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“Consumers will start seeing higher prices from the steel and aluminum tariffs probably this quarter,” warned one retail analyst. Americans are in shop-til-you-drop mode, buoyed by a series of economic tailwinds that are yielding dividends for retailers. With a rising tide lifting much of the sector, analysts say that retailers who won’t, or can’t, invest in their business will miss out on the spoils.…»
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Walmart showed its might in the second quarter, with earnings and sales that topped the Street amid surging digital sales and a jump in store sales. The discount giant’s revenue rose 3.8% to $128.03 billion in the quarter ended July 31, beating analysts’ estimates for $125.97 billion. Same-store U.S. sales increased 4.5%, led by grocery, apparel and seasonal; foot traffic was up 2.2%.…»
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The Greater Phoenix investment market started off slow in 2018, but activity picked up in the second quarter with momentum building in the office and industrial properties sectors, according to a report from Colliers International Group Inc. Sales velocities were mixed during the second quarter. Office and industrial properties were sold at an accelerated pace while sales of shopping centers…»
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CHANDLER, ARIZ. – After starting construction last October, VanTrust Real Estate completed construction at Chandler Corporate Center, a 117,000-square-foot office located at 350 N. McClintock Drive, which can support over 700 jobs. Developed by VanTrust on 11-acres, the Class A office project was constructed by Layton Construction Company and designed by Butler Design Group.…»
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The former Barney’s space at Scottsdale Fashion Square is getting a new anchor. But it’s not a high-end apparel store. Manhattan-based co-working firm Industrious, which recently opened its first Arizona location in Old Town Scottsdale, said earlier this month it would open at the mall as part of a new national partnership to bring co-working spaces to Fashion Square owner…»
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