CHARLOTTE, N.C. , Feb. 23, 2021 /PRNewswire/ -- A partnership between Auerbach Funds and TCP Realty Services, has recently acquired "The Pines", a 179,000 square-foot, 18.84+ acre retail shopping center in Pineville, LA .
Located at 2985 Cottingham Expressway the property is a grocery anchored shopping center that was placed under contract at the height of the pandemic. The center is anchored by a Super 1 Foods and an Ollie's Bargain Outlet, with additional outparcels.
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Key Insights From The Holiday Shopping Season | PYMNTS.com
The season also tends to magnify existing consumer purchasing trends and strengthen them going forward. This is the case during any year, but the 2020 holiday shopping season was unlike any other. The global pandemic put a damper on many time-honored rituals, not the least of which were in-store shopping and gathering with friends and family.
Consumers spent more overall during the most recent holiday season than they did in 2019. One might have expected the pandemic to make consumers less inclined to open their wallets, but they were actually likelier to have increased their spending over the previous year, and not despite the pandemic but because of it. Those who increased the amount they spent on gifts said they did so primarily to show their friends and families — and perhaps themselves — some love.
McFarland Mall demolition: Watch the shopping center come down - al.com
The demolition of McFarland Mall is underway in Tuscaloosa. See it in the video above and in the photos below.
Property owner and local businessman Stan Pate announced this week the demolition would take place, inviting the community to watch "phase one" of the 2.5-acre plot's flattening.
Several excavators lined the front of the mall, as Pate and Tuscaloosa City Councilwoman Sonya McKinstry spoke to media ahead of counting down the start of the razing. The diggers then tore into the old Shoe Station and Sticks N Stuff storefronts.
LexisNexis Insurance Demand Meter Reports Growth in U.S. Auto Insurance Q4 Shopping Activity
Shopping activity is hot, but conversion appears tricky
The auto insurance shopping quarterly growth rate averaged 4.7% in Q4, ending the year relatively high at 10.9%. New business growth also increased from the end of the previous quarter to 3.9%, yet the year-over-year growth rate for the quarter was 0.6%, lagging behind shopping activity.
"Considering all the events that shaped 2020, the fact that the market had some growth is a great benchmark for 2021," said Tanner Sheehan , associate vice president of auto insurance at LexisNexis Risk Solutions. "We're already starting to see patterns emerge when it comes to stimulus check distributions, and we look forward to seeing how correlations like that continue to play out in the year ahead."
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Klarna, Cosmopolitan co-host virtual shopping event | Retail Dive
Klarna has teamed up with Cosmopolitan Magazine to host its second "Hauliday by Cosmo x Klarna," a virtual shopping holiday in the U.S. for Gen Z and millennial consumers, on March 1 and 2, the installment payment platform announced on Thursday .
Cosmopolitan's young readership is part of the reason for the partnership: Its readers also spent $9.9 billion on online purchases in the last year, according to the release.
Players in the retail space have a history of working with influential media companies or figures. Wardrobe, the peer-to-peer fashion rental startup, enlisted current and former Vogue staffers to host its "Thanks for Sharing" virtual panel discussion . Cosmopolitan's sister magazine Marie Claire unveiled its fashion aggregation and e-commerce platform , Marie Claire Edit, in 2018.
L Brands Might Be Shopping Victoria's Secret to Buyout Firms Again | The Motley
It was nine months ago the pandemic scuttled L Brands' attempt to sell Victoria's Secret to the Sycamore Partners hedge fund, which got cold feet as stores were closed due to the COVID-19 outbreak.
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While L Brands reiterated earlier this month all options remain on the table, the retailer may be trying the sale route first before pursuing a spinoff. With special purpose acquisition companies (SPACs) all the rage, it may be an easier route to get the lingerie company into the public markets.
The Pros and Cons of Shopping for a Wedding Dress at a Sample Sale
A digital runway show by five Italian fashion designers of African origin opens Milan Fashion Week on Wednesday, one tangible result of a campaign launched last summer by the only Black Italian designer belonging to the Milan fashion chamber.
Bloomberg - Are you a robot?
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