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Shopping malls: Adapt or die
Institute of Real Estate Management
Riddle me this: If shopping centers are dead, why has the median income for open shopping centers gone up while the operating costs have gone down? It's true. Just check the Institute of Real Estate Management's recently updated Income/Expense Analysis: Shopping Centers. But how is this true when many malls are struggling, even closing, while others succeed? It's simple: adapt or die.
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Indoor air quality trends: Sustaining healthy air
Today's Facility Manager
Though Ebola is the infectious disease that holds much attention these days, far more people have historically died and been made ill from other diseases such as influenza. Four worldwide (pandemic) influenza outbreaks occurred in the last 100 years: 1918, 1957, 1968, and 2009. There were also three notable epidemics: 1947, 1976, and 1977. The 1918 Spanish flu was the most serious pandemic in recent history, responsible for the deaths of an estimated 50 million or more people. The most recent H1N1 pandemic in 2009 resulted in thousands of deaths worldwide.
The art of anticipation: Why Apple Stores' retail customer service is better than yours
Forbes
Anticipatory service at the Apple Store can begin for customers even before they arrive in the flesh. With the Apple Store app, Apple allows a customer to schedule an appointment so the staff will be able to prepare for — anticipate — your arrival at the Apple Store and be available for you personally when you arrive.
Report: More international investors targeting US retail properties
SCT Newswire
The U.S. retail market is becoming more important to international investors seeking diversification and strong returns, according to JLL’s report on global capital flows, released at the ICSC New York National Deal Making conference this week in New York City. The firm anticipates a measured and selective uptick in cross-border retailing and capital flows into the U.S. in the coming year.
A record-breaking Christmas for Macy's
Retailing Today
Macy’s “Believe” holiday campaign took an online turn this year, and customers enthusiastically responded. The retailer broke a Guinness record by having customers have the chance to create and send a digital letter to Santa to benefit Make-A-Wish while having the opportunity to participate in Macy’s Guinness World Records official attempt for the longest wish list to Santa.
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NYC World Trade Shops to open in 2015 with Eataly, Kors
Leasing of stores at the World Trade Center site in lower Manhattan is almost complete, with a tenant list that includes Breitling, Michael Kors and an outpost of Mario Batali's Eataly, landlord Westfield Corp. said. The 350,000-square-foot (33,000-square-meter) retail complex, to be known as Westfield World Trade Center, probably will open in the second half of 2015, Sydney-based Westfield said today in a statement.
BC Partners to acquire PetSmart for $8.7 billion
Reuters
Pet supply retailer PetSmart Inc succumbed to calls from some shareholders for a sale on Sunday with an agreement to be bought by a private equity consortium led by BC Partners Ltd for $8.7 billion, in the largest leveraged buyout of the year.
Payments made via NFC-enabled mobile handsets will account for $130 billion in retail spend by 2020
PR Newswire
Payments made via Near Field Communications (NFC)-enabled mobile handsets will account for $130 Billion in worldwide consumer retail spend by 2020, according to the latest research from Strategy Analytics. This equates to 254 million mobile users making 5 payments per month at an average of just below $9 per transaction. The report and forecast "Global Mobile NFC Payments to Exceed $130 Billion by 2020," quantifies the scale of the NFC-based mobile payment opportunity and identifies the launch of Apple Pay initiatives by payment networks to drive contactless payment acceptance among retailers, and consumer demand for mobile payments, as three key catalysts for growth.
Walmart tops list of supermarkets in Birmingham area with 36 percent of market share
The Birmingham News
Publix just opened in Gardendale. Construction is about to start on a Publix in downtown Birmingham. A Publix is scheduled to open in Rainbow City next fall, and one broke ground in October in Cullman.
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Deferred capital renewal can be used to justify HVAC upgrades
FacilitiesNet
Facility managers should determine if deferred capital renewal should be part of the analysis to justify large energy upgrades. An example of a deferred capital savings is the evaluation of installing a new boiler as compared to maintaining the existing boiler. A 20,000 pound per hour (pph) boiler with mud and steam drums (the heart of the boiler) may be in good condition, but the boiler tubes could be thinning and need to be replaced.
Canada's Couche-Tard to buy convenience store and gas station chain The Pantry for $860 million
Bloomberg
Alimentation Couche-Tard Inc. agreed to buy The Pantry Inc. chain for about $860 million in a deal that pairs the Canadian convenience store operator with one that has locations in the southeastern and gulf states of the U.S. The all-cash transaction values Cary, North Carolina-based Pantry at $36.75 a share, a 27 percent premium to its closing price on Dec. 16, according to a statement today. Including debt, the deal has an enterprise value of $1.7 billion.
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