CHICAGO—US shoppers have been spending a little bit more each holiday season since the end of the recession, and will most likely follow that pattern over the coming weeks, according to a new survey and forecast from Chicago-based JLL. Researchers at the firm say that total holiday sales figures generally grow or shrink in line with the US economy as a whole, and as the US GDP has shown slow steady growth, so too have holiday sales grown.
“Last year's holiday sales grew by 3.2% and we expect this year's growth to be between 3.5% and 4.0%,” the report says. “But while we have a good sense of what to expect in terms of overall sales, many questions around shopper and retailer behavior remain.”
JLL surveyed nearly 2,800 shoppers of 31 shopping centers in September. It also surveyed about 300 retail tenants in shopping centers in seventeen states in September and October. More than 71% of retailer respondents were inline retail locations and 16% were anchor or junior anchor tenants.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
