Vineland
DEVELOPMENT/REDEVELOPMENT

Big center going up near Disney World

BY CSA STAFF

Williams Company Southeast has announced plans to break ground on what it claims will be the biggest to be built in Central Florida for years.

Vineland Point, a 447,500-sq.-ft. project developed by O’Connor Capital Partners on I-4 and Daryl Carter Parkway in Orlando exceeds the size of The Crosslands, another O’Connor project constructed by Williams that opened in Kissimmee in 2015.

O’Connor estimates that 185,000 vehicles pass the location each day and that 48 million visitors annual shop the immediate retail market, which includes the Orlando Vineland Premium Outlets.

Available are retail spaces ranging between 9,000 sq. ft. and 60,000 sq. ft. and restaurant spaces from 7,000 sq. ft. to 30,000 sq. ft.

Williams, which has built more than 400 Target stores, is one of the Southeast’s largest construction companies.


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albertson
C-SUITE

Albertsons makes exec appointment

BY CSA STAFF

Albertsons Cos. on Monday appointed the president of its Jewel-Osco division, Mike Withers as executive VP, retail operations, Albertsons.

Withers will lead the company's East Region operations, while current executive VP, retail operations Susan Morris will lead the West Region. Jim Perkins, executive VP, retail operations Special Projects, is focused on targeted initiatives to accelerate growth. All three executives will continue to report to Wayne Denningham, president and COO, ALbertsons.

"Mike is an exceptional leader who understands our business and market areas from coast to coast," said Denningham. "Throughout his career, Mike has worked closely with many members of our current leadership team, and his management experience and operations expertise will help all of our divisions run really great stores."

Withers began his career with Albertsons in 1976 in Boise. Like many of the company's executives, he started as a courtesy clerk.

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Shoppers
FINANCE

Consumer confidence slips in April

BY HBSDealer Staff

April's consumer confidence metric didn't live up to the new benchmark established in March, when consumer confidence reached a 16-year high.

This month, the Index declined to 120.3 from 124.9 in March.

“Consumer confidence declined in April after increasing sharply over the past two months, but still remains at strong levels,” said Lynn Franco, Director of Economic Indicators at The Conference Board. “Consumers assessed current business conditions and, to a lesser extent, the labor market less favorably than in March. Looking ahead, consumers were somewhat less optimistic about the short-term outlook for business conditions, employment and income prospects. Despite April’s decline, consumers remain confident that the economy will continue to expand in the months ahead.”

The Present Situation Index also decreased from 143.9 to 140.6. Consumers saying business conditions are “good” declined from 32.4% to 30.2%, while those saying business conditions are “bad” increased slightly, from 13.1% to 13.8%. Consumers’ assessment of the labor market was moderately less favorable. Those stating jobs are “plentiful” declined from 31.8% to 30.8%, while those claiming jobs are “hard to get” was virtually unchanged at 19.1%.

Meanwhile, the Expectations Index declined from 112.3 last month to 106.7. The percentage of consumers expecting business conditions to improve over the next six months decreased from 26.9% to 24.8%, while those expecting business conditions to worsen rose from 8.5% to 10.9%. The proportion expecting more jobs in the months ahead also declined from 23.8% to 23.0%, while those anticipating fewer jobs increased from 12.7% to 13.1%. The percentage of consumers expecting their incomes to increase declined from 22.5% to 19.3%, while the proportion expecting a decrease held steady at 7.5%.

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