The retail world is in the midst of experiencing the biggest shift in its history. This week while traditional bricks-and-mortar retail stocks were beaten up, many stocks losing double-digit valuation, one stock’s record high price probably answered the question ‘why?’ perfectly: AMAZON. The on-line retailer with over 60 million subscribers to is “prime membership” program… [Read More]
LEFRAK SAYS FUTURE IS BRIGHTER THAN THE PAST
Posted by Leonard Steinberg on December 5, 2011 Richard Le Frak, one of New York/New Jersey’s great developers and owner of some 16million square feet of property, not to mention his company’s stellar and consistent ranking in the Forbes Top 400 privately held companies, said to-day on CNBC with some conviction: “As of to-day the… [Read More]
RETAIL UP 0.3%! A REFLECTION ON REAL ESTATE?
Led by a big gain in electronics, U.S. retail sales increased 0.3% to a seasonally-adjusted $355.5 billion in February, despite three major snow storms in the East, the Commerce Department estimated Friday. Sales have risen in four of the past five months, and were up 3.9% compared with a year earlier. Most categories of retailers… [Read More]