As sales show signs of improvement, the industry turns to its next crisis: Labor More than one year into the COVID-19 pandemic, the restaurants are finally starting to see some glimmers of hope. According to Black Box Intelligence, the industry… Read More
Target Corp. had a record-breaking first quarter as shoppers flocked to its stores and sales of its owned-brands reached an all-time high. “Our performance in the first quarter was outstanding on every measure, and showcased the power of putting our… Read More
In April, a team of Yale University public-health professors published a 34-page study that explained how to end the pandemic in America. The researchers’ conclusion? Dollar General. The Goodlettsville, Tenn.-based retailer is now the closest grocery store for millions of U.S…. Read More
As the US economy continues its recovery from COVID-19, retail sales have jumped to 15% above pre-recession levels. But that consumption comes at a cost, stirring inflation for gas, food, and building materials. And amid those rising fears and the… Read More
Weeks after President Joe Biden pitched the first major set of tax increases since 1993, signs are mounting that anxiety among congressional Democrats will significantly temper any increases that manage to pass Congress. “We are trying to identify a menu… Read More
Speedway convenience stores have a new owner. Marathon Petroleum Corp. (MPC) completed its sale of Enon, Ohio-based Speedway LLC to 7-Eleven Inc. on May 14. The two companies agreed to the $21-billion deal in August. With the closing, Irving, Texas-based 7-Eleven takes… Read More
Jack in the Box turns 70 this year, but the chain is aging like fine wine. During Q3, the legacy brand expects to cross $4 billion in systemwide sales on a trailing 12-month basis for the first time in company… Read More
As the economy begins to recover from the COVID-19 pandemic, worries about inflation are beginning to surface in the press and among investors. REITs provide natural protection against inflation. Real estate rents and values tend to increase when prices do,… Read More
Retail landlords must consider a host of factors when they craft and negotiate letters of intent today. Cox, Castle & Nicholson LLP Partner Dan Villalpando shares a few insights that touch on the importance of LOIs from a leasing perspective. The Q&A below examines,… Read More
Commercial real estate stakeholders are rolling up their sleeves and digging in to battle proposed tax reforms that could deal a devastating blow to the investment marketplace. The two issues garnering the most attention are a $500,000 limit on the amount of… Read More