Signs of recovery in the Central Valley’s retail market were everywhere in 2015.
Shopping centers expanded. Vacancy rates were down. Retail employment went up.
“2015 has been the best year for retail in the past six years,” said John Godi, president and CEO of Stone Bros. Management, which manages Sherwood Mall and Stonecreek Village in Stockton.
Retail centers expect the good times to roll through the all-important holiday shopping season.
The National Retail Federation forecasts holiday sales will increase 3.7 percent in November and December to $630.5 billion — significantly higher than the 10-year average of 2.5 percent.
“We prepare year-round for the holiday season which is our Super Bowl,” said Vintage Faire Mall’s marketing manager Annie Amies. “We think people in Modesto and Stanislaus County will be out shopping in full force in what we anticipate will be a positive holiday season.”... Read More