U.S. BLACK FRIDAY SHOPPERS TAPERED ONLINE SPLURGE, AS SOME RETURNED TO STORES
U.S. shoppers spent slightly less online during Black Friday this year, with many venturing back to physical stores despite coronavirus fears, tight supplies, and retailers’ efforts to encourage earlier holiday purchases. For the first time ever, spending online during Black Friday fell.
HOW 24 RESTAURANT COMPANIES PERFORMED IN THEIR MOST RECENT QUARTERS
With another earnings season behind us, Nation’s Restaurant News looks at the performance of public restaurant companies. Chains continue to see strong off-premises sales, even as consumers cautiously return to dining in amid the COVID-19 pandemic.
BLACK FRIDAY ONLINE SPENDING FALLS AMID EARLY PROMOTIONS AND DEALS
E-commerce sales got off to a tepid start over Thanksgiving weekend following an unusually early start to the holiday shopping – and deals and discounts – season. Total U.S. online spending on Black Friday reader $8.9 billion, according to the Adobe Digital Economy Index.
RETAILERS PLANNING TO OPEN MORE STORES THAN THEY CLOSE FOR FIRST TIME SINCE 2017, REPORT FINDS
Fresh off a strong holiday weekend for in-person sales, a new report shows retailers are planning to open more brick-and-mortar stores than they close this year for the first time since 2017. The report is welcome news for commercial developers.
REITS DECLINED ON OMICRON VARIANT CONCERNS LAST WEEK
REITs declined in a short trading week last week as concerns about the new omicron variant of COVID-19 weighed on all equity markets. The FTSE Nareit All Equity REITs Index was down 1.3% for the week, a more modest decline than the 2.3% drop in the Russell 1000.
2021 CMBS DELINQUENCY RATE
The Trepp CMBS delinquency rate declined sharply again in October, marking the largest decline since February 2021. The rate was 4.6 percent, a drop of 64 basis points from the September number. The percentage of loans in the 30 days delinquent bucket is 0.2 percent, down one basis point for the month.