Monday, December 18, 2017

Kimco’s Conor Flynn Discusses the Future of the Retail Sector

Image result for kimco shopping centerSince it steers clear of department-store-dependent assets, shopping center REIT Kimco Realty Corp. has largely escaped the turmoil that’s been dragging down discretionary retailers. Yet in many cases, Kimco is being painted with the same broad brush that has stained retail landlords whose properties are anchored by department stores.

The 2017 holiday shopping season could help paint a sharper picture for Kimco and other retail landlords, though. Conor Flynn, CEO of Kimco, is enthused about this holiday shopping season, based on projections of roughly 3.5 percent to 4.5 percent growth in retail sales compared with 2016.
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