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Issue Date: Vol. 52, No. 5, May 2012, Posted On: 4/25/2012

Shopping Centers, Bulk Vending Mainstays, Show Modest Gains

Hank Schlesinger
Reis Inc., shopping center trends, retail traffic, bulk vending, vending machine business, amusement business, vending route, vending operator

NEW YORK CITY -- U.S. shopping centers, widely regarded as core locations for bulk vending, are showing economic signs of life. According to a new study by property research firm Reis Inc., a slowly improving economy is bolstering the retail and rental environment.

According to the study, occupied space in shopping centers rose by a net of 2.96 million square feet, representing the second-largest increase in retail centers since the first quarter of 2008, and up from 717,000 square feet compared with a year earlier.

The report pointed to an improved economic climate. U.S. chain-store sales last month rose 4.1% from a year earlier, the International Council of Shopping Centers said. And the jobless rate was 8.3% in February, the latest period for which Bureau of Labor Statistics figures are available and the fifth straight month it was less than 9%.

While the figures are not spectacular, they seem to signal positive news for bulk vending operators with locations in shopping malls and other large retail locations.

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