Los Angeles A survey of U.S. retailers conducted by Los Angeles-based CB Richard Ellis, the world’s biggest commercial property broker, showed that 92% are planning to increase store openings this year.
The report, “Shop Talk -- A Retailer’s Perspective,” also finds that despite an improving economy, nearly all the retail executives surveyed believe that retailers will either fall or remain flat throughout the remainder of 2010.
“Our survey shows that retailers are increasingly more confident about their growth plans for 2010, and even more so for 2011,” said Anthony Buono, executive managing director of CBRE Retail Services in the Americas. “Although they remain cautious as to the overall impact of the global economy on the domestic market, most remain optimistic about their prospects for their own businesses, near- term as well as long-term.”
The findings in the report include:
The report surveyed more than 100 retail executives across all business lines and was conducted between March and April of 2010. More than 60% of the retailers surveyed were either global or national in scope. Respondents included a cross-section of participants from various retail categories (including apparel & accessories, discount stores, restaurants, electronics & appliances and home furnishings) located in a wide range of retail property types (including regional centers, community centers and power centers).