This Thanksgiving season, Kimco and the greater retail industry have a lot to be thankful for. The National Retail Federation predicts that 2014’s holiday sales are going to increase 4.1 percent over last year, totaling approximately $617 billion. 25 percent of shoppers are projected to start their holiday shopping early.… Read More
On November 29, small businesses are opening their doors for the fifth annual Small Business Saturday. In the U.S., many retailers kick off their holiday shopping deals during the five-day span from Thanksgiving Day through Cyber Monday, causing shoppers to spend big bucks as they prepare for the holidays.… Read More
The 2014 holiday season might deliver just what retailers had on their wish lists this year with domestic retail sales predicted to grow 4.1 percent in the core holiday season to $616.9 billion. Recent improvements in consumer confidence are projected to boost spending power among holiday shoppers, and while 50 percent of sales are likely to be influenced by digital interactions, brick-and-mortar shops will see the overwhelming majority of holiday purchases.… Read More
The string of terms chosen by analysts to describe Kimco’s third quarter hint at the strength of our operations for the period ending September 30th, during which we outperformed expectations and raised guidance for the year.
The investment community saw our increases from last quarter as indicative of steady core growth, and acknowledged that our FFO (funds from operations) exceeded estimates.… Read More
Coverage by the media was generous and far-reaching in the past few months as Kimco enjoyed another strong quarter. Here’s a sampling of the many mentions we earned from July through September.
TSR hot streak
Kimco is committed to connecting with the surrounding neighborhoods where our shopping centers are located as a way to give back to local businesses and organizations and foster community spirit. As described in our first annual 2013 Corporate Responsibility Report, Kimco’s recently launched Community Connection program is an initiative to support the volunteer efforts of our employees and allows participants to take off two full paid workdays each year to volunteer in their communities.… Read More
Like many Americans who honor, give thanks, and show recognition to those who have served in the U.S. Armed Forces on Veterans Day and year round, I want to express gratitude to my dad, Colonel Robert Miller Penn.… Read More