Over the past couple of years — high inflation has forced consumers to be more conscious about spending — leading to a volatile retail market. However, retail real estate owner Centennial is seeing a recent surge in activity after Black Friday and as the Holiday season continues.
"The sales are just incredible, and the traffic was equally incredible," Paul Kurzawa, president of Centennial told GlobeSt. at ICSC 2024.
"I think that just shows really strong consumer propensity to get out there and spend. Even despite inflation and higher cost of goods, consumers are getting out there and spending which is really good, because it shows that [they are] feeling good about the economy, they're feeling good about themselves, [and] the jobs market. That translates to really strong retail."
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