The online shopping revolution, pioneered by Amazon, could not happen without an extensive warehouse infrastructure. And as digital shopping grows, so too will the need for warehouse space. In early June, investment management group Blackstone Group LP provided a clear signal that growth is expected to continue strongly in this space. The company purchased 179 million square feet of urban logistics properties for $18.7 billion.
It’s that time of year again when football fans huddle in front of the television, frequent the nearest bar or attend the latest gathering to tune into one of the most anticipated sporting events of the year. Super Bowl 53 is upon us and according to the International Council of Shopping Centers, over 190 million Americans are planning to watch the Los Angeles Rams and New England Patriots battle for the Lombardi Trophy.
Let’s face it, millennials are an elusive bunch with mass appeal. Roughly 80 million strong, this digitally-savvy, culturally-diverse group is poised to transform nearly every facet of the U.S. economy. Spending nearly $600 billion a year in the U.S. alone, Gen Y continues to alter how businesses operate, affecting the ways we buy and sell. And today, it’s the frozen food industry that’s reaping the benefits of the millennial dollar.
Very soon, the noshing will commence as Americans tune-in to one of the most highly anticipated sporting events of the year – the Super Bowl. As fans, true and fair weather alike gather to watch the New England Patriots take on the Philadelphia Eagles, the National Retail Federation and Prosper Insights & Analytics reports that in 2018, consumer spending for the Super Bowl is predicted to be up 8.5 % year over year.
Over the past 5 decades, the amount of time Americans spend preparing meals has steadily declined, yet U.S. frozen foods have remained a favorable staple, forecast to reach $72.98 billion by 2024, according to a recent study by Grand View Research.
Topics: frozen food