Power centers, lifestyle centers, strip malls, freestanding pads all encompass retail with existing properties, ground leases and new construction. Even after the pandemic convinced everyone that brick-and-mortar shopping was done for, people still go shopping. There's something about browsing tangible goods, mingling with other shoppers, meeting a friend for coffee, and going … [Read more...] about Experiences and Retail Therapy
Shawn Smith
Let’s Go ShoppingRetail in Nevada
Online shopping was already changing the face of retail when COVID hit and everything closed down. Without the ability to shop brick-and-mortar stores, consumers ramped up ordering online with delivery. Some physical stores closed, mom and pop or regional among them. Others were able to thrive post-lock down, pivoting and taking advantage of new shopping trends, from delivery … [Read more...] about Let’s Go Shopping
Spending Power: Nevada’s Retail Market
With the peak holiday spending in their rearview mirrors, Nevada retailers say they are cautiously optimistic about continued growth in 2017. “Retail is trending positive. I’m conservatively bullish and would be happy with one to two percent growth next year,” said Kevin Budny, senior general manager of the Galleria at Sunset in Henderson. “We were comparable to 2015 this … [Read more...] about Spending Power: Nevada’s Retail Market
In the Black: A Look at Retail in Nevada
Nevada’s retail industry, both from the brokerage and the retailer’s side, is guardedly optimistic. The optimism is driven by general economic indicators coupled with national retailer behaviors and Nevada sales performances in 2012. Let’s Go Shopping When locating stores, retailers look at sales performance in a city. “We’re seeing sales performance continue to increase in … [Read more...] about In the Black: A Look at Retail in Nevada