REAL ESTATE

Faith Hope Consolo to launch TV segment on N.Y. retail

BY CSA STAFF

New York Retail real estate broker and shopping guru Faith Hope Consolo, chairman of Prudential Douglas Elliman’s Retail Group, launches The Faithful Fashionista, Sunday July 18 at 11 a.m., a new segment on WPIX’s popular television program, Metro Residential.

Each week,  Consolo will provide a private tour of  boutiques, restaurants, spas and an eclectic array of lifestyle destinations in various New York City neighborhoods. The premiere segment focuses on the Upper East Side.

“I am delighted to have this opportunity to introduce Metro Residential’s audience to some of my favorite shopping destinations—we are going for glamour,” Consolo said. “There is so much synergy here and in future weeks, viewers will learn about what’s hip and haute in stores at the epicenter of style and be introduced to the intriguing people who have created them.”

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Same story, different month

BY CSA STAFF

Delinquency trends within Target’s portfolio of credit card receivables continued to show improvement in June. The percentage of accounts 60 days past due sank to 4.9% in June, the lowest level so far this year and a sharp improvement from the 5.2% seen in May. The percentage of accounts 60 days past due is approaching levels not seen since the summer of 2008. Also showing improvement are the number of accounts 90 days past due. Roughly 3.6% of accounts are 90 days past, down from 3.7% in May and 4.5% at the beginning of the fiscal year.

 

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No wonder traffic is up

BY CSA STAFF

Target was the top-ranked retailer during the first half of 2010 in terms promotional advertising pages, according to Kantar Media, with roughly 1.3 billion pages. That figures represents a 67% increase from the first six months of 2009 when the company also was the top-ranked retailer in terms of promotional pages. Following Target in the ranking of promotional pages were Dollar General, Walgreens, PetSmart, Family Dollar, CVS, Kroger, Petco, Publix and Ralphs.

The promotional data was part of a study in which Kantar examined free standing insert (FSI) trends during the first six months of the year and discovered a 10.1% increase.

 

“In addition to Target’s expanded use of cooperative FSI coupon vehicles to support their retailer promotion activity, other leading retailer are expanding their use of retail promotion events, especially with the food, drug, value and pet specialty channels,” said Mark Nesbitt, president of Kantar Media Intelligence. “One of the trends observed in response to the declining economy was consolidation of retail shopping trips within the super center format. The increase used of retail promotional events wtih cooperative FSI coupon vehicles may be an effective retail response to company the consolidation of trips.”  

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