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Austin’s Retail Leasing Posting Its Best Start Since 2013, NAI Partners Report

ICSC Reports Strong Black Friday, Brick-n-Mortar Retailers Capture 75% of Sales

Throughout the holiday weekend, more than 145 million adults spent time at malls and shopping centers and spent an estimated $377.50 on average, according to International Council of Shopping Centers’ (ICSC) Thanksgiving Weekend Shopping Report. The survey notes 105 million adults visited malls and shopping centers across the country on Black Friday alone.

“Thanksgiving Weekend is a great indicator for what will be a holiday season full of spending, as we are seeing a very positive consumer sentiment and willingness to spend,” said ICSC’s Tom McGee. “Shopping centers across the country should feel very optimistic about the season ahead.”

Adobe Analytics, a leading collector of e-commerce data, said Cyber Monday was expected to generate $6.6 billion in sales, up from $5.6 billion a year ago. Sales were up 16.8% to $3.38 billion, with revenue from smartphones jumping 41% over last year, late Monday afternoon.

ICSC Report Key Findings:

  • 87% of Thanksgiving/ Black Friday shoppers took advantage of in-store and online purchasing
  • 75% of all spending was captured by retailers with a physical presence
  • 74% of Thanksgiving/Black Friday shoppers spent the same or more than in 2016
  • 69% of those purchasing online and picking up in-store (click & collect) made an additional in-store purchase

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.