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UK/US: SAB set date for Miller announcement
According to press reports over the weekend, the UK-based brewing conglomerate, South African Breweries (SAB), aims to announce its much discussed $5 billion acquisition of the Miller brewing business from the Philip Morris Corporation on May 30, the same day it is due to publish its annual results.
A recent decision by the US Supreme Court will lead to a loosening of regulations regarding direct wine shipments to consumers in many states. David Robertson asks if the ruling could precipitate furt...
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Having recorded a third consecutive year of volume, margin and earnings growth, global brewing force, SAB Miller, was in a position to give shareholders a 27% dividend increase and eye the acquisition...
The hunt for the ultimate sports drink may be at an end....
South African Breweries has defended a controversial redundancy package covering a group of former workers who claimed the deal was signed without their approval....
Former workers at South African Breweries have slammed the country's Food and Allied Workers Union for agreeing to redundancy package without their approval....
Morgan Stanley has resumed coverage of SABMiller....
The Distell Group has advised its investors on the JSE Securities Exchange that, compared to 2003/4, its earnings per share and headline earnings would increase by between 25% and 35% for the year to ...
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Samsung is working with the luxury fashion house Maison Margiela once again. This time, the partnership will bring a custom-made Galaxy Z Flip5 smartphone, and pre-orders/registrations are already live in China.
The phone design is still unknown – it is likely to be revealed once the registrations are done, which is set to happen on November 30.
According to leaked images, the design on the back panel will be colorful, unlike the black-white aesthetics in the predecessor Galaxy Z Flip4. We also are likely to see a custom-made leather case and a unique theme for the cover display.
The phone will remain the same on the inside – a Snapdragon 8 Gen 2 chipset, a 6.7” foldable AMOLED display and a 12 MP dual camera on the outside. If we use the price tag of last year’s edition as a reference, the Z Flip5 Maison Margiela will easily surpass $1,500 and could reach $1,700, depending on exchange rates.
Source (in Chinese)

domain: news


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Cornerstone OnDemand launches App store and API strategy. 2Checkout's new API claims to offer the highest number of global payment methods. Plus: the state of cloud security, Google Maps' coast-to-coast UK public transport data, and the imperative of monitoring your APIs.
Metal, a cryptocurrency-based payment solution provider, announced the early beta release of its Proton Open SDK. The company breaks the SDK into three categories: native wallet SDKs, Proton API, and Web SDKs. The native wallet SDKs and Proton API are now available for beta testing.
Fifteen APIs have been added to the ProgrammableWeb directory today, in categories including Spam, Travel, Bitcoin, Surveys, and Banking. One highlight today is the Basetrip API, which provides detailed International travel information to users. Have a look at what is new for developers.


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Trade Policy Insights: EU – Japan eliminate tariffs – Global Impact Report
Author: Daniela Stratulativ, Head of Global Trade Analysis, IHS Markit Maritime & Trade
- EU Japan Economic Partnership Agreement signed July 17, 2018. Expected to enter into force in 2019 and eliminate tariffs on most commodities.
- EU and Japan represent nearly 30% of the global economy and markets of 600 million people.
- Trade with partners whose products are subject to higher duties than the EU and Japan new negotiated tariffs, will decrease and higher volumes will be traded between EU and Japan.
What do the new tariffs mean for the global supply chains?
- EU imports from Japan in 2017 reached over 5 million tonnes. Top traded commodities were vehicles, machinery, mineral fuels, chemicals, and plastics. EU states importing high volumes of these commodities were: Belgium, Germany, UK, France, Netherlands, Spain.
- Japan imports from EU of over 8 million tonnes in 2017, were highest for wood, vehicles, paper, beverages, and meat. Main exporters were Finland, Sweden, France, Germany, Italy, UK, Spain.
DOWNLOAD FULL REPORT for in-depth insights on:
- Industries and EU States that will benefit by increasing trade with Japan.
- EU and Japan trade partners who could experience decrease in trade volumes.
- Wood trade - highest volume of Japan imports from EU - impact on Egypt, US, China, Morocco, Australia, Norway, United Arab Emirates, Saudi Arabia, amongst others.
- Automotive trade - highest volume of EU imports from Japan - impact on US, Russia, Turkey, South Korea, Mexico, Canada, Switzerland, Norway, Australia, United Arab Emirates, South Africa, amongst others.
This column is based on data from IHS Markit Global Trade Atlas (GTA).
Risks, opportunities, impact on supply chains and shipping industry can be identified for any products at 6-digit code level within GTA. Insights can be complemented with bill of lading data from PIERS and vessel movements via AIS.
We provide The New Intelligence for strategic decision-making to over 50,000 customers in 140 countries - Governments and private sector, including 80% of Global Fortune 500 companies.
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Delivery, food and many other companies raised prices Sunday to cover spiraling materials and labor costs.
Although some of the markups will be made in the wholesale stage, Japanese households, which have increasingly tightening their purse strings, will incur more damage to their pocketbooks because retail price hikes are likely to follow.
As the second half of the fiscal year began on Sunday, major parcel delivery firm Yamato Transport Co. raised its basic shipping rates for individuals by 15 percent on average amid driver shortages and the growth in online shopping.
The hike is the first by the Yamato Holdings Co. unit in 27 years, apart from the national sales tax hike to 8 percent from 5 percent in April 2014.
Yamato Transport is now negotiating with its corporate customers, including Amazon Japan G.K. and other website retailers, on raising their rates.
Among food makers, Ninben Co. lifted wholesale prices for dried bonito products by about 10 to 25 percent. Momoya Co. and Nisshin Oillio Group Ltd. meanwhile raised wholesale prices for 17 boiled laver products and for cooking oil products, respectively.
Those hikes are likely to be followed by retail markups, industry sources said.
At the retail level, Torikizoku Co., a chain of yakitori pubs, will increased its uniform per-item price to ¥298 from ¥280 before tax, the first hike in 28 years.
And, in an apparent bid to improve profitability at a time when the smoking population is in decline and electric cigarettes are attracting more smokers, Philip Morris Japan Ltd. carried out markups on 32 cigarette brands of ¥10 per pack. One pack contains 20 cigarettes.
Meanwhile, long-term inpatients aged 65 or over will face rises in utility fees charged by hospitals, which are aimed at curbing the cost of national medical insurance.
Among the some 210,000 elderly inpatients nationwide, those with relatively minor illnesses will have to pay ¥370 per day, up from ¥320.


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This article is part of our special report ‘Working’ toward healthy eating.
Time is at a premium and many people simply don’t have enough of it to shop, cook and eat healthily. How can new technologies induce change in the eating habits of workers?
It can be hard to make the right food choices in these hectic times. New technologies seem to make life move so much faster.
But these same technologies that can make meals so rushed could also help people make healthier food choices – if they’re used in the right way. The subject is being explored at a healthy eating summit on 19 October in the European Parliament. How can digital tools encourage healthy eating habits and support restaurants in adapting their food offer?
The European Union has been funding a number of projects that are developing digital tools to help people make healthier food choices. Some are eHealth (on a computer) and mHealth (on a mobile) projects that help people manage their calorie intake or other elements like fat or salt.
Other projects are innovating in the health and care system and the way it works. This includes projects that are related to interoperability – the ability of systems and organisations to work together.
One project that has received funding from the EU’s Horizon2020 programme is Spectral Engines. The Finnish start-up is making a portable device that can detect the ingredients and substances in food. It’s so portable that one can use it in the shop, to see if food matches the ingredients listed. This could be particularly helpful for people with allergies.
Started in 2014, the company won the Commission’s Food Scanner Horizon prize this year, receiving an €800,000 funding boost.
Food manufacturers have been working with these new technologies to make sure that their packaging is compatible. Florence Ranson of industry association FoodDrinkEurope says there are many possibilities in this area.
“With apps and online devices, it is quite easy for consumers to keep track of what they are eating and to monitor their daily intakes, as well as track their exercise levels,” she says. “Keeping a balanced diet and healthy lifestyle is therefore easier.”
“There is also more and more information available about products through barcodes which can be scanned and help consumers answer questions they may still have about the product they want to buy, but all the basic nutritional information is on the label anyway.”
Big data is also providing new opportunities to harness information about consumer behaviour and use it to better understand consumption patterns.
Data about peoples’ preferences, and what they are actually buying, is already being used to adjust ingredients.
IBM researchers recently created a computer programme that can generate original recipes based on user preferences. A user can set general parameters about what they want, which may be a particular ingredient, a geographic origin, or a health outcome.
The computer then sorts through a treasure trove of big data to make a recipe. That data includes the molecules and chemical compounds in each ingredient, how those ingredients interact with each other, and what flavours result.
With such technology, we could be coming to a situation where robot chefs at restaurants can make meals based on the health outcome desires of customers.
McDonald’s has also been looking into how to harness big data, at this point mostly for efficiency purposes. They are looking for trends in consumer demand and trying to match them.
Now that food voucher programmes in the EU have gone digital, there are new possibilities there as well. The vouchers now come on an electronic card rather than on paper, and that card could track trends in food purchasing behaviour, if customers so desire. Government authorities could then see how adjustments could be made to encourage the healthiest food choices.
Technological advances have opened up a new world of possibilities for healthy eating. The question is whether they can be harnessed for these productive outcomes, or whether new apps will just be used to find the nearest kebab shop.


text: Sony dropped a bombshell on Game Informer today – on the 5th anniversary of the PS4’s launch, no less – telling the magazine that they’d be skipping E3 2019. No press conference. No booth. Nothing. The competition was quick to pounce, of course, with Xbox tweeting, “We can’t wait to see you all at @E3 2019.” But look past the drama and the social media banter. Why is Sony doing this? What is its goal? The company has attended E3 in each of the convention’s 24 years. The decision to stop doing that is not one that’s made lightly. We’ve got three theories as to why Sony took this bold step.


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Ehrmann are to sponsor Bundesliga giants Bayern Munich.
Sponsors.de reports that the dairy products brand have agreed a three-year deal with the 22-time German soccer champions, worth an annual sum of just under US$570,000. They have been granted a branding presence on the official club website and promotion of their sponsorship will centre around digital and social media activities. Ehrmann become the fourth company in Bayern's food partner category alongside Albi, Bifi and WMF.
Following a disappointing 3rd place finish in last year's Bundesliga, Bayern Munich have been entered into tomorrow's draw for the qualifying round of the Uefa Champions League. The team reached the final of the competition in 2010.


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Last week, Euro NCAP awarded the new Dacia Jogger just one star for having poor safety assistance systems and poor protection for the passengers in the third row, the third row even lack seatbelt reminders. However, despite the poor score – Dacia has hit back and said that the Dacia Jogger is its “safest ever” model and some of the flaws the Euro NCAP tests pointed out are down to choices that Dacia made when the car was being developed.
“This is the result of our choices. We did not implement a seatbelt reminder on the third row because when you want to extract the seats, you need to disconnect and reconnect some electronic features.”
Mark Suss – Dacia VP of Engineering
Dacia also mentioned that despite the pressure, it feels the need to remove any unnecessary features from its new vehicles. With a starting price in the UK of £15,345 it is the cheapest seven seater on sale and has been designed in such a way to be as cost effective as possible.


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Companies urged to boost economy through exports
FIRMS are being urged to export more goods to help the UK achieve a sustainable economic recovery and stop the country becoming a "bit part player".
Business Secretary Vince Cable will tell an industry conference that the economic outlook is promising, so it is time for business to "step up."
In a speech to the British Chambers of Commerce (BCC) annual conference, the minister will say there is only so much spare domestic demand that UK businesses can meet. "If we don't broaden our horizons, we consign ourselves to the certain fate of becoming a marginal, bit-part player in the global economy.
"Yet, despite our best efforts – and those of our partners, like the BCC – there are up to 150,000 UK firms with the potential to export who are failing to exploit the available opportunities. This situation cannot persist."


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SINGAPORE – Singapore’s digital retail banking scene is set to sizzle as players fight to roll out their offerings with GXS Bank firing the first salvo.
Backed by Grab and Singtel, the digital bank, which is allowed to serve retail and corporate clients, on Wednesday (Aug 31) unveiled its first financial product – the GXS Savings Account.
To encourage users to save, it will not require a minimum sum as traditional lenders do and will offer an interest to be earned daily.
Interest will be credited to the account with every one cent earned.
For a start, GXS Bank customers can deposit up to only $5,000 into the savings account and earn daily interest of 0.08 per cent per annum.
Traditional lenders’ savings accounts typically give out interest on a monthly or quarterly basis, usually only at the end of the month.
If a customer wants to save up for specific purposes such as for studies or a vacation, they can create up to eight savings pockets under the GXS account. Each pocket fund can earn daily interest of up to 1.58 per cent per annum.
In recent months, local banks have raised interests rates to woo customers on the back of a rising rate environment, with OCBC the latest lender to do so.
“There are high headline rates for a lot of banking accounts but to achieve that you need to spend on credit cards, buy their insurance products, you need to have a payroll account. We do not have such conditions,” said GXS’ chief executive Charles Wong.
Speaking at a briefing, he noted that the digital bank will calibrate the conditions including the cap on deposits, based on customers’ behaviour and demand.
Mr Wong said the bank aims to support the needs of entrepreneurs, gig economy workers and first jobbers.
“Over the coming months, we will also tackle other obstacles that hinder consumers and small businesses from reaching their goals sooner, such as growing their wealth or accessing credit,” he said.
GXS is one of two players to grab a digital full bank licence granted by the Monetary Authority of Singapore in December 2020. The other licensed player is tech giant Sea, whose digital bank is MariBank.
But Trust Bank, backed by Stanchart and NTUC and with a full banking licence, is expected to unveil its digital banking offerings on Thursday.
When it was pointed out that Hong Kong’s experience with digital banks has somewhat fizzled after the initial fanfare, Mr Wong told The Straits Times he has “high hopes” for GXS and that there are a number of elements that make a successful digital bank.
A key factor is its ability to acquire customers at a relatively low cost compared to other banks.
This is an area where having backers like Grab and Singtel will help, Mr Wong said, adding that collectively, GXS has access to more than three million customers.
“The ability to reach out to customers, the frequency that we have is huge, versus an app that you use once a week or once every two weeks,” he said. Other elements include pricing and products.
And while local lenders can offer high interest rates, “if I cannot withdraw my money, my pain point is cashflow”, Mr Wong said. “So, solving customers’ pain points and making sense to them is critical.”
With a digital full bank licence, digital banks can provide retail customers with services like accounts, deposits and credit and debit cards. They can also serve corporate clients.
But digital banks will not have a physical presence and all banking services are to be done online.
GXS Bank is the first digital bank in Singapore to be awarded the Data Protection Trustmark by the the Infocomm Media Development Authority, a certification awarded when an entity has demonstrated accountable data protection practices.
From Sept 5, the savings account, which is now in use by employees, will be available in Apple’s App Store and Google Play Store. It will subsequently be rolled out to underbanked customers with GXS, Grab and Singtel, as well as other consumers.


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London tech start-up Hero Labs launches to help protect against water leaks in UK homes and properties, with the UK’s first smart leak defence system, Sonic.
Headquartered in London, the company has ambitious plans to install its cutting-edge tech into thousands of properties in the UK in next two years – with a focus on mass-affluent consumers.
Water leaks are a huge issue. Every day, over three billion litres of clean drinking water escapes from faulty pipes in the UK alone and escape of water costs UK insurers £2.5 million a day, or nearly £1 billion a year.
Built from scratch by Hero Labs, Sonic is a smart leak defence system that combats leaks in real time. Fitted easily, in most cases under the sink, it’s the only product in the UK to use ultrasonic technology to monitor water use and then spot anything unusual using AI algorithms – from a slow dripping tap, to a burst water pipe. It sends an alert in seconds via the Sonic app and it can automatically shut off the water supply to prevent a water leak damaging possessions and property.
It’s the UK’s first battery-powered leak defence system, so there’s no need for complicated wiring to the mains and its proprietary radio technology can penetrate as many as eight concrete floors, so it can be installed in basements or other difficult to access spaces where there is no WiFi signal. An optional Hero Assist service adds human-based monitoring centre and a 24/7 emergency assistance.
Hero Labs was founded in September 2018 by Krystian Zajac. He launched the UK’s first smart home insurer, Neos, which Aviva took a majority share in at the end of 2018. Hamish Neale also leads the company as Commercial Director, bringing over ten years’ experience in smart home tech, most notably from CEDIA, the trade body supporting high tech home installations for the world’s most affluent households.
Sonic will help insurers combat escape of water claims – which are the most expensive type of home insurance claim in the UK. Hero Labs is already in conversations to partner with well-known UK insurance companies.
For landlords, property developers and business owners, Sonic can protect their properties from damage and loss of income. For consumers, it gives peace of mind that their homes, loved ones and possessions are safe.
Sonic will also help protect the environment. The amount of water being taken out of the environment or ‘over-abstraction’ means that just one in five UK rivers are now deemed ‘healthy’. Sonic will not only be able to prevent fresh water from being wasted through leaks, but the app will also help people conserve water by giving them helpful hints and tips about which appliances are using the most water, so they can make greener decisions.
Krystian Zajac, founder and CEO of Hero Labs, said “Water leaks are a massive issue in the UK, from damaging people’s homes and possessions to destroying the environment, but very little is being done about it. We want to help people eradicate leaks altogether. Our cutting-edge, AI-powered technology is designed to stop water leaks at the source, saving businesses and insurers money on claims, and saving consumers hassle. Sonic is just the tip of the iceberg for us, and we’ll be continually innovating to bring even more solutions to consumers.”
Hamish Neale, Commercial Director of Hero Labs, added “Anyone who’s experienced a water leak in their property knows the trauma it causes. Being able to turn off your water supply from an app is the kind of futuristic technology that shouldn’t be exclusive to the world’s super rich – we want everyone to be able to protect their property and for customers to trust us to do this. That’s why we’ve developed a neat solution to water leaks from the ground up that is accessible to everyone.”
Sonic will be launching to consumers in Autumn 2019.
Source: Hero Labs


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Calling the product a "game-changer" during an interview on "Mornings with Maria" on Thursday, Scotti stressed that 5G is the "future of growth for Verizon."
With each new generation of wireless technology comes updated infrastructure and technological developments in terms of what that wireless service can achieve within a select time frame. 5G is expected to help artificial intelligence technology become more advanced and useful in our everyday lives.
"I think we will see an acceleration of these new technologies," Scotti said.
Verizon’s 5G Ultra Wideband will offer more than 100 million people in more than 1,700 different cities across the country access to speeds up to 10 times faster than 4G, according to the company.
|VZ||VERIZON COMMUNICATIONS INC.||32.47||-0.52||-1.56%|
Scotti stressed that the network will not only allow people to have "regular 5G," but "a premium product" that is much faster and "safer" than WiFi.
He argued that the product is going to "change the way people interact with technology."
The "metaverse," is envisioned as an immersive online space where users can play games and interact with others as avatars in a computer-generated environment.
According to industry experts, people will be able to shop and attend virtual concerts as well as sporting events in the metaverse.
While the term dates back to 1992, in October, Facebook CEO Mark Zuckerberg announced that his company would change its name to Meta Platforms Inc., and also disclosed plans to transition it into a "metaverse company."
"We designed this 5G Verizon network with the metaverse in mind," Scotti said.
He argued that in order "for people to be able to combine the real physical world with experiences that happen digitally," the speed and computing power of 5G is necessary.
Scotti also noted that for consumers to be able to have quality Virtual Reality and Augmented Reality experiences, "you can’t do that with WiFi," and, therefore, 5G is needed.
He went on to argue that the technology is needed now more than ever, especially because the COVID-19 pandemic has accelerated changing consumer behaviors as it pertains to the way they work, access entertainment and learn.
"I think we are going to see an acceleration of this new technology," Scotti told Bartiromo. "And think about it, Now, one in three customers already have a 5G device in their hands and then you put 5G in homes, it is incredible."
FOX Business’ Audrey Conklin, Lacey Christ and The Associated Press contributed to this report.


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Android’s rise to the top of the mobile operating system food chain as measured by device proliferation has been remarkably swift, but not without its drawbacks. Due to the nature of Google’s open source OS and its aggressive strategy, smartphone vendors that make use of the platform have each gone their own way with software development, hardware design and other key elements. As a result, Android fragmentation, which might be defined as the spread of diverging versions of the Android OS across devices with varying core characteristics, was born.
Whether or not fragmentation is a problem in the Android ecosystem is a topic that is intensely debated by enthusiasts. Some claim the problem will eventually lead to Android’s downfall while others deny the issue even exists. Outside of these heated debates, a number of individuals and firms have tried to analyze the matter and look at fragmentation’s potential impact on the bigger picture.
In October last year, developer Michael DeGusta created a visualization of what he called Android’s fragmented update history. “Ever since the iPhone turned every smartphone into a blank slate, the value of a phone is largely derived from the software it can run and how well the phone can run it,” DeGusta wrote. “When you’re making a 2 year commitment to a device, it’d be nice to have some way to tell if the software was going to be remotely current in a year or, heck, even a month.”
Following DeGusta’s report, graphic designer Chris Sauve took data from a number of sources earlier this year in an attempt to measure fragmentation and in doing so, he determined that despite its unveiling in 2010, 2012 will be the year of Gingerbread. So far, there is no denying that he is right — Gingerbread currently resides on more than 64% of Android devices globally according to Google’s own Android distribution data.
Now, OpenSignalMaps has thrown its hat into the ring. Using data from 681,900 devices that downloaded the firm’s software over the past six months, OpenSignalMaps found there to be 3,997 distinct Android devices running its app, though the figure counts each custom ROM found to be running on various smartphones as a separate device.
The developer found a staggering array of Android version and display resolution combinations, and said the issue is likely to get worse. “[Android version] and screen fragmentation is probably going to get worse,” the firm wrote in its report. “Android has, however, shown committment [sic] to make it easier to target multiple screen sizes – by introducing the (perhaps ironically named) fragments APIs in 2011 which makes it easier to turn view elements into modules.”
But despite the current trend, OpenSignalMaps concluded that the benefits of building apps for Android far outweigh the drawbacks. “One of the joys of developing for Android is you have no idea who’ll end up using your app,” the firm noted. “With many devices under $100 unsubsidized, Android phones and tablets are able to reach a market that can’t afford netbooks. For the majority of the world’s population smartphones (and not computers) will be the must-have devices.”


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"The iPhone 5 is supporting one of the frequencies, but requires approval by the labs here in the UAE and then by the TRA," said Tariq Al Awadi, the executive director of TRA's spectrum department, without indicating a time frame for when the phone will be available and approved in the UAE.
Currently, the UAE has long-term evolution (LTE) capabilities, a superfast mobile broadband, in two different bands - 2.5 gigahertz and 1.8 gigahertz. Mr Al Awadi said that the iPhone 5 supported the 1.8 gigahertz frequency but might require some changes in the phone's operating system.
LTE offers data speeds of more than 100 megabits per second - more than double the fastest connection offered by the existing third generation (3G) networks.
Problems with frequency incompatibility emerged after the release of Apple's new iPad earlier this year, which operated on the 700 megahertz band, a frequency that will only be available in the UAE in 2015.
"We submitted proposals to the ITU [International Telecommunications Union] for introducing the 700 megahertz band at the beginning of the year and hopefully by 2015 we will have this technology in the UAE," said Mr Al Awadi.
The iPhone 5 is already available on the grey market here, while both Etisalat and du are expected to officially launch the phone next month. Both operators are currently offering the "nano-sized" Sim cards for phones already bought on the grey market.


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Volkswagen has picked Chattanooga, Tenn., for a new assembly plant. The move is expected to create about 2,000 jobs. Europe's No. 1 carmaker has 2 percent of the U.S. market and aims to triple that by 2018. Its plans have been helped by a weak dollar.
Volkswagen Picks Tenn. For New Plant
News & Features National Public Radio · NPR ·


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Tata may sell off its loans to raise cash
Tata Motors, the owner of Jaguar and Land Rover, may be forced to sell its car loans at home in India to raise money for working capital, analysts say.
Tata's sales in India fell 20 per cent in October and 30 per cent in November with signs that the situation is worsening in the country.
Toyota said today it plans to slash production in India by 20 per cent as the global car market worsens.
Trouble: Tata, owner of Land Rover, may have to selll loans
The company, the world's largest vehicle manufacturer, says the squeeze on lending to consumers is to blame. Toyota built 3219 vehicles in November.
A report by India's enam Securities says Tata could liquidate its loan portfolio of 80 billion rupees (£1.08billion) in part or full to fund any shortfall in working capital.
Reeling under the cash crunch, Tata Motors for the first time in 13 years recently unveiled a scheme to raise money through a public deposit plan offering 11 per cent interest over three years to raise 27 billion rupees.
British-based carmakers are feeling the crunch and Jaguar Land Rover says it wants a £1billion bailout.
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New Chinese carmaker Qoros to unveil first sedan at Geneva Motor Show 20131 min read . Updated: 07 Dec 2012, 07:37 PM IST Qoros, a newcomer on the Chinese car market, will unveil its very first model, a compact sedan headed for European and Asian markets, at the Geneva Motor Show, which runs from March 7 to 17, 2013.
Qoros, a newcomer on the Chinese car market, will unveil its very first model, a compact sedan headed for European and Asian markets, at the Geneva Motor Show, which runs from March 7 to 17, 2013.
The first sketches made available by Qoros show a model with a dynamic design that hints at the powerful sedans of German carmakers.
Qoros also came up with a new way to integrate daytime running lights by setting up illuminated LED strips at the top edge of the headlight clusters to improve visibility.
The model boasts an internally developed multimedia system, with a touch screen that ensures optimal communication between the driver and the vehicle. The team of designers that worked on the Qoros model also created the multimedia interface's graphic elements on top of designing the screen itself.
Qoros plans to unveil the model to the world at the Geneva Motor Show, in March 2013, alongside two concepts that will provide a glimpse of other models to come. The Qoros sedan is expected to hit the Chinese market in late 2013, shortly followed by a launch in Europe. The brand plans to launch new models approximately every six months to develop its range.
Qoros is a joint-venture founded in 2007 by Chinese brand Chery Automobile and the Israel Corporation holding.


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Tremor Network said today it acquired in-stream video ad-scheduling firm Dynadco, the creators of Ad-inStream.
Premium video is coming of age on the Web with pay-per-download content showing up on Google and other platforms. As a recent report from Points North Group says users prefer an ad-supported model to the $1.99 fees charged by many services, it’s a smart move to firm-up video ad-serving technology now and be in place as the demand prepares to reach critical mass.
Businesses near ‘PokeStops’ are enjoying a huge surge in footfall due to the popularity of Pokémon Go, according to our first major ... read more
A new organization, The Coalition for Better Ads, has been launched to “leverage consumer insights and cross-industry expertise to develop and implement ... read more


text: Parental tips to protect children online Published Jan. 31, 2023 By Special Agent David A. Shaver OSI Internet Crimes Against Children Operations Manager, Liaison Officer QUANTICO, Va. -- With the rise of digital technology, protecting children online has become more important than ever. In 2020, The National Center for Missing and Exploited Children, or NCMEC, reported a 97.5 percent increase in online child enticement reports. This means online predators are targeting more and more children. Social media and other digital platforms can be dangerous, so parents must educate themselves on the dangers of social media and other digital platforms. Here are some tips for parents to protect their children from online predators and keep them safe: As a parent, educate yourself and your children about the dangers of the internet. Talk to them about the potential risks of sharing personal information and interacting with strangers online. Parents can use free resources from the National Center for Missing and Exploited Children (NCMEC) such as NetSmartz to help educate their children about online safety. By following these tips, you can help keep your children safe online and protect them from the dangers of child predators and sextortion. Keeping an eye on and communicating about online safety is an ongoing process. It’s critical to always monitor your children's online activity. To help you with this, parents should use parental control software such a Norton Family, Bark or Aura to track your children’s internet usage and monitor the content they’re viewing. Parents should also set boundaries and rules for internet use with their children, like establishing clear parental guidelines for what websites, apps and social media platforms are allowed in your home. Strongly encourage open communication between you and your children regarding their online activities. Let them know that they can come to you if they encounter anything online that makes them feel uncomfortable or unsafe. Remind your children they should never feel embarrassed or ashamed to tell you if they have been a victim of online exploitation or abuse. Also encourage them to be cautious about sharing personal information online. Explain to them that their name, address, phone number and other personal information should not be shared with strangers. In addition, tell your children they should never meet someone they have met online in person without you or another trusted adult present. Ensure your children know once something is posted online, it’s essentially there forever. Be open and honest with your children. They need to know that personal information and photos posted online can be very hard to remove and can be seen by many people – including bad people who may want to harm them or other family members. Because of this, make sure your children know never to send explicit photos or videos of themselves to anyone online, even if they feel pressured to do so. Parents should also make sure their children know that not everything online is true. Teach them to verify information with you and be skeptical of content that seems too good to be true. Again, by following these tips, you can help keep your children safe online and protect them from the dangers of child predators and sextortion. Remember, online safety is an ongoing process and requires constant communication and monitoring by parents. For more useful information, check out NetSmartz at: https://www.missingkids.org/NetSmartz .


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The new vinyl Bearbrick by Medicom debuts in its first collaboration for the new year. Coming with a Christmas theme in a glittery metallic look, the soft vinyl toy is a collaboration with Japanese department store Isetan. It will be released January 4th.
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REEF Technology Inc. has reportedly acquired iKcon Restaurant LLC and announced its entry into the Middle East and North Africa region. The iKcon acquisition is the company’s first major deal in the MENA market and is part of its broader global expansion strategy.
Tommy Rosen, REEF’s Head of Development cited that the company is delighted to integrate iKcon and its team into its global proximity platform. He added that MENA is an important region for the rapidly evolving retail and F&B sectors and this acquisition will allow the company to position itself as a regional leader.
iKcon possesses a network of advanced kitchens across prime locations and more than 800 employees. It uses its latest facilities, highly qualified teams as well as smart tech solutions to expand the reach of its portfolio consisting of more than 100 popular international, regional, and local restaurant partners. This includes California Pizza Kitchen, Just Salad, YO Sushi, German Doner Kebab, Dunkin', and local brands like Pizza Di Rocco, and PINZA.
Khalid Baareh, the Chief Executive Officer and Co-Founder of iKcon stated that the company has constantly emphasized operational excellence and building a business model centered on customers since its inception.
He added that iKcon is delighted to join the REEF team and continue its aim of bringing innovation to all neighborhoods. The leadership of REEF in proximity will be crucial for expediting its regional expansion plans and the company is committed to navigating REEF’s development in MENA.
REEF focuses on the transformation of urban spaces into proximity hubs that leads to job creation, the introduction of new experiences as well as goods and services to neighborhood across the world.
The company has already established itself in Abu Dhabi’s international financial center ADGM (Abu Dhabi Global Market) and it has plans to expand growth throughout the region.


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Stellantis ‘deal’ underscores intrinsic problems with corporate welfare
Automaker Stellantis recently halted construction of its electric vehicle battery factory in Windsor because the Trudeau government has not delivered a promised $500 million to help with capital costs. In addition, the firm now wants a deal more competitive with the United States—specifically, a deal that matches the slew of subsidies introduced in the Biden administration’s Inflation Reduction Act—which would mean $3 billion more in tax credits alone. Unfortunately, this is just one more glaring example of the problems with corporate welfare.
The news comes just weeks after the Trudeau government announced it will spend an estimated $13 billion on subsidies for Volkswagen’s Ontario battery plant and offer $700 million to help with construction. According to the Trudeau government, the handout—funded by taxpayer money—was necessary to compete with the United States. For his part, Ontario Premier Doug Ford recently said the federal government should support Stellantis as it did Volkswagen.
But continuing to engage in a subsidy war will come with huge costs to Canadians. Indeed, federal, provincial and local governments spent $352.1 billion (inflation-adjusted) subsidizing firms from 2007 to 2019 (the last pre-COVID year of available data). That huge number includes government transfers to businesses but excludes other forms of government support such as loan guarantees, direct investment and regulatory privileges for particular firms or industries, so the actual level of corporate welfare was much higher. Every dollar spent on corporate welfare is a dollar unavailable for tax cuts or other spending priorities.
Not only does corporate welfare come at a huge cost to taxpayers, but a significant body of research indicates it doesn’t produce widespread economic growth or job creation. In fact, corporate welfare may actually hurt the economy.
Why? Because all else equal, jurisdictions that hand out subsidies must impose higher tax rates on everyone else to make up the difference. Higher taxes discourage economic activity, and the higher the rates, the more economic activity they discourage. So, subsidies depress economic activity in some parts of an economy to encourage it in others.
To make matters worse, subsidies typically have no affect on firm location decisions. Surveys suggest that between 75 and 98 per cent of subsidized firms would have chosen their location even without the subsidy because other factors such as proximity to a customer base, supply chains and livability seem to matter more.
Finally, even if a subsidy does entice a firm to relocate, that may not be a good thing. That’s because a firm that can be lured by a subsidy is a firm that may be lured away by another country or province in a few years. It makes no sense to build an economy around such flighty firms. Moreover, if the firm wouldn’t locate in an area without artificial enticements, that may mean the firm isn’t a good fit for the region anyway.
When it comes to economic development, there are no get-rich-quick shortcuts. The best route to growth is the tried-and-true approach supported by a large body of research, which shows that provinces that foster economic freedom through low taxes and sensible regulations tend to prosper. Those that don’t, tend to languish. And if you think you have to offer subsidies to entice firms to your province, that may be an indication that your taxes are too high or your regulations are too onerous.
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Say goodbye to that annoying background noise.
You ever watch a train-wreck of a commercial and wonder how on earth it got through all the people it had to get through to get on air?
Google's excellent photos service is now fully separate from Google+ and is a standalone app in its own right. And it's really impressive.
If you blinked during Google I/O's opening keynote, you might have missed any one of the company's product announcements -- there were that many. Among them: a look at the next version of its mobile OS with the Android M Developer Preview, the long-a...
Google kicked off its annual I/O developer conference kicked on Thursday and showed off a lot of updates coming to Android.
Google I/O's jam-packed opening keynote on Thursday included a cool surprise: A new VR initiative called Expeditions that lets teachers take their students on virtual field trips to places they might not otherwise be able to visit. Expeditions is a s...
Google's first officially-approved online course in Android development will cost $200 per month; the course will take six to nine months to complete.


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Itronics reports commons shares, shipments
Itronics reported that as of July 31, the company had 12,620,262 common shares issued and outstanding, compared to 12,117,966 as of Dec. 31, 2016, an increase of 502,296. Based on the July 31, 2017, closing stock price of $0.37 per share, the Itronics market cap is $4,669,497.
Itronics also has made its first shipment of silver-copper bearing glass produced by its e-scrap refining technology. The company also recently made its second shipment of silver bullion produced by the new e-scrap refining process.
Reno-based design firm MBA Architecture and Design is assisting on the $47 million Caesars Entertainment project in downtown Reno.


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Ryanair profits soar to £75m
BUDGET airline Ryanair Holdings has raised its full-year profits by 37% to e123.4m (£75m), buoyed by a sharp increase in passengers as customers took advantage of its cut-price tickets.
The Dublin-based company, which operates 55 routes between 12 European countries, said it had increased revenues, passenger traffic and profitability despite higher fuel prices, an economic downturn and the outbreaok of foot-and-mouth disease.
'Despite these negative market conditions, Ryanair has continued to deliver disciplined growth in fleet, new routes, traffic, revenues and profitability,' said chief executive Michael O'Leary. 'Whilst current trading conditions remain challenging, Ryanair is maintaining its ambitious targets for new route development and traffic growth.'
Revenues rose 32% to e487.4m for the year ended March, with 92% of sales from bookings over the web. Passenger numbers jumped 35% to 7.4m. The company is aiming for passenger growth of 23-24% this year.
Ryanair upped the stakes against its main rivals Go and easyJet with several promotions last year. It offered half a million return flights for just £5 in October, and announced a million cheap seats to 21 European destinations at the beginning of the year, with a rock-bottom n
Lower distribution costs thanks to web sales helped offset higher fuel costs, which jumped 52% due to rising oil prices, increased flying hours and the weakness of the euro.
Ryanair bought 10 new Boeing 737-800 series aircraft during the year, bringing its total fleet to 36, and added 10 new routes from London Stansted, Glasgow Prestwick and Ireland's Shannon to Europe.
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Hoax e-mail targets businesses
Consumer Affairs is warning the public about a deceptive “phishing” e-mail being circulated in Bermuda, purportedly sent on behalf of The Department of Consumer Affairs.
The fraudulent e-mail letter claims that a complaint has been filed against your business which requires your response to the attached link in writing within ten days.
Karen Marshall, executive officer of Consumer Affairs said: “This e-mail was not generated or sent from our office. We would not send out via e-mail a letter of this nature; that is not the procedure we follow when notifying a business of a complaint filed against them.
“When a complaint is filed against a local business, we would contact the business via telephone or by an on-site meeting in the first instance. Throughout any investigation the stakeholders are kept informed during the process and seeking sensitive information from a company would be handled via guidelines within the legislation.”
Anyone who receives this e-mail is asked to delete it and not to click on the link.


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While prices dropped 18.3 percent in 2016, IBISWorld expects the price of Solar Panel Installation to decrease at slower rate of 4.4 percent in 2017.
“Despite surging demand, advancements in solar technology and installation and falling PV panel prices will continue to fuel price declines for installation services,” says IBISWorld business research analyst, Sean Windle.
IBISWorld expects the first scheduled reduction in the business energy investment tax credit (ITC) at the end of 2019 to cause a flurry of solar panel installations during the next three years as buyers take advantage of the current 30.0% credit. Despite an uptick in demand, the overall falling price of PV panels will allow suppliers to offer lower rates for installation services. Nonetheless, tighter restrictions on Chinese solar panel imports will slow the pace of decline in solar panel prices and, consequently, installation prices.
“While prices are forecast to fall further during the next three years, price volatility will remain high. As a result, buyers will have more difficulty accurately budgeting their future spending on installation services. IBISWorld does recommend that, if possible, buyers take advantage of the current 30.0% tax credit before it is reduced at the end of 2019,” says Windle.
Have you checked out our YouTube page?
We have a ton video interviews and additional content on our YouTube page. Recently we debuted Power Forward! -- a collaboration with BayWa r.e. to discuss higher level industry topics as well as best practices / trends for running a solar business today.
Our longer running side project is The Pitch -- in which we have awkward discussions with solar manufacturers and suppliers about their new technology and ideas so that you don't have to. We've discusses everything from residential rail-less deck attaching and home solar financing to large-scale energy storage value stacking and utility-driven new home solar + storage microgrids.
We also post our Project of the Year announcements there! Interviews with this year's winners will be up starting the week of Nov. 8. Head there and subscribe today to stay on top of all this extra stuff.


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Birmingham, Ala. — Bailey brings 20 years of CRE experience to the role.
- Published in The Latest News
Covington, Wash. — A joint venture between Oakpointe Communities and Presidio Residential Capital has received unanimous approval from the City of Covington to develop LakePointe Urban Village, a $670 million…
East Rutherford, N.J. — Triple Five Cos. and the Ghermezian family, developers of the American Dream Meadowlands project, have secured $1.6 billion in private construction financing for the project, which…
Cincinnati — Phillips Edison Grocery REIT I Inc. (OTC: PHLD) has entered into an agreement to acquire the real estate assets and third-party asset management business of its sponsor firm, Phillips…
Washington, D.C. — Roadside Development and North America Sekisui House LLC have announced that Wegmans will anchor the redevelopment of the former Fannie Mae headquarters at 3900 Wisconsin Ave. in…
Miami — A partnership between Federal Realty Investment Trust, The Comras Company and Grass River Property has announced plans for the redevelopment of CocoWalk, a lifestyle center located in Miami’s…
Scottsdale, Ariz. — HFF has arranged the $26 million sale of The Village at Hayden, a 156,751-square-foot mixed-use development located in Scottsdale.
Raleigh, N.C. — FCA Partners LLC has acquired Celebration at Six Forks, a 125,000-square-foot shopping center located in Raleigh, for $19.1 million.
Bal Harbour, Fla. — Whitman Family Development has gained final approval from the Bal Harbour Village Council for the $400 million enhancement plan for Bal Harbour Shops, an upscale, 450,000-square-foot, open-air shopping…
Livermore, Calif. — RedMill Capital and ANICO Eagle LLC will break ground this month on The Shops at Livermore, a 115,000-square-foot mixed-use development in the upscale Bay Area suburb of…
Eatontown, N.J. — Kushner Companies and Rouse Properties have created a new joint venture to redevelop Monmouth Mall into the Heights at Monmouth, an innovative mixed-use destination that is expected…
Corona, Calif. — Irvine, California-based Passco Companies has acquired Temescal Village, a 102,976-square-foot neighborhood shopping center in Corona, California, for $16.95 million.
Chappaqua, N.Y. — Quincy, Massachusetts-based The Grossman Companies and Southport, Connecticut-based Summit Development are developing Chappaqua Crossing, a 120,000-square-foot high-end retail development on the site of the former Reader’s Digest…
Morristown and Maryville, Tenn. — Chattanooga, Tenn.-based CBL & Associates Properties Inc. has sold College Square and Foothills Mall in Tennessee to New York-based Time Equities Inc. for a combined…
Nashville, Tenn. — As first announced in the cover story of April issue of Shopping Center Business, GBT Realty Corp. has now officially launched its value-add division, naming industry veteran…
Middletown, N.J. — Wegmans Food Markets will open a 130,000-square-foot store at National Realty & Development’s planned The Shoppes at Middletown in Middletown, New Jersey.
Daytona Beach, Fla. — Three new tenants have signed leases at ONE DAYTONA, a 300,000-square-foot mixed-use town center across from the Daytona Motor Speedway being developed by International Speedway Corporation…
Warrendale, Pa. — Teen apparel retailer Rue21 filed Chapter 11 bankruptcy on Monday, May 15 with plans to reorganize and restructure its assets and debts.
Dearborn, Mich. — Ford Motor Co. has begun its Dearborn campus transformation with the groundbreaking of Wagner Place, a development featuring office and retail space.
New York City — Kimco Realty (NYSE: KIM) has signed its first round of retail leases at The Boulevard, a $180 million lifestyle center in the Staten Island borough of…
Paramus, N.J. — A joint venture between Advance Realty and Invesco Real Estate is set to break ground on a 40,000-square-foot retail redevelopment roughly 22 miles outside New York City…
Escondido, Calif. — Faris Lee Investments has arranged the $25 million sale of Gateway Center, an 89,625-square-foot shopping center located in Escondido.
Galveston, Texas — HFF has arranged the sale of Broadway Shopping Center, a 74,604-square-foot shopping center located in Galveston.
Dallas — Mexican restaurant Mesero and gym chain Orangetheory Fitness will both open locations within the next 12 months in Victory Park, a 75-acre, mixed-use development in downtown Dallas.
Oklahoma City — A joint venture between The Outlet Resource Group (TORG) and Singerman Real Estate has acquired The Outlet Shoppes at Oklahoma City, a 400,000-square-foot retail center located in…
Scottsdale, Ariz. — CBRE Group Inc. has arranged the $31 million sale of Scottsdale Towne Square, a 162,259-square-foot shopping center located in Arizona.
Mill Valley, Calif. — Mill Valley-based Four Corners Property Trust Inc. has acquired 16 properties occupied by Bob Evans Restaurants as part of a $35.1 million sale-leaseback transaction.
Cumming, Ga. — New Market Properties LLC, a subsidiary of Preferred Apartment Communities Inc., has acquired Castleberry-Southard, an 80,018-square-foot, grocery-anchored shopping center located in the Atlanta suburb of Cumming.
Orange Village, Ohio — HFF has secured $142 million in financing for the development of Pinecrest, a 650,000-square-foot mixed-use development located in the Cleveland suburb of Orange Village.
Chicago — Starbucks Coffee Co. has unveiled plans to open a Starbucks Reserve Roastery in Chicago in 2019.
Chicago — PCCP has provided a $36 million senior loan for the refinancing of Village Market, a 102,224-square-foot shopping center located in the Lakeshore East neighborhood of Chicago.
San Diego — Marcus & Millichap has arranged the $15 million sale of Rosecrans Shopping Center, a 43,108-square-foot retail center located in San Diego.
Fern Park, Fla. — HFF has arranged the $10 million sale of, and secured $7.4 million in acquisition financing for Main Street Square, a 108,509-square-foot shopping center located in the…
Pasadena, Spring and Alvin, Texas — Dirt Cheap, a Mississippi-based extreme value retailer, has signed leases at three locations in the greater Houston area.
Chicago — Vapiano has unveiled plans to open a 9,188-square-foot restaurant inside the AC Hotel Marriott in Chicago.
Palm Beach Gardens, Fla. — TH Real Estate, an affiliate of Nuveen (the investment management arm of TIAA), has acquired the Promenade Shopping Plaza, a 202,696-square-foot, grocery-anchored retail center in…
Brisbane, Calif. — Brisbane-based women’s retailer Bebe has announced it will close all 168 of its remaining stores.
Solana Beach, Calif. — CBRE has arranged the $33.3 million sale of BeackWalk, a 54,973-square-foot shopping center located in Solana Beach.
Pompano Beach, Fla. — Cushman & Wakefield has arranged the $30 million sale of Pompano Plaza, a 126,928-square-foot shopping center located roughly 36 miles north of Miami in Pompano Beach.
Glenview, Ill. — Mid-America Real Estate Corporation has arranged the sale of Glenbrook Market Place, a 60,575-square-foot shopping center located roughly 19 miles outside Chicago in Glenview.
Overland Park, Kan. — Lane4 Property Group has begun the demolition of the vacant Metcalf South Mall in Overland Park.
Bakersfield, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $2.65 million sale of a 1,850-square-foot Starbucks Coffee location in Bakersfield.
Houston and Dallas — Whitestone REIT (NYSE: WSR) has entered into separate purchase agreements to acquire BLVD Place in Houston and Eldorado Plaza in Dallas for a combined $204.6 million…
Chappaqua, N.Y. — A joint venture between The Grossman Companies and Summit Development is set to break ground on Chappaqua Crossing, a 120,000-square-foot shopping center located in Chappaqua, New York.
Harvey, La. — KeyBank Real Estate Capital has secured a $20.9 million CMBS loan for the acquisition of Centre at Westbank, a 174,445-square-foot retail power center in Harvey, less than…
Ocala, Fla. — Earth Fare has opened its newest store today at Shady Oaks Shopping Center, a 260,419-square-foot retail center located in Ocala.
Fairfield, Ohio — Cooper Commercial Investment Group has arranged the sale of a net leased Starbucks Coffee property in Fairfield, a suburb of Cincinnati, for $1.7 million.
Warrendale, Pa. — Teen clothing retailer rue21 is set to close about one-third of its stores nationwide as it shifts its focus to e-commerce.
Sugar Land, Texas —TriGate Capital, a Dallas-based real estate private equity firm, has purchased First Colony Commons, a 410,121-square-foot retail center in the Houston suburb of Sugar Land.
Orlando — Konover South LLC plans to build Landstar Marketplace, a 62,222-square-foot, grocery-anchored shopping center located at 13891 Landstar Blvd. in Orlando.
Houston — Colliers International Inc. has arranged the sale of a retail center located at 9335 Gulf Freeway in south Houston.
Miami Beach, Fla. — Brodson Construction has wrapped up construction on the expansion of Shake Shack on Lincoln Road in Miami Beach.
Winter Park, Fla. — Sterling Organization has signed four retailers to occupy space vacated by Kmart at Center of Winter Park, a 245,000-square-foot power retail center located at the southwest…
Boston — After more than three years of ownership, Shorenstein Properties has sold Center Plaza, a 741,200-square-foot mixed-use asset in downtown Boston.
Santa Clarita, Calif. — In an off-market transaction, Colliers International has negotiated the $69.5 million sale of Gateway Village Shopping Center in Santa Clarita.
Atlanta — A joint venture between Columbia Ventures LLC and Studioplex LLC has broken ground on the next phase of Studioplex on Auburn, a mixed-use development in Atlanta’s Old Fourth…
Glendora, Calif. — Champion Real Estate Co. has begun converting an existing grocery property into a Sprouts Farmers Market at 655 S. Grand Ave. in Glendora.
New York City — Despite a rash of bankruptcies and store closures by major retailers during the first quarter of 2017, the U.S. retail market overall is quite healthy, according to…
Victorville, Calif. — Progressive Real Estate Partners has arranged the sale of two outparcels at the entrance to the Mall of Victor Valley in Victorville for an aggregate total of…
Topeka, Kan. — Topeka-based Payless ShoeSource has tapped RCS Real Estate Advisors to market 425 store leases in conjunction with the company’s Chapter 11 filing.
New York, Philadelphia and St. Louis — Urban Edge Properties (NYSE: UE), a real estate investment trust, has entered into a contract to acquire a seven-property portfolio of retail assets…
Los Angeles — Los Angeles-based Forever 21 plans to open 40 new F21 RED locations across the U.S. in 2017.
Miami — Regency Centers Corp. plans to develop Pinecrest Place, a $16.4 million retail center situated off U.S. Highway 1 (South Dixie Highway) in Miami.
Utica, Mich. — Mid-America Real Estate Corp. has arranged the sale of Shelby Corners in Utica, a suburb of Detroit.
Charlotte, N.C. — Aston Properties has announced retailers and restaurants joining City Park Village, an 11,600-square-foot shopping center under construction in Charlotte.
Plymouth Meeting, Pa. — Legoland Discovery Center Philadelphia has opened at Plymouth Meeting Mall in Plymouth Meeting, a suburb of Philadelphia.
St. Louis — JAB Holding Co., the private investment firm that purchased Krispy Kreme Doughnuts last year, has agreed to purchase Panera Bread Co. (NASDAQ: PNRA) in a transaction valued…
Topeka, Kan. — Payless ShoeSource has filed for Chapter 11 bankruptcy and announced plans to immediately close nearly 400 underperforming stores.
Chicago — Federal Realty Investment Trust has acquired Riverpoint Center in Chicago’s Lincoln Park for $107 million.
Miami — ESJ Capital Partners has purchased Jungle Island, an 18-acre zoological park located on Watson Island along the MacArthur Causeway in Miami.
Miami Beach, Fla. — FirstBank has provided a $22.3 million construction loan for a Michaels-anchored retail center located at 1824 Alton Road in Miami Beach.
Laredo, Texas — CBL & Associates Properties Inc. and Horizon Group Properties have completed the development of The Outlet Shoppes at Laredo, a 358,000-square-foot retail center located at 1600 Water…
Bradenton, Fla. — The Home Depot has purchased 22 acres in Bradenton, a city within the Tampa Bay area near Sarasota, for a new store.
Peoria, Ill. — Mid-America Real Estate Corp. has arranged the sale of Sheridan Village in Peoria for $13 million.
New Caney, Texas — Hobby Lobby has opened a new store in Valley Ranch Town Center, a 240-acre, 1.5 million-square-foot mixed-use development in New Caney, a city roughly 30 miles…
Norcross, Ga. — SRS Real Estate Partners has arranged the $8.65 million sale of Tree Trail Village Shopping Center, a 99,238-square-foot retail center located roughly 28 miles outside Atlanta in…
The Colony, Texas — Nebraska Furniture Mart, a division of Berkshire Hathaway, has broken ground on a 100-acre lifestyle retail center that is part of Grandscape, a 433-acre, mixed-use development…
Chicago — The Park at Wrigley is set to open today in Chicago.
Chicago — The Boulder Group has arranged the $24 million sale of Archer Station, a four-tenant shopping center located in Chicago.
Detroit — Bernard Financial Group has arranged a $5.2 million loan for the construction of Baltimore Station in Detroit.
Dallas — Dallas-based Cypress Equities has sold eight Walmart Neighborhood Market properties located in Alabama and South Carolina to an undisclosed U.S.-based REIT.
Stamford, Old Greenwich and Fairfield, Conn. — Urstadt Biddle Properties Inc. has acquired a four-property retail portfolio located in Stamford, Old Greenwich and Fairfield, Connecticut.
St. Paul, Minn. — St. Paul-based Gander Mountain Co. has filed a stalking horse bid by a joint venture comprised of Gordon Brothers and Hilco Merchant Resources to purchase substantially…
Orlando, Fla. — The Shopping Center Group has arranged the $16 million sale of Town Center Shoppes, a 64,500-square-foot retail center located in Orlando.
Orlando, Fla. — Darden Restaurants has agreed to purchase Cheddar’s Scratch Kitchen for $780 million in an all-cash transaction.
Pompton Plains, N.J. — HFF has arranged the $51 million sale of Plaza 23, a 161,000-square-foot shopping center located roughly 27 miles outside New York City in Pompton Plains, New…
King of Prussia, Pa. — A new Saks Fifth Avenue OFF 5TH retail store will open on April 6 in metro Philadelphia.
New Brunswick, N.J. — New Brunswick Development Corp. (Devco) has begun site preparation on the Ferren Mall Parking Deck for The Hub @ New Brunswick Station in New Brunswick.
Fort Worth, Texas — A joint venture between GHP Office Realty and RD Management has sold a 136,000-square-foot shopping center anchored by Albertsons, located in Fort Worth, for $15 million.
Santa Monica, Calif. — HFF has arranged a $12.6 million refinancing for 3202-3212 Wilshire Blvd., a 28,209-square-foot retail building located in Santa Monica.
Dallas — The Silver Group has arranged the sale of a single-tenant property occupied by LA Fitness, located at 13130 Preston Road, in Dallas.
Rosenberg, Texas — IHOP is set to open a 4,588-square-foot restaurant at Brazos Town Center, a 1.8 million-square-foot shopping center located roughly 35 miles west of Houston in Rosenberg.
San Antonio, Texas — GBT Realty Corp. recently acquired a one-acre site in San Antonio for the development of South Park Commons, a 12,600-square-foot retail center. GBT purchased the property…
Hinesville, Ga. — Hutton Contracting Co. has completed construction of Oglethorpe Square, a 158,000-square-foot shopping center located in Hinesville, a city about 40 miles southwest of Savannah.
Long Beach, Calif. — Urban Commons has unveiled plans for a $250 million mixed-use development surrounding the Queen Mary, a retired cruise ship docked in Long Beach, California.
Cocoa, Fla. — Tiktin Real Estate Investment Services has arranged the sale of Clearlake Square, an 85,522-square-foot shopping center located in Cocoa.
Ironwood, Mich. — Regency Properties has acquired Ironwood Commons, a 196,053-square-foot shopping center located in Ironwood.
Gainesville, Fla. — Construction is underway on renovations to the 14-screen Regal Cinema located at Butler Town Center in Gainesville.
Seattle — Madison Marquette is set to begin the redevelopment of Pacific Place, a 339,000-square-foot retail center located in downtown Seattle.
Grand Rapids, Mich. — A&G Realty Partners has been tapped to manage the sale of 58 MC Sports leases in seven states across the Midwest following the Grand Rapids-based retailer’s…
Fairview Heights, Ill. — Acadia Strategic Opportunity Fund IV has acquired Lincoln Place in Fairview Heights near St. Louis for $35.4 million.
Menifee, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $9 million sale of a single-tenant, 17,185-square-foot Rite Aid located in Menifee, California.
Birmingham, Ala. — Bayer Properties celebrated the grand opening of The Pizitz on Friday, a $70 million mixed-use redevelopment located in Birmingham.
Hackensack, N.J. — The second phase of a three-phase renovation project has begun on The Shops at Riverside, a shopping mall located roughly 17 miles outside New York City in…
Kissimmee, Fla. — Pan American Cos. has broken ground on St. Cloud Commons, a 225,000-square-foot shopping center located roughly 22 miles south of Orlando in Kissimmee.
Cypress, Texas — An affiliate of United Equities Inc. has sold Fry-529 Retail Center, a 115,000-square-foot retail center located in Cypress, a northwestern suburb of Houston.
Schaumburg, Ill. — Quantum Real Estate Advisors Inc. has brokered the sale of the Shoppes at Prime Village in the Chicago suburb of Schaumburg for $2.3 million.
Springfield, Ore. — JLL has arranged the sale of Shoppes at Gateway, an 821,564-square-foot shopping center located in Springfield, Oregon.
Alpharetta, Ga. — North American Properties (NAP) will officially debut Phase II of the 86-acre Avalon mixed-use development in Alpharetta, which is dubbed Boulevard East, on Thursday, April 13.
Lafayette, La. — Berkadia has secured $18.7 million in financing for the River Ranch Retail portfolio, a set of 10 retail and dining properties anchored by The Fresh Market and…
St. Paul, Minn. — Gander Mountain Co. and its subsidiaries have filed for Chapter 11 bankruptcy protection.
Houston, Texas — HFF has arranged $65 million in interim financing for the 307,509-square-foot retail component of CityCentre, a mixed-use development in Houston.
Mount Prospect, Ill. — Adelphia Properties has arranged the $3.4 million sale of a two-tenant retail building located roughly 25 miles outside Chicago in Mount Prospect.
Hampton, Va. — Marcus & Millichap has arranged the $23.6 million sale of a nine-property 7-Eleven portfolio located in the Tidewater region of Virginia.
Richton Park, Ill. — The Philpsborn Co. has secured a $2.2 million refinancing for Sauk Trail Plaza, a 30,267-square-foot shopping center located roughly 30 miles south of Chicago in Richton…
Coral Springs, Fla. — CREC has arranged the $27.4 million sale of Turtle Crossing, a 99,174-square-foot shopping center located roughly 20 miles northwest of Fort Lauderdale in Coral Springs.
Chantilly, Va. — Regency Centers Corp. has broken ground on The Field at Commonwealth, a $44.5 million, 180,000-square-foot shopping center located in Chantilly, roughly 25 miles west of Washington, D.C.
Decatur, Ga. — Sprouts Farmers Market has opened its newest 30,000-square-foot store at 2551 Blackmon Drive in Decatur, a suburb of Atlanta in DeKalb County.
Lawrenceville, Ga. — SRS Real Estate Partners has arranged the $2 million sale of Springfield Shopping Center, a 19,706-square-foot retail center located in Lawrenceville, roughly 32 miles outside Atlanta.
Indianapolis — Electronics and home appliances retailer hhgregg’s Inc.’s decision last week to close 88 stores — or roughly 40 percent of its total outlets — and three distribution facilities over the…
Fargo, N.D. — Vanity Shop of Grand Forks Inc. is closing all 137 of its Vanity stores in 27 states.
Ann Arbor, Mich. — Brixmor Property Group (NYSE: BRX) has acquired Arborland Center, a 404,000-square-foot, grocery-anchored shopping center located in Ann Arbor, for $102 million.
Miami — MMG Equity Partners has purchased Kendall Corners, a 97,189-square-foot shopping center located on Kendall Drive in Miami, for $38.6 million.
Peachtree City, Ga. — Transwestern has arranged the sale of Kedron Village II, a 157,321-square-foot shopping center located roughly 30 miles outside Atlanta in Peachtree City.
Omaha, Neb. — Jasper Stone Partners has received preliminary governmental approval for Avenue One, a $1.2 billion mixed-use development in west Omaha.
East Greenbush, N.Y. — Nigro Companies has acquired Columbia Plaza, a 137,647-square-foot shopping center located roughly six miles outside Albany in East Greenbush, for $15.1 million.
Upland and Claremont, Calif. — GPI Cos. and LStar Communities have begun construction on a new 365 by Whole Foods Market located at Sycamore Hills Plaza, an 80,000-square-foot shopping center…
Tampa, Fla. — Weingarten Realty Investors has sold Palms of Carrollwood, a 167,887-square-foot retail center anchored by The Fresh Market in Tampa.
Brawley, Calif. — Duhs Commercial has arranged the $7.3 million sale of Rio Vista Plaza, a 68,000-square-foot shopping center located in Brawley.
Beachwood, Ohio — DDR Corp. has named David Lukes president and CEO.
Oak Brook, Ill. — A&G Realty Partners has formed a joint venture with leading grocery real estate executive Joe McKeska.
Chicago — Mid-America Real Estate Corp. has arranged the $53 million sale of Webster Place, a 134,918-square-foot shopping center located in the Lincoln Park neighborhood of Chicago.
Scottsdale, Ariz. — Stan Johnson Co. has arranged the $28 million sale of 14 restaurants in Central Florida leased to Ker’s WingHouse, now known as WingHouse Bar & Grill.
Pleasant Hill, Calif. — PSRS has secured a $15 million refinancing for Courtyard Shopping Center, an 85,000-square-foot retail center located roughly 25 miles outside San Francisco in Pleasant Hill.
Shreveport, La. — Transwestern has arranged the $9 million sale of East Side Plaza, a 78,761-square-foot shopping center located in Shreveport.
Plano, Texas — Plano-based J.C. Penney Co. Inc. has announced plans to close two distribution facilities and approximately 130-140 stores over the next few months.
Peachtree City, Ga. — The $9.5 billion MEPT Fund, along with its affiliated funds, has purchased Kedron Village II, a 157,185-square-foot shopping center located in Peachtree City, about 30 miles…
Reno, Nev. — Hanley Investment Group has arranged the $4.9 million sale of a 7,624-square-foot retail building located in Reno.
Foley, Ala. — White-Spunner Construction (WSC) and the Poarch Band of Creek Indians are underway on OWA, a $500 million entertainment and retail district in Foley, a town in south…
Lakeway, Texas — Stratus Properties Inc. has completed the sale of The Oaks at Lakeway, a 236,739-square-foot shopping center located roughly 22 miles outside Austin in Lakeway.
Houston, Texas — Lionstone Investments has sold Renaissance Center, a 97,279-square-foot shopping center located near the Texas Medical Center in Houston.
Tualatin, Ore. — NAI Elliott has arranged the $16.3 million sale of Martinazzi Square, a 51,060-square-foot shopping center located in Tualatin.
Flint, Mich. — Mid-America Real Estate Corp. has arranged the $14.2 million sale of Oak Brook Square, a 152,073-square-foot shopping center located in Flint.
Chattanooga, Tenn. — Colliers International has arranged the $4.4 million sale of Gunbarrel Place, a 38,250-square-foot shopping center located near Hamilton Place Mall in Chattanooga.
Cincinnati — Cincinnati-based Phillips Edison & Company has sold five shopping centers totaling 583,000 square feet to Albanese Cormier Holdings.
Atlanta — Restaurant Brands International Inc. (RBI) (NYSE: QSR) has agreed to acquire Atlanta-based Popeyes Louisiana Kitchen Inc. (NASDAQ: PLKI) for $1.8 billion.
Beverly Hills, Calif. — Sterling Organization has received $12.1 million in financing for the acquisition of a vacant 4,700-square-foot retail building located on North Beverly Drive in Beverly Hills.
New Brunswick, N.J. — Saxum Real Estate has purchased a vacant retail building, located at 37 Easton Ave. in Brunswick, for an undisclosed price.
Published 12 times per year, Shopping Center Business is the leading monthly and only business magazine for the shopping center industry, providing news and information on industry trends and issues. The magazine focuses…
North Bergen, N.J. — Cushman & Wakefield has arranged the $19 million sale of a shopping center located at 2819 JFK Blvd. in North Bergen, roughly 10 miles outside New…
Hoover, Ala. — Colliers International has arranged the $12 million sale of a 50,000-square-foot Field & Stream store located in the Birmingham suburb of Hoover.
Pooler, Ga. — L Star Communities, master developer of the 2,588-acre Savannah Quarters development in Pooler, has broken ground on a new Publix store.
Omaha, Neb. — The Lerner Co. has completed the retenanting of the vacant Kmart building at Eagle Run Shopping Center in Omaha.
Glen Burnie, Md. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $18.4 million sale of Cromwell Field Shopping Center, a 233,486-square-foot retail property located…
Wayzata, Minn. — NorthMarq Capital has arranged a $7.2 million loan for the acquisition of a building leased to Walgreens in Wayzata, 13 miles west of Minneapolis.
Surprise and Glendale, Ariz. — Calgary, Alberta-based Triumph Real Estate Investment Fund has acquired two shopping centers in metro Phoenix for $7 million.
Reisterstown, Md. — Robyn Properties has acquired Reisterstown Village Shopping Center, a 21,685-square-foot retail property located in Reisterstown, roughly 25 miles outside Baltimore.
Santa Monica, Calif. — The first day of the third annual Entertainment Experience Evolution conference kicked off with a question: “Who ever thought we would have to sit here and…
Philadelphia — Philadelphia-based PREIT has proactively replaced Sears at three of its malls in Pennsylvania, Michigan and South Carolina.
Austin, Texas — The Travis County Commissioners Court has approved Blakefield LLC’s plans to develop Thomas Ranch, a 2,200-acre master-planned community off Highway 71 and Paleface Ranch Road in Western…
Monticello, N.Y. — A joint venture between Heidenberg Properties Group, Strategic Real Estate Partners and Norse Realty Group has acquired Thompson Square Shopping Center in Monticello.
Upland, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $17.2 million sale of Upland Village, a 60,857-square-foot shopping center located in Upland.
Las Vegas — Agora Realty and Management has acquired a 100,856-square-foot, Smart & Final-anchored shopping center located in Las Vegas for $10.3 million.
Aurora, Ill. — Adelphia Properties has negotiated the sale of a multi-tenant retail building in Aurora for $5.2 million.
Warrenville, Ill. — Quantum Real Estate Advisors Inc. has arranged the sale of Cantera Commons, a shopping center comprised of two multi-tenant buildings located roughly 30 miles outside Chicago in…
Chattanooga, Tenn. — Chattanooga-based CBL & Associates Properties Inc. has promoted Katie Reinsmidt to the position of CIO.
San Marcos, Calif. — HFF has secured a $92 million refinancing for Grand Plaza, a 356,796-square-foot power center located roughly 35 miles outside San Diego in San Marcos.
Southaven, Miss. — Conn’s HomePlus has sold Stateline Square, a 219,914-square-foot retail center located in the Memphis suburb of Southaven, Mississippi.
St. Cloud, Fla. — Kite Realty Group Trust has sold Publix at St. Cloud, a 78,779-square-foot shopping center located in the Orlando suburb of St. Cloud.
Oak Brook, Ill. — Samantha Spinell Schnell has joined IRC Retail Centers as director of leasing.
Banning, Calif. — Marinita Development Co. has broken ground on Phase II of Sun Lakes Village Shopping Center, a 95,000-square-foot shopping center located in Banning, California.
St. Peters, Mo. — Knoebel Construction Inc. has broken ground on the Shoppes at Mid Rivers in St. Peters.
Auburn, Ala. — Colliers International has arranged the $14.4 million sale of The Crossroads of Opelika, a 33,378-square-foot shopping center located in Auburn.
Pembroke Pines, Fla. — InvenTrust Properties Corp. has acquired Paraiso Parc and Westfork Plaza retail centers in Pembroke Pines for $163 million.
Philadelphia — HFF has secured permanent financing for the retail portion of Rodin Square, a 79,233-square-foot mixed-use development located in the City Center district of Philadelphia.
Oceanside, Calif. — Cushman & Wakefield has arranged the $14.2 million sale of Best Plaza, a 65,211-square-foot shopping center located roughly 38 miles outside San Diego in Oceanside.
Salt Lake City — CBL & Associates Properties Inc. has announced that Dillard’s will open a new store in the former Macy’s location at Layton Hills Mall in Salt Lake…
Easton, Pa. — Phillips Edison has acquired Palmer Town Centre, a shopping center located in Easton, for $32.3 million.
Elyria, Ohio — Integra Real Estate Capital has arranged a $17.5 million bridge loan for the acquisition of Midway Market Square in Elyria, located roughly 23 miles west of Cleveland.
Allen, Texas — Vestar has acquired Twin Creeks Marketplace, a grocery-anchored shopping center located in Allen, roughly 25 miles outside Dallas.
Atlanta — The Related Group has selected Balfour Beatty U.S. to construct a multi-level Whole Foods Market store in Midtown Atlanta.
Huntsville, Ala. — Topgolf has confirmed Huntsville as its second location in Alabama.
Tucson, Ariz. — Cushman & Wakefield has arranged the $4.2 million sale of a 3,616-square-foot Raising Cane’s restaurant located in Tucson.
Avon, Ohio — Marcus & Millichap has arranged the sale of Center Plaza in Avon, about 20 miles west of Cleveland, for $4.4 million.
Chattanooga, Tenn. — Chattanooga-based CBL & Associates Properties Inc. has closed on a sale-leaseback transaction for five Sears department stores and two Sears Auto Centers located at CBL-owned malls for…
Las Vegas — A joint venture between TH Real Estate and Fairbourne Partners has acquired Town Square, a 1.1 million-square-foot lifestyle center comprised of 26 buildings in Las Vegas.
Collinsville, Ill. — Integra Real Estate Capital has negotiated a $3.2 million non-recourse loan for the acquisition of Orchards Shopping Center in Collinsville, 15 miles east of St. Louis.
Dallas, Texas — Hanley Investment Group has arranged the sale of a 3,377-square-foot Just Brakes location in Dallas, Texas.
Atlanta — Batson-Cook Development Co. (BCDC) has formed a joint venture partnership with Regent Partners LLC to acquire a parcel in the Buckhead financial district of Atlanta and develop a…
Los Angeles — CBRE has arranged the $13.3 million sale of Silver Lake Collection, a 10,497-square-foot, street-front retail property located along Sunset Boulevard in the Silver Lake neighborhood of Los…
Casa Grande, Ariz. — Marcus & Millichap has arranged the $2 million sale of a 7,441-square-foot Olive Garden located in Casa Grande.
Glenview, Ill. — Baum Realty Group LLC has arranged the sale of a retail building in Glenview, a suburb of Chicago, for $1 million.
Owings Mills, Md. — Three new eateries are set to open at Foundry Row, a $140 million retail development located roughly 20 miles outside Baltimore in Owings Mills.
Jackson, Miss. — Jackson-based Newk’s Eatery has signed six new area development agreements that will add more than 40 restaurants to the brand’s regional footprint.
New York City — Following a turbulent year in 2016, the U.S. economy and property markets are positioned to perform well in 2017, according to Cushman & Wakefield’s U.S. Macro…
Livonia, Mich. — Schostak Brothers & Co. Inc., a metro Detroit-based real estate investment firm, has purchased a portfolio of six retail properties adjacent to Walmart Supercenters in Mississippi, Louisiana…
San Francisco — A partnership between Blatteis & Schnur and Morgan Stanley Real Estate Investing has acquired the 250,000-square-foot Macy’s Men’s Store located on Union Square in San Francisco for…
Columbus, Ohio — Limited Stores LLC, parent company of women's fashion apparel retailer The Limited, has filed for Chapter 11 bankruptcy protection.
Normal, Ill. — A joint venture between ALTO Real Estate Funds and M & J Wilkow Ltd. has acquired The Shoppes at College Hills and The Plaza at College Hills, a…
Bakersfield, Calif. — A joint venture between C & C Properties Inc. and MarkChris Investments has announced the redevelopment of East Hills Mall in Bakersfield, roughly 110 miles north of…
New York City — Forest City Realty Trust, in partnership with Madison International Realty, has completed the disposition of Shops at Bruckner Boulevard, a specialty retail center located in the…


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British actress Tilda Swinton arrives for the Chanel Cruise Dubai fashion show revealing the French Maison’s new Cruise collection of the 2014/15 season, staged on a private island in Dubai, United Arab Emirates, Tuesday, May 13, 2014. (AP Photo/Kamran Jebreili) ORG XMIT: XKJ111
Content warning: It’s seriously catchy song-of-summer material.
It comes with some pretty major designer cachet…
Who’s the real #KingOfSummer?
She pretty much seems to have it all.
Fans can expect “huge clashes and heartwrenching losses” in the film, which hits theaters on Dec. 17.


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Alok Sharma, the Member of Parliament for Reading West, has visited local businesses in Pangbourne and Tilehurst high streets as part of Small Business Saturday on 5 December.
Since 2013, the Small Business Saturday campaign has been a key annual moment to promote small businesses and highlights the crucial role that small businesses play across the UK in our local communities.
Last year, there was an estimated £800 million spent with small businesses across the UK on Small Businesses Saturday, with a record turnout of 17.6 million people choosing to shop locally on the day.
Alok went down to the local high streets and enjoyed visits to 03 Interiors and Vendela Rose florist to pledge his support for local shops based in the constituency. Alok met with local business owners and employees who are looking forward to welcoming back local residents over the winter months.
Covid-19 has had a significant impact on small businesses, and they have shown resolve and determination in innovating and adapting to the challenges of the pandemic. That is why this year, Small Business Saturday 2020 is an even more significant opportunity to show our continued support as a local community for small businesses.
The Government has introduced an unprecedented and comprehensive package of financial support for businesses, with a total fiscal response of close to £200 billion.
The measures introduced – including Government-backed loan guarantee schemes, VAT deferrals and business rates relief – are designed to be accessible to small businesses across the UK.
As of 15 November, nearly 1.5 million businesses have benefitted from more than £65 billion to support their cashflow during the coronavirus pandemic. The Bounce Back Loan Scheme has seen 1,397,475 approved loans so far worth £42.18 billion (This figure includes extra value from loans that have been topped-up.). The Coronavirus Business Interruption Loan Scheme has seen 77,909 loans worth £18.46 billion approved so far. The Future Fund has seen 874 loans approved totalling £875.8 million.
This is on top of the extensive grant support offered to thousands of small businesses, including the Small Business Grants Fund, Retail, Hospitality and Leisure Grants Fund, and the Local Authority Discretionary Grants Fund which have supported many in England through this challenging period. Between April and September over £11.68 billion was paid out to 999,735 business premises across the three schemes.
Further grant support totalling £2.2 billion has been made available via local authorities to support businesses during national lockdown, as well as businesses impacted by localised restrictions.
Alok Sharma said: “I was delighted to be able to show my support for local shops as part of Small Business Saturday 2020. It was great to meet local employees at 03 Interiors and Vendela Rose florist, who were happy to be welcoming returning shoppers over the festive period. This excellent campaigning initiative is more important than ever this year, as we have all had to increasingly rely on local businesses throughout the coronavirus pandemic. I encourage all those in the constituency and beyond to continue to shop locally and support small businesses throughout the winter months.”
Michelle Ovens MBE, Director of Small Business Saturday UK, said: “Small Business Saturday is not just one event, but millions of actions, taken by all of us, that add up to one big impact to boost small businesses at this difficult time. More than ever, it is a key moment to shine a spotlight on small businesses and the important contribution they make to our nation. This year, we are encouraging people to show their support not just on Small Business Saturday itself but in the coming weeks, months and beyond, in all the different ways they can safely.”


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LOGAN SQUARE — A longstanding thrift store on Logan Square’s Milwaukee Avenue is closed indefinitely after its roof collapsed and there was an emergency gas leak in the building.
Family Thrift Store at 2160 N. Milwaukee Ave., a large secondhand store that has called Logan Square home for decades, is “closed until further notice” following the safety issues, according to signs posted to the store and city officials.
One of the building’s roof trusses caved in on or around July 23, city spokesman Michael Puccinelli said. That day, employees also reported a “strong smell of gas,” prompting an emergency response, Puccinelli said.
The city’s Department of Buildings had the gas company turn off the gas and instructed the building’s owner to do “emergency shoring” to avoid demolition and prevent further damage, Puccinelli said.
A city inspector is following up with the owner’s contractor Tuesday to inspect the work and review the structural engineer’s report, he said.
City records show the Milwaukee Avenue building passed all of its recent inspections.
Attempts to reach the owner of Family Thrift and the owner of the building were unsuccessful.
Family Thrift sells used clothing, furniture and home goods out of a massive warehouse.
The store has remained on Milwaukee Avenue for years, even as the neighborhood around it changed. Luxury apartment buildings and businesses like brewery incubator Pilot Project and Beautiful Rind cheese shop have popped up along the stretch in recent years.
Family Thrift has two other city locations at 7000 S. Pulaski Road A and 2527 W. Cermak Road.