REAL ESTATE

CHUCKiES expands with new location on Upper East Side

BY Katherine Boccaccio

New York — RKF said WeNew York — RKF said Wednesday it has arranged a 1,200-sq.-ft. lease with shoe retailer CHUCKiES at 1052 Lexington Avenue on Manhattan’s Upper East Side.

This will become CHUCKiES’ third location in Manhattan, all on the Upper East Side. The new store will sit between 74th and 75th Streets along the western side of Lexington Avenue.

The new CHUCKiES will occupy 800 sq. ft. on ground floor of the building, as well as 400 sq. ft. of space in the basement.
dnesday it has arranged a 1,200-sq.-ft. lease with shoe retailer CHUCKiES at 1052 Lexington Avenue on Manhattan’s Upper East Side.

This will become CHUCKiES’ third location in Manhattan, all on the Upper East Side. The new store will sit between 74th and 75th Streets along the western side of Lexington Avenue.

The new CHUCKiES will occupy 800 sq. ft. on ground floor of the building, as well as 400 sq. ft. of space in the basement.

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REAL ESTATE

Petco opens at Five Points

BY Staff Writer

Corpus Christi, Texas — Brixmor Property Group announced Wednesday that a 12,420-sq.-ft. Petco recently opened at Five Points, located in Corpus Christi, Texas.

Brixmor, based in New York City, is the owner of Five Points.

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News

Consumer confidence hits new low

BY CSA STAFF

Consumer confidence in January fell to its lowest point since November 2011, according to the Conference Board.

The Conference Board’s index decreased to 58.6, down from a revised 66.7 in December. The figure was lower than forecast; Bloomberg predicted a median of 64.

The drop in confidence coincides with the 2% payroll tax increase used to fund Social Security.

“The thing that’s particularly troubling is the sizable decline in expectations,” Guy Lebas, chief fixed-income strategist at Janney Montgomery Scott LLC told Bloomberg. “As those expectations deteriorate, it doesn’t bode particularly well for day-to-day consumer spending.”

The 8.1-point slump from December to January is the biggest since August 2011, and parallels other measures of consumer confidence. The Bloomberg Consumer Comfort Index dropped in the week ended Jan. 20 to the lowest level since early October and the Thomson Reuters/University of Michigan preliminary index of consumer sentiment dropped in January to its lowest point since December 2011.

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