Optimism Running High, ICSC Las Vegas Opens Its Doors

LAS VEGAS—Welcome to ICSC Las Vegas! GlobeSt.com is in attendance along with many others, who exclusively tell us that optimism is in the air. Optimism in the industry remains high. US consumers are still in spend mode for consumables due to lack of; affordable homes, automobiles, international travel all of which are big ticket items, Naveen Jaggi, JLL president of retail advisory services, tells GlobeSt.com. This will continue to feed retailers with optimism in the near term, he says.

“Current transaction activity is ahead of the same 2021 but the combination of high inflation compounded with Recession talk against the backdrop of Eastern Europe war could impact behavior of consumers and retailers,” Jaggi adds.