Retail News

Pet ownership is showing no signs of slowing down, especially among high-earning millennial homeowners who are starting their own families. According to the most recent statistics provided by the American Pet Products Association, 66% of U.S. households own a pet. Pet ownership has especially proliferated due to the work-from-home/hybrid work week schedules that continue to be the new normal, as workers spend less time commuting and can therefore devote more time interacting with their pets. More

There has been an increase of redevelopment projects that aim to convert outlet mall centers into mixed-use spaces, especially within the South. This is mainly due to the recent massive population increases that have occurred over the past few years in these growing Southern communities. Outlet malls are generally situated in the far outlying regions of major metros that have traditionally been considered population deserts. However, the huge influx of new residents into Southern markets has resulted in a rising demand within these outskirt areas not just for housing, but also entertainment, retail and other types of services. More

Gone are the days when Girl Scout troops were relegated to meeting in either a troop leader’s living room or a multipurpose room within a library, school or church. Beginning this year, the Girl Scouts of the USA has partnered with Newmark to open “DreamLabs” in prime retail centers throughout the country. More