Overall retail investment sales during the quarter totaled $19.2 billion—an increase of a whopping 104 percent from the third quarter of 2012, according to data provided by Real Capital Analytics (RCA), a New York City-based research firm.
A recent study by global consulting firm A.T. Kearney found that in spite of the prevalence of omnichannel retailing, the bulk of U.S. consumers’ time is still spent shopping in brick-and-mortar stores.
For the eighth quarter in a row, retail vacancies barely moved between July and October 2013, signaling some lingering weakness in the sector, according to third quarter reports from multiple industry sources.
Spooked by lackluster forecasts for holiday sales growth, U.S. retailers cut one- and two-year store opening plans in August, according to the National Retailer Demand Monthly report produced by RBC Capital Markets.
While Neiman Marcus is largely viewed as a well-performing chain in one of the stronger sectors of retailing, its limited growth potential might make it difficult for the buyers to make a profit on their investment, some consultants say.
Bill Ackman's intentions were good—that much members of the retail community agree on. But it doesn’t sound like anyone in the industry is going to shed tears over the supposed end to Ackman’s retail career.
While the country’s last remaining big-box bookseller is nowhere near its final days, many in the retail industry were hoping the buyout would disentangle Barnes & Noble’s core business from its money-bleeding Nook venture and allow the company to find a winning formula.