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LinkedInNovember 22, 2019 | Robert Calhoun and Matt Powers (Via: CoStar) Latest Earnings Red Flags May Reflect Cracks in Labor Market, the Foundation of Consumer Spending “After seven consecutive quarters of comparable sales growth, we experienced a deceleration in our third-quarter sales,” – Macy’s CEO Jeff Gennette in a statement accompanying the retailer’s earning release. Retail was the big […]
CoStar Economy: More Signs Emerge of Flagging Business Investment
November 08, 2019 | Robert Calhoun and Matt Powers (VIA: Costar) Does the Big Drop-Off in Retail Construction and Job Openings Portend Trouble Ahead? The most notable economic release of the past week was the Institute for Supply Management survey of non-manufacturing businesses, which reported an index of 54.7 and indicated that the service sector of the […]
Regency Feeling Heat From Retail Bankruptcies
November 06, 2019|Nicolas Foster (Via: COSTAR) Confluence of Store Closures and Timing of Redevelopment Projects Are Weighing On the Retail REIT’s Near-Term Performance Regency Centers said it has been affected by elevated retailer bankruptcies, including Barneys New York. (Getty Images) Regency Centers reported results for the third quarter, saying it expects flat growth through 2020 […]