<p>Peppa Pig, the cartoon character
known for jumping in muddy puddles and popular with UK preschoolers,
is set to generate $1 billion in international merchandising and TV
revenues in 2014.</p>
<p>The recently-formed VIA Outlets,
created by a partnership between Hammerson, Value Retail, Meyer
Bergman and APG, have acquired a new European portfolio of three
outlet retail centers</p>
<p>
The development of the historic New Covent Garden
Market site in London has now been given the green light by
Wandsworth Council and it is expected that work will start in a few
months time.</p>
<p>Music legend Neil Young, long known
for his activism on behalf of family farms and local produce, is
asking his fans to boycott Starbucks coffee and coffee shops during
the busy holiday season.</p>
In the UK the surprisingly warm weather for the time of year is adversely affecting some clothes retailers’ sales, but Ted Baker has seen sales rises in the 3 months to 8 November.
<p>Beleaguered retailer Sears Holdings
Corporation announced that it was investigating the possibility of
initiating a REIT transaction that would involve between 200 and 300
of its existing properties. </p>
<p>The Gateway shopping center in Salt
Lake City, UT, a property holding of Retail Properties of America,
Inc., has been experiencing an increasing downturn in performance,
leading its parent company to write down the property’s carrying
value to $75 million, a reduction of 35 percent. </p>
Rents in New York’s Upper Fifth Avenue reached a record $3,500 per sq ft according to Cushman & Wakefield’s Main Streets Across the World report for 2014/2015
Malls Money · Weekly retail intelligence
Know what's moving before the press release
Verified signals on brand expansion, store openings, and mall development. Free.
