10 Things in Retail You Need to Know Today
The retail sector's had some big news this week. Here are 10 top stories to keep you in the know.
1. Retail sales rose by 0.1% in September. Awkward, because economists predicted 0.2%. [WSJ]
2. The world's largest retailer, Walmart, announced that it expects profits to fall in the next fiscal year. [The Guardian]
3. NYC's Williamsburg in Brooklyn is becoming too trendy. Retail rents are the highest in the big borough. [DNAInfo]
4. As retailers look towards urban markets, what does this mean for current lease arrangements? [GS]
5. Facebook adds a new shopping feature to try its hand at retail influence. Again. [Bisnow]
6. Handy advice for international retailers wanting to break into the US market from JLL's Naveen Jaggi. [Bisnow]
7. The retail sales growth may have been disappointing, but some analysts think retail recovery is actually strengthening. Talk about glass half full. [GS]
8. Department store chain Neiman Marcus has delayed its IPO until next year. [NASDAQ]
9. Here are 20 franchises set to take over the consumer industry next year. [BI]
10. On that note, here are the five restaurants that'll take over the industry. Ready to open up shop? [BI]
