Will the Saks-Neiman Marcus merger transform the luxury retail market? Undoubtedly! As brands and consumers navigate changes, many harbor concerns about fewer shopping destinations thanks to consolidation and how Saks will maintain each retailer’s distinct brand identity. Read more on the potential impact of this $2.65 billion deal. Read More on What the Saks-Neiman Marcus Merger Means for Luxury Retail
The U.S. economy exceeded expectations in Q2 2024, with GDP growth reaching 2.8% and retail sales up 2.5% year over year. With inflation cooling and job growth slowing, economists hint at a potential soft landing for the economy. What’s driving this momentum, and what could it mean for the rest of the year? Keep reading to find out. Read More on Resilient U.S. Economy Defies Expectations in Q2 2024
Retail space became the hottest commodity in Q2 2024, with a dramatic 75.4% spike in net absorption fueling intense competition. Leasing times are hitting record lows, and with construction at a standstill, availability is plummeting — giving landlords the advantage. Despite the grim outlook, optimism remains for a stabilization in retail capital markets later this year, which could boost investment. Don’t miss out on what’s shaping up to be a pivotal moment in retail. Read More on Tight Markets, Rising Rents — How Q2 2024 Shaped Retail Real Estate