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State Chamber Update
With the holiday season now in full swing, I thought I’d share some interesting retail numbers that provide insight into places we may shop. The National Retail Federation estimates that the 2018 holiday season will see sales increase by 4.3 to 4.8 percent over 2017.
Helping to make these sales a reality are establishments like Christiana Mall. Christiana Mall's senior general manager Steve Chambliss tells me that total mall employment exceeds 3,000, and each year they build out 10 to 20 new stores. An average build out is over $1M each and keeps the center relevant providing shoppers the most desirable brands and stores they are demanding.
The holidays also mean lots of good food. Chris Kenny of ShopRites of Delaware shares that they have over 1,250 employees to help fill those food and party needs! Whether you are hunting for that one-of-a-kind gift you might discover at a downtown boutique or buying artisan cheese or a craft beverage from a specialty shop, you have plenty of terrific small and large businesses to pick from! All I ask is that you do it in Delaware!
News You Can Use
On Wednesday, Consumer Price Index numbers for November will be released, and on Friday, November retail sales figures are shared.
