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Brick-and-mortar stores continue to be customers’ preferred shopping channel, and are crucial in generating online sales for retailers, according to a new study by global management consulting firm A.T. Kearney.
According to A.T. Kearney analysis, 90 percent of all U.S. retail sales in 2013 were transacted in stores, and 95 percent of sales were accounted for by retailers with a brick-and-mortar presence.
Jon Wheeler, chairman and CEO of Wheeler Real Estate Investment Trust (NASDAQ: WHLRP), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Dennis Gershenson, president and CEO of Ramco-Gershenson Properties Trust (NYSE: RPT), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York. Ramco-Gershenson owns and manages multi-anchor shopping centers in strategic metropolitan markets throughout the eastern, Midwestern and central United States.
David LaRue, president and CEO of Forest City Enterprises, Inc. (NYSE: FCE.A), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Forest City owns, operates and develops properties in the office, multifamily, and retail sectors. LaRue analyzed some of the major trends in each of the company’s sectors.
“We’re very positive on the office piece of our portfolio,” LaRue said.
Twenty years after its initial public offering (IPO), Agree Realty Corp. (NYSE: ADC) is concentrating on deploying capital into the net lease industry across a range of Web-resistant retail sectors.
The REIT has assets in 34 states, and it is actively acquiring and developing more across the country. Agree Realty’s current roster of net lease tenants includes CVS, Rite Aid, Walgreens, Wawa, Kmart, Kohl’s, McDonald’s and Applebee’s.
After an active year for disposals in 2013, mall REIT Macerich (NYSE: MAC) remains focused on pruning its least productive assets in order to plough funds back into higher-quality retail developments.
“We want to be the best in terms of quality,” said Art Coppola, Macerich chairman and CEO, in an interview with REIT.com. “We think we’re going to have a powerhouse of a company, and we’re very happy with the direction that we’re going.”
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