1. The future doesn't look as gloomy as U.S. retail sales are expected to grow between 3.7 and 4.2 percent, according to the National Retail Federation's 2017 economic forecast, but that doesn't necessarily mean good news for traditional retail.
As online sales increase, stores enter era of uncertainty https://t.co/wsrm2pB0gr via @KaraDriscollCox
— DaytonB2B.com (@daytonb2b) February 15, 2017
2. Online and other non-store sales will increase between 8 and 12 percent — most likely forcing additional closures of brick-and-mortar stores, including several in the Miami Valley.
3. BCBGMAXAZRIA announced it will close 120 stores across the U.S. over the next eight to 10 weeks. The only store impacted in Ohio currently is the outlet store in Monroe. All other BCBG stores will remain open as now. The BCBG location at the Tanger Outlets in Jeffersonville closed in June, according to a spokesman for the outlet mall.
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4. U.S. President Donald Trump could have an impact on the retail industry. NRF economists said the forecast is baseline, but does not take into account new fiscal measures that could be brought in by the new political administration.
5. Local retail centers are adamant that new stores are entering the Miami Valley. At the Mall at Fairfield Commons, officials told this newspaper that several new stores have either opened or are on their way in the coming months including a restaurant and a chain jewelry store. Though The Greene hasn't announced any new retailers coming to the center, management said they are actively seeking new tenants.
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