group consumers are focused on cutting back on their spending habits due to their uncertainty about the economy.
National Chart View
Inventories Rise as Retail Sales Sag
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Regional View
Tenants at Marple Crossroads eager to welcome Walmart
Tenants located in the Marple Crossroads Shopping Center are enthusiastic about this national retailer joining the mix.
Apple to open Center City store
Apple will open its first retail store within the city of Philadelphia on Friday at 5pm. The store will be located at 1607 Walnut Street.
http://www.philly.com/philly/business/technology/20100727_Apple_to_open_Center_City_store.html
Wegmans opens a 3d giant store in Philadelphia suburbs
The sixth Wegmans in the Philadelphia region opened in Malvern, PA this past weekend.
Regional Chart View
Top 5 Philadelphia Market Leaders
Retailers selling the largest amount of food in the eight-county area in the year ended March 31, 2010.
SOURCE: Food Trade News
Fameco View
FAMECO Named Leasing and Sales Agent for Two New Jersey Shopping Centers
Plymouth Meeting, PA.— Fameco Real Estate, L.P., is pleased to announce that it has secured both the exclusive leasing and sale assignments for the Bordentown Shopping Center and the Delran Shopping Center.
Philadelphia Phun Phact
Philadelphia was the birthplace of American opera, with William Henry Fry's “Lenora” (1845) probably the first public performance of an opera by an American composer.
Source: http://www.tripcart.com/usa-regions/Eastern-Pennsylvania,Fun-Facts.aspx#Guide||||||Top||||||||
Did You Know?
The first credit card was issues in 1951
In 1950, Diners Club and American Express launched their charge cards in the USA, the first “plastic money”. In 1951, Diners Club issued the first credit card to 200 customers who could use it at 27 restaurants in New York. But it was only until the establishment of standards for the magnetic strip in 1970 that the credit card became part of the information age.
See: History of credit cards
Source: http://didyouknow.org/creditcards/
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The Power of Retail
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