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Working 'cause the global markets are still open and we can still talk about big plays on presidents' -- is president's -- -- the new Black Friday.
-- retailers across the country are using the holiday to slash prices and offer very strong deals.
Check out some of the top deals today that we found Wal-Mart offering a sixty inch Vizio HDTV for -- 300 dollar discount price tag.
Under a 100998.
Macy's has a huge sale on jewelry while the gap.
Off first 40% off everything.
Everything in store.
There's one across the street here on sixth avenue and these -- big -- now but we have an even better name for you DDR course it's a real estate investment trust specializing in managing value oriented shopping malls.
With a few names you might know what Wal-Mart target Best Buy -- anchor stores joining me now on the Fox Business exclusive from Cleveland this -- CEO -- court.
Daniel -- just -- Daniel -- coming on the program today on a day when I know you're constantly checking the numbers aren't you.
Absolutely was it's nice to be review -- you haven't got me how how are things look at our shoppers moving through the stores what are the reports are getting from the field as we like to say.
-- shoppers are absolutely moving to the stores and today is a big shopping day for a variety of reasons.
One is sick it's a great sales driven day that a lot of promotions a lot of excitement of the -- as you mentioned.
And the second is we just finished a year where we did a lot of clearance in January.
And not all of a clear Citi can take additional markdowns in February and get rid of all that inventory.
Thank you hope to move during the holiday season into the January Clarence season that you didn't move quite as effectively -- thought you would.
So the consumers are getting a great deal today.
This is almost -- the -- the first president stay where I felt like I actually wanted to shop and I really don't -- -- anymore but I thought to myself there must be amazing deals but regionally over the past couple of months.
Where are you seeing the most strength -- your shopping malls give us a sense of what points.
On while you're here in Puerto Rico and Brazil as well but here in the US let's start there.
Well clearly the ready where business is very very strong and devalue.
Portion of the ready where business is the strongest portion as we -- through the holiday season -- Retailers like Ross and TJ Max and marshalls.
And Wal-Mart and target.
And be ready to Wear section of of anchor stores like Dick's Sporting Goods.
All we're very very strong so anybody -- the US is I'm pushing New -- I want to know is stronger than the west of the south better than the northeast you know it's been across it's been across the US -- few years ago I would tell you the southwest was weak.
And Florida was weak in California was weak in the northeast was strong but right now we've had a leveling the playing field the midwest has been solid.
And we senior right across the US from all of our ready to Wear retailers in particular talk about it won't you guys call at least sex -- should I would just say leases are -- how you've signed 2000 new leases and renewals and 2012 what's your outlook for the rest of the year for twenty pension.
We think try to do look -- -- like Tony twelve.
We did a little over eleven million feet of leasing in in 2012.
And we think -- -- do a little over eleven million -- releasing in 2013.
The last three years you've done 34 million feet of leasing.
And that's enabled us to drive grants fill space.
And improve the credit quality -- our cash flows across our portfolio so we're very excited about.
About the demand that's out there because there really isn't a lot of supply and there's very almost no new supply coming on line at all.
Can I have read into what you're saying as the economy is slowly but surely coming back because we've had.
We've got a guy coming up at the end of the program named Michael Pinto who thinks everything's going.
Going weighed down.
I'm not gonna sit down on the toilet because my mother we'll get upset when I use that expression but she thinks everything is horrible to you.
-- No we don't think it's hardball on the great things about our business as we don't have to guess because most of our retailers actually report their sales.
So you can see what the consumer is doing you can see the resiliency of the consumer you can see -- profit margins are you can see what sells for square foot are.
And and and again while it.
You do question sometimes why -- things as good as they are wise to consumers resilient as he and she he or she is the answer is.
They just are and the numbers do not -- Well -- we got this consumer sentiment number out the first one that comes out for the most recent time in the households.
Who had incomes below 75000.
Dollars were actually the most optimistic in this report.
Now consumer sentiment.
Johnson -- around a lot as we see on -- on this.
Very long -- ten year chart but as -- really you see a big spike here from 2011 to 2012 and now into 2013.
Your core client because you were in value oriented.
Mall stores how -- they feeling what do UC.
Our core client.
Isn't concerned when consumer sentiment numbers they're concerned.
With -- wages and jobs and most of the people that we deal with most of the people that we talk with.
Most of the customers opted to deal where -- -- value and convenience retailers.
Feel decent about their job we've had decent wage growth in 2012.
We expect decent wage growth in 2013.
And that's what drives the business that's what drives the business on a daily basis.
That's driving the stock or stock is up 21%.
Over the past year you've got a decent dividend here about 3.2 percent damn we folly all the time out there in Cleveland actually -- -- Ohio nice to see you today.
Thank you is thank you happy President's Day hope it's a very green one for you.
Thank you very much Danaher which is CEO and president of DDR --
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