Many of New York City's small merchants eschew the latest touchscreen and tablet payment technologies in favor of old-fashioned cash registers. The $200 low-tech machine at Holyland Market requires clerks to remember prices and keeps more of a human touch in the transaction, said owner Eran Hileli.
Target has rolled out a website to let startups pitch ideas for tech to improve the shopping experience across channels. The goal is to find early-stage partners for pilot projects, and the site won't be a place for startups to promote their products, the company said.
MedEquities Realty Trust has priced its initial public offering at the bottom of its range at $12 per unit, giving the company a valuation of more than $360 million. MedEquities will trade under the ticker symbol MRT.
Global supply of new or available commercial real estate for investment remains constrained. REIT magazine spoke with five REIT fund managers for their views on opportunities for global investment and the general macroeconomic picture.
A phone survey from CreditCards.com has found that around 14% of adults, or approximately 34 million Americans, are already shopping for the holidays. The survey also found that 52% of US shoppers say that holiday displays shouldn't start until around Thanksgiving Day.
Boyd Gaming has added its 10th Southern Nevada hotel and its first in North Las Vegas with completion of its $380 million purchase of the Aliante Hotel. Transition to the Boyd sports book management is the most significant change planned, the company said.
The historic James Robertson building in downtown Nashville, Tenn., will become a hotel in Hyatt's Unbound Collection. Hyatt Hotels and HRI Properties will spend about $50 million converting the structure near Music City Center.
There are seven retail chains at high risk of defaulting within a year as consumer tastes change and purchases are increasingly made online, according to a Fitch Ratings study. Sears Holdings, Claire's Stores, Nine West Holdings, True Religion Apparel, 99 Cents Only Stores, Nebraska Book and Rue21 are most at risk, the report says.
Prologis CEO Hamid Moghadam attributes the last six months of Prologis' performance -- the best period in company history -- to the foundation established by the merger of AMB and ProLogis in 2011 and subsequent streamlining of operations. The REIT's adeptness in embracing e-commerce trends has also positioned it for further growth, he said.
India now has a REIT regulatory framework in place and has addressed tax issues, and within two or three years, the country's REIT market will be worth at least $20 billion, said Sunder Raman, a member of the Securities and Exchange Board of India. Challenges in setting up the REIT structure included merging global best practices with conditions in India, he said.
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