:: buzz / newsflash
Shopping Centers Benefit from
Retail Recovery More than Malls
Retailer demand is up approximately 5 percent over last year, according to the spring 2012 Retailer and Restaurant Expan- sion Guide, released in April by ChainLinks Retail Advisors. However, experts warn that less attention should be paid to the targeted percentage increase and focus on the forecast for
“This number sounds very high, but it is best to just think of it as a benchmark figure,” said ChainLinks national retail research director, Garrick
Brown, in a news release.
The report tracks the growth plans of retailers and restaurant chains within the United States, utilizing information shared by retailers and the brokerage community, as well as information shared in quarterly shareholder
reports, media coverage and by analysts.
Brown said the survey includes the stated goals of many franchise-driven
chains, which are often highly inflated as opposed to actual hard and fast
store opening plans. The report also does not take into account planned store
closures or relocations.
“Actual annual growth will be far below this benchmark number and it
will be spread across a wide variety of retail property types,” Brown said,
“The real takeaway is that this figure is up 5 percent and that this should
generally translate into improved
growth this year.”
Brown said improved growth is
being driven by discounters, gro-
cery store chains, off-price apparel
retailers, fast food and fast casual
dining concepts—helping shopping
centers, while malls will likely con-
tinue to take a hit.