High Street Sales – Discount Shopping Channel http://discountshoppingchannel.com/ Mon, 24 May 2021 06:55:15 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 http://discountshoppingchannel.com/wp-content/uploads/2021/05/discount-shopping-channel-icon-150x150.png High Street Sales – Discount Shopping Channel http://discountshoppingchannel.com/ 32 32 Weekly in Review: Notable Local Stories from the Past 7 Days | News from the three states http://discountshoppingchannel.com/weekly-in-review-notable-local-stories-from-the-past-7-days-news-from-the-three-states/ http://discountshoppingchannel.com/weekly-in-review-notable-local-stories-from-the-past-7-days-news-from-the-three-states/#respond Sun, 23 May 2021 06:00:00 +0000 http://discountshoppingchannel.com/weekly-in-review-notable-local-stories-from-the-past-7-days-news-from-the-three-states/

Soldier’s remains returned to southwestern Wisconsin after 70 years

LANCASTER, Wisconsin – Seventy years after being reported missing in action, U.S. Army Sgt. 1st Class Nicholas J. “Jack” Valentine’s remains are coming home.

A motorcade of motorcycles and other vehicles delivered the remains of Valentine’s Day to Martin Schwartz Funeral and Crematorium in Lancaster on Friday, ahead of the funeral next week in his hometown of Cassville, Wisconsin.

“It gives a kind of peace after being lost for so many years,” said Lynn Lang of Peosta, Valentine’s niece.

Born March 1, 1928, Valentine graduated from Cassville High School and enlisted in the military, after which he was sent to serve in the Korean War.

He was reported missing in action on December 6, 1950, near the Chosin Reservoir in North Korea. He was presumed dead in 1954, but his remains were not found until August 2018. His remains were subsequently identified on March 16, 2021, according to the office of Governor Tony Evers, who ordered that the flags of the State will be half-hoisted on Tuesday, May 25, when Valentin will be laid to rest in St. Charles Catholic Cemetery in Cassville.

The Dubuque pizzeria moves to the countryside of Peosta in place of another restaurant

PEOSTA, Iowa – A staple Dubuque pizzeria is moving to a new home outside of Peosta, taking over from another popular restaurant.

The owners of the Town Clock Inn will be opening a new physical location at 7653 Old Highway Road, where the Junction 21 restaurant and bar is currently located. Junction 21 will close on Saturday, May 22.

Town Clock Inn co-owner Irene Nelson said she hopes the new location will open by the first or second week of August.

Even moving away from its eponymous downtown building, the Town Clock Inn name will stick, along with the pizza recipe used for over 50 years.

“It’s just super exciting,” said Nelson.

The closure of Dubuque Main Street from the Town Clock Inn was announced on April 29. The restaurant has been in business there since 1970 and has been in the same family for three generations.

Dubuque Reaches $ 1.8 Million Settlement With Former Police Captain The Town of Dubuque has reached a $ 1.8 million settlement with a former police captain who sued the town and the chief of the police Mark Dalsing in 2019 on the grounds of sex discrimination, harassment and retaliation.

Abby Simon’s lawsuit claimed that in 2016 and 2017 she was barred from a promotion to captain despite achieving better test and interview scores than the two men who received the promotions. In addition to the discrimination against her, the prosecution alleged that there was a broad problem of sexism and discrimination in the department.

The lawsuit sought an unspecified judgment which “would fully and fairly compensate (Simon) for his injuries and damages” and any other remedy deemed appropriate.

The $ 1,832,499 settlement agreement, approved by city council members Monday evening, includes payments of $ 975,000 to Simon for emotional distress claims and $ 47,778 in wages.

Simon’s attorney, Fiedler Law Firm, of Johnston, Iowa, receives $ 727,221 for attorney fees, and the Iowa Municipal Police Fire and Retirement System receives $ 82,500 to satisfy a lien included in the lawsuit.

The city will pay a $ 20,000 deductible as part of the settlement. The remainder will be paid for by the Iowa Communities Assurance Pool, a self-insurance organization for public entities in Iowa.

Simon frees the city and Dalsing from all claims and dismisses the lawsuit, according to the settlement.

The settlement agreement states that the payments constitute “no acknowledgment of liability” on the part of the city.

City and state engage as residents of Dubuque attempt to tackle the growing chasm

Robert and Barbara Friedman have lived for years with a sinkhole growing next to their house.

In September 2018, the hole first appeared on their property at 2792 Tiffany Court in Dubuque. Since then, the crater-shaped hole has widened to the point that it now touches the Friedmans garage, causing damage to their home and creating a perennial safety issue for themselves and their neighbors at 2784 Tiffany Court.

“We’re always worried that someone will fall in there,” Barbara said. “There’s always a chance that could happen, and it’s scary to think about it.”

After nearly three years and many unsuccessful attempts to plug the hole, the Friedmans had begun to accept it as an unhappy part of their life.

However, hope for the end of the sinkhole was rekindled after members of Dubuque city council this week approved a deal with the state of Iowa to initiate a remediation project to seal it.

City makes deal with the Iowa Department of Agriculture and Land Stewardship whereby the state will cover the costs of closing the sinkhole – that is, if an effective method can be found .

“We are working with the State of Iowa and other professionals in the field to develop a remediation plan,” said assistant city engineer Robert Schiesl. “Many of the proven engineering practices that have been successful in the past have not worked to date.”

Candy maker Dubuque plans major expansion and relocated retail space

A Dubuque confectionery company plans to double production, increase staff and create a new flagship outlet.

Betty Jane Candies will soon launch an expansion project that will allow the company to keep pace with growing demand, according to President Drew Siegert.

“Over the past 16 to 18 months, we’ve seen demand far exceed what we’re capable of producing,” he said. “We focused on our top selling products and made sure we could keep them in stock all the time. This means that some of our other products have been missing. “

The plan is based on a renovation of the company’s facilities at 3049 Asbury Road, which currently serves as a production site as well as its main retail space. Siegert said Betty Jane Candies plans to halt retail sales there and instead use the entire building for production.

Due to opposition from residents, plans were scrapped for bobcat hunting in Dubuque County

The Iowa Department of Natural Resources has suspended plans to allow bobcat hunting and trapping in Dubuque County in response to negative public comments.

Earlier this year, the state agency solicited comment as it considered adding Delaware, Dubuque and Jones counties to the list of areas where fur fisherman license holders could catch a bobcat. per season.

The State Natural Resources Commission recently approved the addition of Delaware and Jones counties to the list of 55 counties in Iowa where it is already legal. Dubuque County was not taken into consideration.

If the Legislative Assembly’s Administrative Rules Review Committee does not object, the new rules will come into effect on July 21 before the next fur harvest season, which runs from November 7 to January 31.


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Clothing store sales soar 25% as shoppers return: ONS http://discountshoppingchannel.com/clothing-store-sales-soar-25-as-shoppers-return-ons/ http://discountshoppingchannel.com/clothing-store-sales-soar-25-as-shoppers-return-ons/#respond Fri, 21 May 2021 16:20:00 +0000 http://discountshoppingchannel.com/clothing-store-sales-soar-25-as-shoppers-return-ons/

EASING restrictions on non-essential retail have led to increased spending following the latest lockdowns, new figures show.

Sales in April jumped 9.2 percent from March, with clothing stores proving particularly popular, jumping 25.3 percent, according to the Office of National Statistics (ONS).

Compared to April 2020, during the first nationwide lockout that left shopping streets deserted, sales rose 43.4% and also rose 9.9% from last month before the Covid pandemic -19 does not hit.

Despite the return of shoppers to stores, the ONS said it has seen long-term trends emerging from the pandemic that look set to stay.

It revealed that exclusively online retailers were the biggest winners in the pandemic, with sales up 56% from April 2019 and gas station sales down 13.3% from a year ago. is two years old, as homework and reduced travel hit the industry.

There were signs that reopening pubs and restaurants to alfresco dining was starting to impact food sales, with volumes falling 0.9% in April, after three months of growth. But sector sales remain 8.6% higher than in February 2020.

Cardiff retailer Jonathan Hughes-Lewis, owner of Johnathan David Jewelers, said downtown retailing is definitely on the rise, but footfall has yet to regain pre-pandemic levels .

Mr Hughes-Lewis said retailers noticed the boost restrictions were immediately lifted.

“The first three weeks there was a strong pent-up demand. We were busy and it was a bit like Christmas for a lot of retailers, but it got a little easier. ”

The Morgan Arcade store, reopened as soon as restrictions permitted on April 12, and had taken interim measures online during the second lockdown.

“Due to the nature of our business, the Internet is not easy because they are tangible goods that people love to feel and touch. But as of November, we were online. Everything went well, it had nothing to do with normal sales figures – it was a little something extra.

Hughes-Lewis doesn’t think comparing the numbers to 2020, when most sectors of the economy were shut down for long periods of time, has any value, but said this year’s sales have kept pace with 2018 / 19, and he was pleased with the monthly growth in activity on his shop site.

With uncertainty about overseas travel remaining, it seems, Hughes-Lewis believes retailers are seeing the benefits.

“We sell a lot of longer times. I think people have nowhere to go and probably won’t do it for another few months.

“It seems we sell at least one engagement ring a day, and wedding rings, I think people want to celebrate that they can come out.

“But the traffic in the city center is still pretty low compared to what we’re used to, but I think that will increase as things start to relax.”

READ MORE:

According to ONS data, a non-foreclosure buyer across the UK focused on clothing to enjoy new freedoms, including outerwear and knitwear, compared to shopping habits of era of wearing comfortable clothes to be stuck inside.

Non-essential retail in Wales and England has been allowed to reopen from April 12, with Scottish stores expected to wait until April 26.

The easing of travel restrictions led to higher fuel sales, with gas stations registering a 69.4% increase from March. This means that retail sales have now risen in the past three months as life begins to return to normal.

But with the stores reopening, online retailers across all industries have seen sales plummet as shoppers opted to ditch their computers and smartphones and head to Main Street, the ONS added.

Helen Dickinson, Managing Director of the British Retail Consortium, said: “Demand built up during the lockdown continues to be released as the reopening of non-essential retail has provided the public with a welcome opportunity to visit many of their favorite stores.

“Improving weather conditions in April translated into increased fashion sales, especially in outerwear and knitwear, as the public refreshed their wardrobes and considered meeting their friends and family. family outdoors.

“Online sales also continued to perform well, rewarding retailers who had invested in their online and delivery operations during the pandemic.”

But the boss of the retail lobbying group said the number of buyers on main streets is still down 40 percent and 530,000 retail workers remain on leave.

Additional reports: PA


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COVID-19: Helping High Streets As Retail Sales Rise After Lockdown | Economic news http://discountshoppingchannel.com/covid-19-helping-high-streets-as-retail-sales-rise-after-lockdown-economic-news/ http://discountshoppingchannel.com/covid-19-helping-high-streets-as-retail-sales-rise-after-lockdown-economic-news/#respond Fri, 21 May 2021 15:03:37 +0000 http://discountshoppingchannel.com/covid-19-helping-high-streets-as-retail-sales-rise-after-lockdown-economic-news/

Retailers benefited from an increase in sales, as stores labeled as non-essential were able to emerge from forced winter hibernation in April.

Figures from the Office for National Statistics (ONS) showed volumes rose 9.2% last month from March after COVID-19[female[feminine restrictions were lifted from April 12 in England and Wales and two weeks later in Scotland, releasing a pent-up demand after months of closures.

Growth has been much better than economists had expected and marked the start of a recovery for a sector that has experienced one of the greatest employment suffering during the crisis to date, such as Sir Philip Green’s . Topshop empire and Debenhams be erased from city centers.

COVID updates live from UK and around the world

The response was led by fashion and other non-food stores.

The ONS saw an almost 70% jump in apparel sales on a monthly basis, supporting company updates like Primark and Superdry that they achieved record sales levels as checkouts came back to life.

Online sales fell 5.6% month over month, although the report said exclusively online retailers were the biggest winners during the crisis to date, with sales rising by 56% compared to April 2019.

Gas stations are among those suffering the most from working from home, leading to a 13.3% drop in sales.

The crisp numbers said the recovery of the industry as a whole in April left sales volumes 42.4% higher than a year earlier and 10.6% above their pre-market level. crisis, but there was evidence to suggest that pent-up demand had now peaked.

ONS deputy national statistician Jonathan Athow said: “Clothing sales have climbed almost three-quarters as consumers take advantage of the opportunity to visit physical stores.

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“Not surprisingly, overall online sales have fallen, but still remain high.”

One retailer that updated its performance on Friday since reopening its 1,000 stores in the UK was Card Factory.

The greeting and gift card chain revealed strong demand from April 12, but said store sales on a like-for-like basis in the five weeks remained slightly down compared to the same period in 2019.

The numbers are supported by evidence that the economic recovery, after the worst annual performance in more than 300 years, has gathered pace since March.

It was helped by wealthier households who were able to accumulate savings throughout the crisis, although high street stores will be competing with restaurants, pubs and vacation businesses for a share of that premium.

A measure of consumer confidence released by GfK on Friday found levels at their highest level since March 2020 – recovering all the ground lost by the pandemic.

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“ There is a future for the main street ” – Theo Paphitis

Lisa Hooker, Consumer Markets Leader at PwC, said of the ONS figures: “The good news for the high streets is that there is no sign of a permanent shift to online shopping, the proportion of internet sales rising from a high of 34.7% in March. up to 30% when stores reopen.

“Retailers hope that momentum continues through the rest of the spring and summer, as Britain continues to unblock and consumer confidence grows with warmer weather and the rapid and continued rollout of retailers. vaccines. “


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UK retail sales boom as high street stores reopen http://discountshoppingchannel.com/uk-retail-sales-boom-as-high-street-stores-reopen/ http://discountshoppingchannel.com/uk-retail-sales-boom-as-high-street-stores-reopen/#respond Fri, 21 May 2021 14:19:12 +0000 http://discountshoppingchannel.com/uk-retail-sales-boom-as-high-street-stores-reopen/

UK retail sales beat expectations this morning, although currency traders largely took the surprise of the data in their wake.

A

s we thought it might be, sales were much warmer than expected in April, the first period that covers the reopening of Main Street retail stores. The growth figure for retail sales of securities jumped to 9.2% month-on-month (more than double the consensus of 4.5%), with sales also 42.4% higher year-on-year previous, when the UK was in the first nationwide lockdown. Excluding the volatile component of fuels, sales also rose 9% MoM, the third largest increase on record. Clothing sales experienced a particularly astonishing boom, jumping 70% from the previous month.

The British pound briefly bounced off the news, although the move proved short-lived. We believe this is in large part because investors view the economists’ consensus as a very conservative consensus which, like the March figure, massively underestimated the impact of an easing of lockdowns. on consumer spending. All signs point to the UK economy rebounding very well after the slowdown at the start of the year and that a strong recovery is to be expected in the second quarter. This morning’s UK PMI data provided further evidence of this. The services index remained slightly below expectations, although it still hit an almost 8-year high of 61.8, while manufacturing activity exploded to a record 66.1, well above the consensus of 60. With most countries still lagging behind the UK in easing restrictions on viruses, we see room for a further rise in the pound, particularly if the data ahead continue to indicate such a solid rebound in activity.

Eurozone PMI data points to strong second quarter rebound

The dollar was generally weaker against most of its peers on Thursday as investors continue to look past the high US inflation of the past week. EUR / USD climbed back above the 1.22 level, although the pair has found difficult gains to come so far this morning, despite a set of Eurozone PMI numbers. The service and industrial indices both beat expectations, pushing the composite index to 56.9 in May, its highest level since February 2018. Fears of a third wave have subsided and the program With the EU’s vaccination campaign in full swing, investors are equally optimistic about the euro. The zone’s economy is poised to rebound well in Q2 after contracting in Q1. The most important barometer for the EUR / USD will be whether we start to see a narrowing of the economic performance gap between the US and the Eurozone as the latter initiates further loosening of foreclosure restrictions. . US PMI data this afternoon will be a major test of this hypothesis.


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UK retail spending skyrockets as economy reopens http://discountshoppingchannel.com/uk-retail-spending-skyrockets-as-economy-reopens/ http://discountshoppingchannel.com/uk-retail-spending-skyrockets-as-economy-reopens/#respond Fri, 21 May 2021 11:47:00 +0000 http://discountshoppingchannel.com/uk-retail-spending-skyrockets-as-economy-reopens/

UK buyers bought new clothes in April after stores reopened after months of lockdown closures, adding to signs of a robust economic recovery, official data showed on Friday.

Sales volumes in April jumped 9.2% month-over-month – twice the average predicted in a Reuters poll of economists and the biggest increase since June – after rising 5.1 % in March. Clothing sales jumped almost 70%.

“Fashion retailers (were) the ultimate beneficiaries of the reopening of the beer gardens and the return of the ‘six night rule’,” said Aled Jones, director of retail at Lloyds Bank.

Bank of England policymakers are watching retail sales closely, expecting spending to increase as wealthier households spend savings accumulated during lockdowns.

The central bank forecast this month that the economy will grow 7.25% this year after falling nearly 10% in 2020, its biggest drop in more than 300 years.

But unlike previous recessions, unemployment has remained low so far, thanks to an expensive government holiday program that has benefited millions of employees.

Separate data on Friday, from Britain’s longest-running consumer sentiment survey, showed morale in May had returned to where it was just before the country was first locked down in March 2020. read more

A man walks a dog outside a closed store ahead of the scheduled reopening next week, amid the coronavirus (COVID-19) outbreak in St Albans, Britain on April 8, 2021. REUTERS / Peter Cziborra

The Bureau of National Statistics said retail sales in April were 10.6% above their pre-pandemic level. However, many large-scale stores have suffered badly from the repeated lockdowns that have accelerated the move to online commerce.

Department store Debenhams closed its last store this month after more than 240 years of negotiation and its brand was purchased by online retailer Boohoo (BOOH.L). Read more

Retailers such as clothing and furniture stores that the government has classified as non-essential were only able to reopen to buyers in England on April 12, after being forced to close in early January.

The share of online retail spending fell to 30.0% in April from 34.7% in March, its lowest since December. Spending at supermarkets also edged down during the month, as restaurants reopened for outdoor dining.

Sales volumes last month were 42.4% higher than in April 2020, when they collapsed during Britain’s first coronavirus lockdown, the ONS said.

Consultants Capital Economics said sales growth is likely to stabilize now that spending is above pre-crisis levels.

“The economic recovery will continue. It’s just that it will be driven by increased spending in pubs, restaurants and cinemas rather than stores,” said UK chief economist at Capital Economics, Paul Dales.

Our standards: Thomson Reuters Trust Principles.


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South Anchorage’s legendary Kempton Hills garage sale is making a big comeback this weekend http://discountshoppingchannel.com/south-anchorages-legendary-kempton-hills-garage-sale-is-making-a-big-comeback-this-weekend/ http://discountshoppingchannel.com/south-anchorages-legendary-kempton-hills-garage-sale-is-making-a-big-comeback-this-weekend/#respond Fri, 21 May 2021 00:59:35 +0000 http://discountshoppingchannel.com/south-anchorages-legendary-kempton-hills-garage-sale-is-making-a-big-comeback-this-weekend/

Last year, Andy Ball first participated as an owner in the Kempton Hills neighborhood. garage sale. He sold furniture, books and clothes. Friends also came to sell their things.

“I’m a little nervous to hear that the year has been slower than usual because it was quite busy,” Ball said. “There were a lot of people here last year for sure. But neighbors told me, “Oh, that’s not normal, it’s a COVID year.” And I said “Oh, shit”. “

About 30 to 40 homes participated in 2020 due to the pandemic, said Heather Jacobson, president of the Kempton Hills Homeowners Association. But on Saturday, she expects about half of the homeowners in the South Anchorage neighborhood, which has nearly 200 homes, to attend the annual garage sale.

The Kempton Hills Garage Sale has been going on for approximately 35 years. For many, it’s a social outing. Hundreds of residents flock to the area, some towing Radio Flyer cars on the sidewalk. Others carry suitcases and strollers to fill up with finds.

And find that they are: toolboxes. Toys. Kayaks. Halloween decorations. Layers. Bicycles. Dinnerware sets. Moose antlers. Trampolines.

From newborn clothes to ball gowns, it’s all there.

“You kind of see the milestones, because people stay in these homes for a long time,” said Jacobson, who has lived in the neighborhood since 2013.

In addition to families selling their household items, some are using the high volume of traffic to their advantage to support fundraising efforts. In the past, Girl Scout troops and soccer teams sold popcorn and hot dogs.

This year, however, there will be no prepared food for sale due to COVID-19, Jacobson said. Portable toilets and hand washing stations will be available.

Andy Ball is backing some of the things he plans to sell at the annual Kempton Hills Garage Sale on Wednesday, May 19, 2021. The popular neighborhood event will take place this year on Saturday, May 22. (Loren Holmes / DNA)

In the past, neighboring neighborhoods have lined up their garage sales to coincide with Kempton Hills, ”she said.

Candlesticks line the street, with cars packed on either side of Kempton Hills Drive.

Parking on the outskirts of the neighborhood is a better approach than walking through it, Jacobson said: Not only will you have a hard time finding parking, but you’ll likely make traffic worse.

“Come in, hop on foot, and bring your cart or whatever else you might want to take home your treasures,” Jacobson said.

Additionally, people tend to walk on the road at times, making it difficult for attempts to drive through the neighborhood, Jacobson said.

“There is so much foot traffic,” she says. “We’re just doing our best to keep everyone safe.”

Another tip: don’t be an “early riser,” Jacobson said. The sale does not officially start until 9 a.m. on Saturday.

In addition to selling some of his own items this year, Ball is selling furniture for his parents, who are downsizing. His friends drive on a U-Haul, full of furniture and “purged” items.

“We live right around the corner – like, we’re the first house when you get to Kempton Hills,” he said. “So we like to play the part. Usually, if I don’t have things to sell, I let my friends and parents sell their stuff. “

A sign for the annual Kempton Hills garage sale is seen on a fence on Wednesday, May 19, 2021 (Loren Holmes / ADN)

Ball said he had attended the sale before as a customer, probably “three or four times,” picking up “knicky-knack type things” but nothing worthy of “Antiques Roadshow” – yet.

He scored a free guitar amp with a familiar story.

“I posted it on Facebook like, ‘Wow, look what I just got for free at the Kempton Hills garage sale,” ”Ball said. A friend of mine on Facebook said to me, ‘Wait, this looks like my old amp.’ “

Turns out it was. His friend’s father had put it on the sidewalk as a present.

“It’s a really cool event,” Ball said. “I’m always trying to find my place in this.”

In this 2016 photo, people roam the Kempton Hills neighborhood in search of bargains at the neighborhood’s annual garage sale on May 21, 2016. The event typically packs the neighborhood with people and cars. (Bob Hallinen / DNA archives)


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Retail Advisor David Dochter opens up about impact of COVID on downtown DC – Commercial Observer http://discountshoppingchannel.com/retail-advisor-david-dochter-opens-up-about-impact-of-covid-on-downtown-dc-commercial-observer/ http://discountshoppingchannel.com/retail-advisor-david-dochter-opens-up-about-impact-of-covid-on-downtown-dc-commercial-observer/#respond Thu, 20 May 2021 18:32:58 +0000 http://discountshoppingchannel.com/retail-advisor-david-dochter-opens-up-about-impact-of-covid-on-downtown-dc-commercial-observer/

Washington, DC-based Dochter & Alexander Retail Advisors recently conducted a comprehensive overview of retail units in downtown DC and along retail corridors including Georgetown and 14th Street, in examining the impact of the pandemic on the retail sector.

Its results showed vacancy rates of 22.6% for Downtown DC, 16.6% for Georgetown and 11.0% for 14th Street. Compared to the winter 2020 numbers before COVID, these numbers have almost doubled in all three markets.

But there is good news on the horizon. Over the past year, at least 196 retail and restaurant tenants have actively sought space for rent in Washington, DC, demonstrating widespread confidence among retailers in the long-term viability of DC as a working environment. live and leisure.

David Dochter, Principal and Co-Founder of Dochter & Alexander Retail Advisors, spoke with Commercial Observer about the impact of the pandemic on these three submarkets and why there is optimism for 2021 and beyond. of the.

Commercial Observer: How would you characterize the state of the retail market in Washington, DC, today?

David Dochter: If you look through the markets we studied, when there is a neighborhood with a residential community and street shops, the performance is better than the downtown market or [central business district] of DC This is because the immediate population base represents activity and pedestrian activity. In the city center, you really have very little pedestrian activity at the moment. You may have 10% office space and no tourism activity to speak of. So it’s just a lot quieter. Georgetown and 14e Street have generally received good news due to their location in residential areas.

What do we see in Georgetown?

Even before the pandemic, there was a lot of pressure on retail and retail concepts, which had an effect on Georgetown [as] some closings were more portfolio focused than representative of the health of Georgetown’s immediate market. There is an ongoing development in retail, and this change has put pressure on many shopping streets resulting in an increase in vacancy on 14e Street and Georgetown.

But now we are seeing a huge increase in demand and activity. Much of this is driven by the evolution I mentioned above, with brands aimed directly at the consumer that may not have had a storefront in the past but have built a beautiful business model in line. I think the trends to come will be consistent with that, where those brands that haven’t established a physical presence are going to start establishing one. You get the experience, you hit the brand, and you have the halo effect in terms of the customer base you reach.

What do you think of downtown DC?

The city center has certainly been hit hardest in terms of vacancies. If you look at what drives downtown, it’s mostly offices, tourists, hotel rooms, and metro traffic. None of these are active at this time. They’re coming back, and we’re studying this closely to see what the trends look like, but downtown has been hit harder than the surrounding markets.

There really is an opportunity for brands and concepts that weren’t working before the pandemic, and an ability to recreate. It’s fresh clay to shape what the future of retail will look like. People will come back to the office, tourists will come back to the streets, so that the business models that work can come in and take advantage of the available density.

Why is there so much space available?

Along with the permanent retail closings, many other businesses have temporarily closed their doors, in a bid to wait for the worst of the pandemic. Ghost space is also in the market, defined as retail space occupied by tenants, but for various reasons available for rent. It really is the culmination of the pressure on retail before the pandemic, made worse by the closure due to the pandemic that has occurred. A perfect storm of sorts. However, this vacancy is starting to be absorbed and I think the retail landscape will be better because of the renaissance that is happening.

What trends do you see with rents?

In general, retail businesses charge rents in the city center [D.C.], Georgetown and 14th Street declined from Q1 2020 to Q4 2020. But while asking rents in Georgetown and 14th Street increased in Q1 2021, downtown rents continued to decline.

What is special about Georgetown?

Where we were before the pandemic started to become very commonplace, and retailing by nature shouldn’t be trivialized, as it’s an experience and a lot so influenced by the surrounding environment. Georgetown is not the same place as everywhere else. There is a special feature that appeals to the ambience of the street. There is a unique character of the spaces and buildings. All this leads brands to want to be there. Not to mention that the median demographics are very good. You have other factors like Georgetown University, and it’s also a tourist destination.

What Georgetown needs, and lacks, is an infusion of food and drink and entertainment. He has become more sleepy than he once was. But Georgetown has an opportunity because of the shift to embrace the feel of coffee, as well as the unsustainable mix that exists today. You need this mix and I think this is where Georgetown is going. It’s a place where many retailers want to plant a flag and that doesn’t change.

Why are there reasons to be optimistic?

There are a number of reasons, including very strong retail sales in March and overall national vaccination rates. We recently ran a linear forecast to project 133 tenants looking for space in the second quarter of 2021. The bottom line is that the deals are starting to be signed and there is light in the sky. end of the tunnel when it comes to the vaccine and the things that open up. Brands and tenants on the fringes are absolutely starting to get active. We’ve seen a large influx of restaurateurs and retailers from New York, Chicago, Miami, and Los Angeles looking and looking for opportunities in Washington, a noticeable increase from what we’ve seen during the pandemic.

Is Downtown DC on the rebound?

Dochter & Alexander follows about 40 retail tenants planning to open in downtown DC, with others opening in the past month including Foxtrot at 650 Massachusetts Avenue NW, Yardbird at 901 New York Avenue NW and Cheesecake Factory at 1426 H Street NW.

Was there anything surprising about the report?

What is surprising is the activity that we see and the number of companies that are able to grow. It was an unknown what it would look like on the other side. We functionally doubled the retail vacancy rate in the submarkets we examined, from pre-pandemic to post-pandemic. However, this is mitigated by activity in the market. I think it will be absorbed faster than we initially expected.


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Epic’s mega sale is back with discounts, coupons and a free copy of ‘NBA 2K21’ http://discountshoppingchannel.com/epics-mega-sale-is-back-with-discounts-coupons-and-a-free-copy-of-nba-2k21/ http://discountshoppingchannel.com/epics-mega-sale-is-back-with-discounts-coupons-and-a-free-copy-of-nba-2k21/#respond Thu, 20 May 2021 16:11:15 +0000 http://discountshoppingchannel.com/epics-mega-sale-is-back-with-discounts-coupons-and-a-free-copy-of-nba-2k21/

Bloomberg

Apple’s Tim Cook faces judge over $ 142 billion in app stakes

(Bloomberg) – Inside the towering beige-and-white limestone-walled Federal Courthouse in downtown Oakland, lawyers dressed in face masks and plastic shields and armed with carts of documents from company brawl daily over technological mysteries – the Byzantine rules that govern Apple Inc. The outlines of Epic Games Inc.’s complaint are widely known: the game developer alleges that Apple is keeping too much of the revenue generated by companies selling goods in the market and that its rules are unfair and anti-competitive. Apple CEO Tim Cook will speak on Friday to say that Apple’s rules ensure a secure and seamless user experience and that developers are banking through the App Store. fail to convince Judge Yvonne Gonzalez Rogers, a ruling in Epic’s favor would loosen Apple’s grip on its store and could upend the way millions of developers distribute apps to wearable users around the world The implications of Epic’s fight against Apple extend far beyond the $ 142 billion app world. They strike the fundamental role played not only by Apple, but also by Alphabet Inc., Amazon.com Inc. and Facebook Inc. as the new guardians of the digital economy. Over the past decade, the four companies have built themselves and dominated the vast digital markets in which their competitors do business. Amazon, for example, provides infrastructure for millions of small e-commerce sellers while also selling its own products to the same customer base. Google and Facebook make money from ads as well as news and other information on their pages, but content providers have little control over how they’re displayed – and many don’t share the loot. . Lawmakers and regulators are also examining whether the big tech companies have pushed their role as gatekeepers too far and are paying close attention to what’s going on in the case. Even if Apple wins in these proceedings, the evidence presented in the Oakland courtroom takes a stern look at the power of the technology and will help build the larger case against the platform operators. serious problem with the market power held by technology platforms acting as gatekeepers, ”said Rebecca Haw Allensworth, who teaches antitrust law at Vanderbilt Law School. , when Democratic candidate Elizabeth Warren, a U.S. senator from Massachusetts, complained that tech platforms create conflicts of interest both by running platforms and competing against them with their own products, a double a role which, according to her, harms competition. Warren proposed to dismantle the companies through legislation that would designate these markets as “platform utilities” and impose separation between them and any participant in the platform, including their owners. large technological platforms to abuse their dominance. He recommended that Congress pass legislation that would severely limit the power of technology over its competitors, including bans on giving preference to its own products, and declare platforms “essential facilities” that would require them to provide a service. access to infrastructure. from the late 19th and early 20th centuries, the railways which governed access to commodity markets; and the oil and steel companies which eliminated competition through acquisitions. “Companies that were once rebellious and fringe start-ups that questioned the status quo have become the kind of monopolies we last saw in the age of oil barons and railroad tycoons.” , concluded congressional investigators. to shape the larger legislature against the tech industry. “The common law changes one case at a time, and it changes two degrees every time you have a case, and before you know it you’ve really changed the course of the common law,” she said. declared. “If I were a big tech company, I would be very worried that this could happen again.” When Cook speaks, he will likely be asked about Apple’s app strategy and the competitive landscape. He is also expected to be Apple’s last witness, giving it a critical chance to influence Gonzalez Rogers, who will decide the case without a jury. The Justice Department, which has previously sued Google for antitrust reasons, is investigating Apple. on its practices in the App Store. . The Federal Trade Commission sued Facebook, alleging monopoly behavior, and probe Amazon with state attorneys general. To build arguments, regulators asked companies about their experiences, many of which echo Epic’s grievances. Google also operates an app store. And like Apple, it charges fees of up to 30% – much to the dismay of small businesses. He also behaves in another way that irritates rivals and regulators. U.S. lawmakers, news agencies, and other website publishers have accused Google of stealing news and information it collects from the web to keep users glued to its pages and services. markets work – for example, by tightening inclusion requirements or tweaking the algorithms that determine a publisher’s content ranking. Many companies have missed sales in the run-up to the holiday season after Facebook’s artificial intelligence mistook their content for political advertising, which was banned during the US presidential election. market to take the information it gathers about their business to develop and promote competing products. Some vendors are also complaining that the e-commerce giant is forcing them to use its adjacent services, such as advertising or product execution. The debate over control of the industry is not limited to the antitrust watchdog of the industry. U.S. Germany said on Tuesday it was opening a case against Amazon, exploring whether the e-commerce giant behaves in an anti-competitive manner. Last month, the EU filed an antitrust complaint with Apple opposing the iPhone manufacturer’s requirement that developers use its in-app purchasing system for payments. Regulators are also questioning the company’s ban on developers directing users to other ways to subscribe to a service – a way to bypass Apple’s fees. The bloc is also debating new rules that would significantly limit the business practices of technology platforms. Companies considered to be “gatekeepers” will not be allowed to rank their offerings above their competitors on their own platforms, nor to use their competitors’ data to compete with them. Businesses could face fines of up to 10% of their revenue if they don’t comply. Australia’s competition regulator said last month that Google and Apple hold “significant market power” in app distribution and noted concerns about Apple and Google’s restrictions on developers. ‘Antitrust say an issue in the Epic case they are watching, and which could have implications for other platforms, is how the judge defines the gaming market. Epic maintains that Apple’s App Store is the market, while Apple says there are many places to get Epic’s games, including Android and game consoles. The problem is significant because if the judge is on Epic’s side – say, noting that people rarely switch between Android and Apple – that means Apple has a monopoly. This would make it easier for businesses or the government to win antitrust lawsuits against Apple. This is a question that hangs over other platforms as well. Is Facebook its own market or is there a larger market that includes companies like Twitter Inc. and TikTok from ByteDance Ltd.? Said John Newman, who teaches antitrust at the University of Miami Law School. “Calling the product a market firm definitely opens the door to more litigation against that firm, because everything they do is driven by a monopolist.” More articles like this are available on the bloomberg.com news source. © 2021 Bloomberg LP


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Community events are starting to return to Worthington http://discountshoppingchannel.com/community-events-are-starting-to-return-to-worthington/ http://discountshoppingchannel.com/community-events-are-starting-to-return-to-worthington/#respond Thu, 20 May 2021 15:28:31 +0000 http://discountshoppingchannel.com/community-events-are-starting-to-return-to-worthington/

The COVID-19 coronavirus pandemic has thrown a wrench into many community activities around Worthington.

But with the increase in the level of vaccination and Announcement by Governor Mike DeWine As vaccinated people can forgo wearing masks from June 2, community events are starting to make a comeback.

“They have been well received,” said Annina Parini, Executive Director of Worthington Partnership. “I think people are just happy to come out of their homes and have something to do.”

The Worthington partnership has canceled or changed its major events in response to the pandemic.

Worthington Farmers’ Market operates at a limited capacity in 2020 with a pre-order drive-thru model in the first months of the pandemic before moving on to a controlled walk-in event in a parking lot. The events of the Partnership’s first Wednesdays have also been canceled, with no plans to bring them back.


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Kohl’s roars in Q1, but 2021 outlook scares Wall Street http://discountshoppingchannel.com/kohls-roars-in-q1-but-2021-outlook-scares-wall-street/ http://discountshoppingchannel.com/kohls-roars-in-q1-but-2021-outlook-scares-wall-street/#respond Thu, 20 May 2021 15:11:37 +0000 http://discountshoppingchannel.com/kohls-roars-in-q1-but-2021-outlook-scares-wall-street/

NEW YORK (AP) – Kohl’s on Thursday raised its financial outlook for the year, following a strong rebound in the first quarter following the devastating effects of the pandemic.

But those high expectations fell short of what many industry analysts had expected, and stocks plunged nearly 11% on Thursday. During a conference call, Kohl’s explained that it had taken into account congestion in ports and inflationary pressures on wages which could increase costs in the second half of the year.

Kohl’s is trying to manage supply chain issues by adding more drivers and increasing the frequency of store deliveries.

More shoppers returned to shop in stores as COVID-19 vaccinations became more common and Kohl’s rebounded to a profit after the Menomonee Fall, Wis.-Based chain lost money. money last year when it was forced to close its doors along with thousands of other retailers.

Quarterly sales and profits exceeded almost all expectations, but Kohl’s said he expects net sales to increase only in the percentage range of middle to high teens. It scared off investors.

“Kohl’s is either conservative and cautious with its forecasts – which is understandable given that everything remains uncertain – or lacks confidence that its various initiatives and a strong consumer economy will pay off as quickly as investors do.” would like, ”writes Neil Saunders, Managing Director of GlobalData. “Either way, the suggestion is that Kohl’s will lose market share overall during 2021.”

Like Kohl’s, a number of major retailers have released banner numbers for the first quarter of this week as newly vaccinated shoppers come out of hibernation.

“The American consumer is in a stronger position,” CEO Michelle Gass said on a call with analysts Thursday. “Spending has increased on the back of the stimulus, easing restrictions on COVID and people returning to more normal lives in their daily lives.”

The company had pushed to reinvigorate stores before the pandemic hit. Late last year, he announced that Sephora would replace all of Kohl’s cosmetic areas with 2,500 square foot stores. It is building on the move and said on Thursday it would create high-end areas dedicated to brands like Calvin Klein near those cosmetics stores to capture some of the expected traffic.

Last month, it added three independent members to its board of directors as part of a deal with an investor group that believes Kohl’s has not kept up with the rapidly changing retail landscape. These investors say Kohl’s needs to reduce inventory, fix its assortment of store labels, cut expenses, and improve its app and website, among other things.

Kohl’s Corp. reported quarterly net income of $ 14 million, or 9 cents a share, after reporting a loss in the same period a year earlier. Profit, adjusted to extinguish debt, was $ 1.05 per share. Wall Street expected the chain to break even, according to a survey by Zacks Investment Research.

Its revenue of $ 3.89 billion, a 60% increase from the previous year, also exceeded expectations.

Gass told the AP in a telephone interview Thursday that Kohl’s was in the process of determining what pandemic habits would persist. Even as Americans return to clothing more typical of the pre-pandemic era, she said they are looking for more comfort.

In March, Kohl’s launched FLX, a new athleisure shopping brand for exactly that reason.

Like other retailers, Kohl’s faces labor shortages. Gass said the chain was offering temporary financial benefits to workers at some of its distribution centers, but did not see a labor shortage in its stores.

Kohl’s raised its net sales expectations to an increase in the middle to high teenage percentage range, compared to previous prospects in mid-teens. The operating margin is now expected to be between 5.7% and 6.1% compared to the previous expectation of 4.5% to 5.0%

Adjusted earnings per share should now be between $ 3.80 and $ 4.20, excluding one-time charges, compared to the previous expectation of $ 2.45 to $ 2.95.

Shares fell nearly 11%, or $ 6.59 per share to $ 53.66. late morning, Thursday.

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Part of this story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks inventory report on KSS at https://www.zacks.com/ap/KSS

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Follow Anne D’Innocenzio: http://twitter.com/ADInnocenzio




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