U.K. Retail Sales Increase Most on Record in Third Quarter

(Bloomberg) — U.K. retail sales rose more than expected last month as demand for home improvement products and food contributed to the biggest quarterly jump on record.

The volume of goods sold in stores and online gained 1.5% from August, the Office for National Statistics said Friday, beating economists estimates for a reading of 0.2%. Sales were 17.4% higher in the third quarter following a lockdown-induced slump in the previous period.



text: All-Time High


© Bloomberg
All-Time High

While the report will be welcome for policy makers hoping to support the economy going into winter, there are already signs that rising unemployment and the prospect of a messy divorce from the European Union at the end of the year.

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Household confidence was starting to retrench even before the virus flared up again, forcing many areas into renewed restrictions, a report by GfK showed Friday. The number of job cuts jumped the

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Abandoned Retail Sites Become Senior Housing

The factors driving retail-to-housing transformation were set in motion years ago but have been accelerated by the pandemic. The demise of malls and shopping centers has also been amplified by the shift to online retailing in recent years.

The crisis in mainstream retailing has become an outsize challenge and opportunity for municipalities, real estate owners, managers and developers. More than 8,000 stores have closed so far in 2020, according to Coresight Research, after 9,500 shut down last year. Mall stalwarts like Bed Bath & Beyond, GNC, Pier One Imports, Men’s Wearhouse, and New York and Company are in various states of bankruptcy and reorganization. Department stores such as Neiman Marcus and Lord & Taylor are on a long list of retailers going through shutdowns.

Ellen Dunham-Jones, a professor at the Georgia Institute of Technology, has researched the repurposing trend. Retail closings across the country have led to 400 proposals for

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UK retail sales rise for fifth straight month as shoppers focus on DIY

UK retail sales increased for the fifth consecutive month in September on the back of a rise in spending on DIY and household goods, according to official figures.



a person standing in a room: Photograph: Wavebreakmedia Ltd/Alamy


© Provided by The Guardian
Photograph: Wavebreakmedia Ltd/Alamy

The Office for National Statistics said the volume of retail sales rose by 1.5% between August and September, continuing a recovery in consumer spending from the biggest slump on record during the coronavirus lockdown earlier this year.



a person standing in a room: The volume of retail sales rose by 1.5% between August and September on the back of increased spending on DIY and household goods.


© Photograph: Wavebreakmedia Ltd/Alamy
The volume of retail sales rose by 1.5% between August and September on the back of increased spending on DIY and household goods.

Related: Waitrose and Co-op to cut prices of essential goods by average of 15%

In a reflection of resilient household spending despite growing concerns over a rapid increase in coronavirus infections, total retail sales were 5.5% higher than pre-pandemic levels in February.

Over the last quarter, retail sales volumes surged

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Cherre and Planned Grocery Announce Partnership to Integrate Planned Grocery Retail Data into Real Estate Data Platform

This partnership will enable mutual customers to easily connect grocery retail data across the U.S. with other important real estate datasets for analysis and strategic decision making

NEW YORK, Oct. 20, 2020 /PRNewswire/ — Cherre, the award winning real estate data management platform, today announced a new data partnership with Planned Grocery, the nation’s leading provider of grocery location data. This new partnership will enable mutual customers to incorporate grocery retail data with other key real estate datasets for research, planning, and investment decisions. Planned Grocery will also join Cherre’s growing partner network, providing turnkey access for customers of both companies.

(PRNewsfoto/Cherre)
(PRNewsfoto/Cherre)

With Planned Grocery’s data, investors can see where and when new grocery stores will be built. This future looking data makes property research and due diligence easier by providing grocery store locations which include the exact location, size, opening date, and data source. Studies have shown

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Retail giant Best Buy retailer won’t pay for fridge flood its own contractor caused | 7 On Your Side

ELTINGVILLE, Staten Island (WABC) — When a new fridge flooded and caused thousands of dollars in damage, a young couple says a retail giant turned its back on them.

“To be honest I was so upset, I couldn’t even handle it,” Jason Anello said.

Welcome to Jason and Abby Anello’s newlywed nightmare. Their new home was ruined before he could even carry her over the threshold.

“It’s just been a big headache,” Anello said.

He’s talking about the thousands in water damage due to a faulty fridge installation.

The listing for their Staten Island home caught their eye and features an open floor plan with a big kitchen and hardwood floors. So, they bought it.

“We put a lot of money into the house with renovations,” said Anello.

RELATED | 7 On Your Side: Young car-buyer wrangled into a ripoff

One of the expenses included a fancy new fridge from

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Reusing Retail Real Estate That Has Been Impacted By The Pandemic

Polk Properties offers over 30 yrs of Real Estate Vision and Expertise you can trust and depend on. We focus on long-range portfolio value. 

Amid a global pandemic, a new question about retail real estate has been put on the table: What is it good for at this point?

When I first started in real estate and was trying to get a foothold in an area, I would start out with a lease listing or two. I would call the owner to set up an appointment to see the space, and then their question would come: Do you have anybody for the space? I may have had a potential tenant in mind, but because I would just be seeing the space for the first time, the more likely answer was no. But, not wanting to say something negative, I would talk about the possible uses for the space and

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Brookfield Property Partners: Pay For Office And LP Investments, Get Retail For Free (NASDAQ:BPY)

Despite the seemingly intensified post-COVID-19 headwinds, I think Brookfield Property Partners (BPY) warrants investors’ attention. While the BPY portfolio is high-quality and thus, should prove less sensitive to the current backdrop, the market is currently pricing in an overly punitive discount to NAV. Plus, there’s additional downside protection from the ~$1bn commitment by BAM and partners, as well as the optionality from BPY’s rich development pipeline. At current prices, BPY investors pay for the core office portfolio and LP investments, and get the core retail assets for free.

High-Quality Concentration

To be clear, long-term concerns on the state of physical retail remain very valid. But quality counts as well, and BPY did a good job of highlighting the quality of its underlying assets and its higher tenant profitability at the recent investor day event. Case in point – BPY currently holds a 19% share in high-quality retail real estate in

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John Lewis To Build And Rent Homes, And Retail To Be 70% Online By 2025

The John Lewis Partnership has today announced its plans to reach more customers in a variety of different initiatives. The ‘Partnership Plan’ demonstrates a commitment to change in plans to boost profit to £400m by 2025.

The U.K’s largest employee-owned business – the John Lewis Partnership highlights the trust and love customers feel towards the Waitrose and John Lewis brands. It is indeed that trust that has helped to build the John Lewis credit card and financial services – a business the Partnership wants to quadruple over the next 5 years. This will be

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