NORTH PLAINFIELD, NJ–GlobeSt.com got an early look at Levin Management's mid-year survey of retail managers to be released today and it shows Memorial Day shopping was strong after the harsh winter's dampening effects.
Sales did not grow compared to the first half of 2013, according to the annual June poll of store managers within Levin's 95-property shopping center portfolio. But the Memorial Day burst generated optimism and bodes well for the second half of the year, according to respondents and the management company.
Less than half – 43% - of store managers indicated year-to-date sales had met or exceeded 2013 in the first six months. On the other hand, 50% reported Memorial Day weekend sales were the same or better than last year, which is up from 38% who said that in 2013.
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