Search
 

Select Big Box Sales Steady but Overall Retail Slows in South Florida

FORT LAUDERDALE, FL-Furniture, home furnishings and consumer electronics are doing well but pet supply stores and party goods outlets are slipping, A.T. Toroyan, a principal at Rotella Toroyan Clinton Group here, tells GlobeSt.com.

By Alex Finkelstein | Updated on November 24, 2000

FORT LAUDERDALE, FL-Most retailers and restaurant chains in South Florida are sketching their New Year expansion plans in light pencil this season as the bulk of the sales are modest and some are declining, A.T. Toroyan, a principal of Rotella Toroyan Clinton Group tells GlobeSt.com. One thing is clear, the broker says: Retail growth has diminished in the third and fourth quarters.

“We expect an increasingly competitive market to yield cautious expansion plans for many retailers and restaurant chains,” Toroyan says. Certain big box segments, such as furniture, home furnishings and consumer electronics are seeing steady sales increases, while a consolidation in other areas such as pet supply stores and party goods, are slipping.

Additionally, the broker says, “declines in consumer spending on apparel and footwear may translate into an increased supply of big box retail space.” Specialty retail and lifestyle centers are on the rise “and with the problematic nature of the theater industry, they are predominately being driven by music, booksellers and restaurants,” Toroyan tells GlobeSt.com. .

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.