Regency Centers upgrades Carriage Gate
Tallahassee, Fla. — Jacksonville, Fla.-based Regency Centers has announced the completion of two new anchor leases and the renovation of Carriage Gate, a 78,583-sq.-ft. neighborhood center, located in Tallahassee, Fla.
New to the market, Trader Joe’s will open a 13,000-sq.-ft. store in 2013. In addition, Regency secured a long-term lease with existing anchor T.J. Maxx, which was formerly subleasing the 25,600-sq.-ft. space. Built in 1978, the center will be renovated with a new exterior façade and awnings, plus the parking lot will be reconfigured for improved traffic flow and additional parking.
Tenants will remain open during construction, which will begin in January 2013. As part of Regency’s greengenuity program to reduce the environmental impact of developing and operating shopping centers, the project will incorporate basic sustainable elements such as recycling building materials and employing environmentally friendly paint and coatings.
Fear not, Halloween sales won’t be scary
The outlook for Christmas spending is decent and Halloween is supposed to be pretty good too.
Even though Halloween falls on a Wednesday this year – always a negative for adult entertainment activities – sales are still expected to increase by a respectable margin, according to the National Retail Federation. The trade group’s recent spending intentions survey conducted by BIGinsight, has the average person spending $79.82 on Halloween stuff this year compared to $72.31 last year. Total spending in the Halloween category is forecast to reach $8 billion, which is good news for Walmart considering its store have regained customer traffic throughout the year.
"By the time Halloween rolls around each year it’s safe to say Americans have already spent two months preparing for one of the fastest-growing and most widely-loved holidays of the year," said NRF president and CEO Matthew Shay. "Retailers know that when it comes to Halloween, new costume ideas for children, adults and pets, and the latest in home and yard décor top people’s shopping lists. We expect retailers to stock their shelves well ahead of time to capture the attention of eager holiday shoppers."
Costumes continue to be a big source of spending, especially for families with children, who will spend a total of $1.1 billion on their children’s costumes, up slightly from $1 billion last year. Not to be outdone by their children, adults will spend $1.4 billion on costumes, up from $1.2 billion in 2011. Pets are also a growing market, with pet owners planning to spend $370 million on pint-sized costumes, up from $310 million in 2011.
Despite record spending figures for this year’s Halloween holiday, one-fourth of U.S. consumers (25.9%) say the state of the economy will impact their Halloween plans. To compensate, 18% will make a costume instead of buying one and over one-third (36.1%) will buy less candy.
Confectioner’s group names new chairman
WASHINGTON — Jelly Belly president and COO Bob Simpson will take over the National Confectioners Association’s executive board as chairman.
NCA’s publication, Candy & Snack Today said Simpson replaces Mitchell Goetze as the chairman of the executive board. Blommer Chocolate Co. president Peter Blommer was appointed to serve as vice chairman, and Goetze, who is president and COO of Goetze’s Candy Co., becomes ex-officio chairman.