Tuscaloosa Entrepreneurs Pitch Downtown Hotel Parking Deck with 400 Spaces

Source:  Tuscaloosa Thread Nov 2nd 2021 Writer:   Stephen Dethrage A group of entrepreneurs, business leaders, engineers and developers pitched the construction of a high-end hotel in downtown Tuscaloosa that could also add 400 parking spaces, three new restaurants and first-class office space to a “blighted, downtrodden” area of the Druid City. In a presentation to…

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MEMBER PROFILE: ‘TUSCALOOSA HAS BEEN GOOD TO US,’ SAYS ALEX GATEWOOD, OWNER AND FOUNDER OF THE LOCKER ROOM

Source:   Alabama Retailer / November Member Spotlight Writer:   Nancy Dennis November 4, 2021 Alex Gatewood initially came to Tuscaloosa to go to graduate school at The University of Alabama. Instead, he put his marketing and retailing undergraduate degree from Mississippi State University to work immediately. He entered a management training program for Pizitz, one of…

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‘Destination Versus Desperation’: Upscale Convenience Stores are Coming for Prime Retail Locations

Source: BisNow Atlanta Writer: Jarred Schenke When Paul Nair opened the first location of his upscale neighborhood grocer, Savi Provisions, in Atlanta’s Inman Park neighborhood in 2008, he didn’t realize he was on the cutting edge of a trend that has begun to reshape retail markets from the suburbs to prime corners of Manhattan. Savi Provisions, which serves…

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Hotel Restaurants Get Ready for a Rebound

Source: FSR Writer:  Nicole Duncan October 2021 It’s been a long time since restaurants were a mere afterthought for hotels. As consumer enthusiasm surrounding global flavors and the overall dining experience ballooned, the other side of the hospitality industry recognized a new imperative. Hotels could either step up their on-premises restaurants or relegate foodservice to…

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Biden and Pelosi Set to Impose Tax Hikes on Small Businesses

Source: Americans for Tax Reform Submitted by jkartch on Friday, August 20th, 2021, 12,40 PM [To book an interview on this topic please contact John Kartch at jkartch@atr.org] During his campaign, President Biden promised the American people that he would not raise taxes on small businesses. Now he is violating that promise, and next week House Democrats…

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Experts Believe a Retail Property Surge Is Coming Fueled by US Economy With ‘Strongest Growth in a Generation’

(Getty Images)SOURCE: Loopnet Reporter:  Linda Moss The latest forecast for the U.S. retail property market over the next few years is looking bullish, with the industry buoyed by a strong and fast-growing economy, pent-up consumer demand because of the pandemic, and the desire for shoppers to connect with a human. A panel of executives from…

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Krispy Kreme Seeks Roughly $4 Billion Valuation in IPO

FINANCE   JUNE 22, 2021   BEN COLEY   The doughnut chain is offering 26,666,667 shares at a price of $21 to $24 per share. Krispy Kreme hopes to raise between $560 million to $640 million through its IPO, according to an SEC filing. The doughnut chain is offering 26,666,667 shares at a price of $21 to $24…

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Survey: Second-hand retail sales will reach $77 billion by 2025

Dan Berthiaume    Senior Editor, Technology   The resale market is expected to double in the next five years. According to the ninth annual “2021 Resale Report” from online resale platform ThredUp Inc. and retail analytics firm GlobalData, secondhand apparel, shoes, and accessories is now a $36 billion market, projected to double in the next five…

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Dick’s Sporting Goods Bets on Experential Retail

Source:  Chain Store Age Writer:  Marianne Wilson Dick’s Sporting Goods is running fast these days. The nation’s largest sporting goods retailer has had a busy few months, adding soccer shops to namesake locations, remodeling Golf Galaxy stores and opening clearance stores. But its most talked-about initiative has been the debut of an experiential retail concept…

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