Gatewood Retail News

Gatewood Retail News

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 will vote on the framework to make the tax hikes possible. Biden’s small business tax promise was made on Feb. 20, 2020 before a national audience during a Democratic debate hosted by MSNBC: MSNBC’s Hallie Jackson: “I want to ask you about Latinos owning one out of every four new small businesses in the United States. Many of them have benefited from President Trump’s tax…

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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 brokerage JLL presented their first webinar update on retail since the end of last year, when the world was in the grips of COVID-19, in lockdowns and with mandated business closings. Last year there were predictions of a brick-and-mortar “retail Armageddon” because of the pandemic, according to Naveen Jaggi, president of JLL America Retail Advisory Services. It hasn’t turned out that way, he said. “If…

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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 per share. That range implies a valuation of $3.46 billion to $3.96 billion. Underwriters have 30 days to decide whether to purchase up to an additional 4 million shares. The company will use net proceeds from the offering to repay debt, repurchase shares of common stock from certain executives, make payments on tax withholdings relating to certain restricted stock, and for general corporate purposes. Krispy Kreme…

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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 years to $77 billion. Resale is expected to grow 11 times faster than firsthand retail clothing sales over the next five years. In addition, resale sales are expected to be more than twice the size of fast fashion sales by 2030, with two in five resale consumers saying they’re replacing fast fashion purchases with secondhand clothing. In 2020, 33 million consumers bought secondhand apparel for…

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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 more than two years in the making: Dick’s House of Sport. The new banner made its debut in April, at Eastview Mall, in the Rochester suburb of Victor, New York. The 100,000-sq.-ft. store — the company’s largest to date — — offers customers a hands-on shopping experience. It’s filled with multi-sports activities that customers can participate in, inside and out. “House of Sport is based…

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Half of Americans saw their favorite local store shut down because of pandemic

Source:  Study Finds By: Chris Melore Many shoppers now swearing off big box stores after seeing beloved shops shutter   NEW YORK — Few people have escaped the financial impact of the coronavirus pandemic and that’s especially true for local ‘mom and pop’ shops. A new study finds half of Americans have witnessed their favorite local businesses close down because of COVID-19. A survey of 2,000 people reveals 68 percent personally know a local business owner impacted by the pandemic. According to respondents, the most commonly impacted businesses include cafes (62%), retail shops (58%), gaming shops (55%), and book stores (54%). While a majority of Americans (71%) want to see small businesses in their community thrive, nearly two-thirds (62%) have witnessed…

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The Hottest Commodity In Retail For The Foreseeable Future: Drive-Thrus

HoustonRetail May 6, 2021 Christie Moffat, Bisnow Houston     Drive-thrus were the life raft that kept many fast-casual and quick-service restaurant chains afloat during the most difficult days of the coronavirus pandemic. As major brands continue to come up with new and inventive ways to expand and improve their drive-thru offerings, more traditional dine-in restaurants are also pivoting to incorporate drive-thru accessibility into their models, according to retail experts. NewQuest Properties Vice President Austin Alvis said that drive-thrus have become an absolute requirement for new store growth. The industry has recognized that the drive-thru is not just a driver of revenue, but also a protective mechanism in times when things go wrong. “Everybody operated almost an entire year with no dine-in business, so it really changed the…

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5 Signs that Retail Is Going to Be OK

SOURCE: Retail Dive  Staff Writer: Daphne Howland  Last year was a challenge like no other for the retail industry. COVID-19 upended people’s existence worldwide, threatening human life and undermining the global economy. Job and wage losses took a toll. Even those able to stay healthy and financially secure have faced disruptions to daily life, upsetting work, school and other routines. All of this has had implications for retailers. Specialized retailers and department stores were forced to close for months while grocers and mass merchants were allowed to stay open as essential businesses. But for all of them, supply and demand were undependable last year. Meanwhile, nervous consumers have expected stores to be clean and safe or to offer e-commerce and pickup services…

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Survey Shows Land the Only Commercial Asset with Positive Growth in 2020

  April 20, 2021 (Chicago) – The REALTORS® Land Institute (RLI) and National Association of REALTORS® Research Group have released the results of their latest Land Market Survey. The survey shows that while the COVID-19 pandemic battered the commercial real estate market in 2020, the land market held up to the pandemic’s severe blow, according to survey participants. A 3% increase in land sales contrasts starkly with a 40% drop in commercial sales transactions of properties or portfolios of at least $2.5 million. Land sales prices were also on the rise, with respondents reporting a 2% increase on average in 2020. In contrast, the Green Street Commercial Price Index, an appraisal-based index of the properties held by REITS, indicates that commercial real estate prices…

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Galatoire’s is Opening a New French Quarter Restaurant for a New Dining Experience

Source: NOLA.com Ian McNulty/ Staff Writer Waiter Vincent Composanto carries a tray of appetizers from the kitchen to guests at Galerie de Galatoire, an expansion of historic Galatoire’s Restaurant, Saturday, May 8, 2021, in the French Quarter. The space is designed as a private dining venue for flexible use.  STAFF PHOTO BY SCOTT THRELKELD From its historic main dining room decked in tile and mirrors, Galatoire’s Restaurant connects to its adjacent steakhouse and bar and wends across different upstairs dining areas. Now, it also extends a block away, where a new Galatoire’s experience is taking shape. The Bourbon Street landmark is developing a new restaurant called Galerie de Galatoire, located at 211 Royal St., directly across from the Hotel Monteleone. The doors on Royal Street for Galerie…

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