The ICSC Blog

May 15, 2012
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Cities court retail development at RECon

Despite tightened budgets among local governments nationwide, representatives of municipalities and economic development groups are heading to RECon in force to court retail development at the Cities of the World Pavilion. Hundreds of city representatives attend RECon each year, and many of them rent exhibit space to showcase their incentive programs and other opportunities for…

May 8, 2012
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RECon 2012 registration outpaces 2011

RECon registration is up this year over last year, reflecting a business climate that is improving steadily, if not as quickly as everyone might like. The number of registrants approached 26,000 by week’s end; there were fewer than 25,000 by this time last year. Expectations are that several thousand more will register at the show…

April 13, 2012
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ICSC World Summit will address globalization of retail

ICSC is gearing up for one of its highest-profile conferences to date: the Retail Real Estate World Summit, this year titled “The Globalization of Retail.” The meeting is scheduled for September 12–14 at China’s Shanghai International Convention Center. “This event for our industry is like the World Cup or the Olympics,” said Michael P. Kercheval,…

March 16, 2012
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Americans are spending more on pets

Americans are splurging on their pets, presenting a growth opportunity for retailers. Spending by pet owners on food and supplies, medicine, trips to the vet, grooming and the like grew 5.3 percent from the year before, to $50.96 billion, according to the American Pet Products Association. New pet products and a rise in the number…

February 8, 2012
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An ‘arresting’ mall at former prison in Uruguay

Mall landlords are always looking for ways to detain their customers just a little longer. Uruguay’s Punta Carretas Shopping, housed in a former prison in Montevideo, appears to be quite good at it: This year the 18-year-old shopping center is embarking on its third expansion. In fact its owners, a partnership of Uruguayan investors operating…

January 20, 2012
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New U.S. visa policy bodes well for outlet centers

Brazilians and Chinese who want to visit the United States will have a much easier time under an executive order issued by President Obama on Jan. 19. "The more folks who visit America, the more Americans we get back to work," he said. "It’s that simple." This is good news to outlet centers in the…

January 13, 2012
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Sonae Sierra’s Elsa Monteiro is on a green mission

The debate over the need for strict and costly environmental regulations may continue to rage, but some mall owners are already seeing positive results from their early efforts to curb energy and water consumption. Sonae Sierra is one of them. Last year the Lisbon, Portugal–based mall developer was named the most sustainable retail real estate…

January 6, 2012
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Bet on art, accessories, and tire start-ups in 2012, report says

Many small retailers struggle to overcome overwhelming competition from national chains and big-box stores, causing most to go out of business within a couple of years after opening shop. But research firm IbisWorld has singled out four small-business retail sectors where mom-and-pops still have great prospects for success due to low costs, low barriers to…