DEVELOPMENT/REDEVELOPMENT

Delaware center site is Native American burial ground, opponents say

BY Al Urbanski

A Delaware developer’s plan to create a green space and shopping center in Lewes, Delaware, an idyllic shore town that was the site of the first European settlement in the state, has encountered a new obstacle.

After overcoming opposition by some residents to the commercial re-zoning of 11 acres in this town north of Rehobeth Beach, J.G. Townsend Jr. & Co. now must content with protestors who say that its proposed Gills Neck Village Center would desecrate a Native American burial ground.

The NBC-TV affiliate in Philadelphia quoted one protestor as saying that the burial ground, known as the Townsend Site, was listed in the National Historic Register. Sussex County Council president Michael Vincent told the station that, if any trace of a burial site is found, construction won’t be permitted.


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FINANCE

Report: Last-minute shopping boosts holiday spending

BY CSA STAFF

Holiday procrastinators may have saved retailers this year.

A jump in consumer spending in the final home stretch helped to offset a slow start to the U.S. holiday shopping season, and is likely to help many retailers beat sales forecasts, Reuters reported.

While official government data and results from retailers will not be available until next month, some industry analysts are feeling bullish about holiday 2016. Craig Johnson, president of Customer Growth Partners, told Reuters that he now estimates sales growth of 4.9% in November and December, up from his initial estimate of 4.1% growth.

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REAL ESTATE

Sears announces new round of store closings

BY CSA STAFF

Sears Holdings’ store portfolio continues to shrink.

The struggling retailer told employees on Tuesday that it will close 30 Sears and Kmart stores in early 2017, reported Business Insider.

The latest round of closures will bring the total number of stores that the retailer has closed this fiscal year to more than 200, according to the report, and leave it with fewer than 1,500 locations by early 2017.

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