U.S. consumers are more optimistic about the economy rebounding, according to ICSC’s latest Coronavirus Consumer Survey of 1,004 respondents, conducted April 2 to 4. Forty-three percent say their opinion about the current state of the economy is more positive than it was a month ago.
The infusion of stimulus payments, coupled with the broader reopening across the country, gave a boost to retail growth in March as the country reached the one-year mark since the first COVID-19 lockdowns impacted retail sales. U.S. retail sales increased 26.3% in March compared to year-ago period.
Nike Inc. has done it – again. The athletic apparel and footwear giant retained the title of the world’s most valuable apparel brand for the seventh consecutive year in Brand Finance’s annual ranking of the 50 most valuable apparel brands. Nike kept its top position despite recording a 13% drop in brand value to $30.4 billion as its sales took a hit due to the pandemic.
Real estate equities rose in March, with the FTSE Nareit Equity REITs Index advancing nearly 4.6 percent. The broader equity market also rose in March, with the S&P 500 Index returning 4.2 percent in the month. While every property sector and subsector showed an increase in March, residential and industrial REITs were among the outperformers.
Bed Bath & Beyond is launching one of its biggest brand campaigns ever in a move to position itself as the leading authority in home goods. The retailer’s new “Home, Happier” campaign will be brought to life through its in-store and online customer experience and also through a marketing campaign aimed at inspiring customers to celebrate the important role that home plays in their lives.
A decades-old partnership between two giants in their sectors is not what it used to be. McDonald’s is closing hundreds of restaurants that are located inside Walmart stores throughout the country. The closings will leave McDonald’s with about 150 sites inside Walmart by the end of this summer, down from a peak of about 1,000.
The REIT sector has remained resilient throughout the pandemic and is ready to take advantage of the recovering economy and unleashing of pent-up demand that is expected to characterize the rest of 2021 and beyond.