Archives for March 11, 2020

Harmonic Inc. (HLIT) and Meritor Inc. (MTOR)

MILLENNIUM MANAGEMENT LLC bought a fresh place in Harmonic Inc. (NASDAQ:HLIT). The institutional investor bought 598.6 thousand shares of the stock in a transaction took place on 12/31/2019. In another most recent transaction, which held on 12/31/2019, BLACKROCK FUND ADVISORS bought approximately 569.4 thousand shares of Harmonic Inc. In a separate transaction which took place on 12/31/2019, the institutional investor, GAME PLAN FINANCIAL ADVISORS LLC bought 564.6 thousand shares of the company’s stock. The total Institutional investors and hedge funds own 88.20% of the company’s stock.

In the most recent purchasing and selling session, Harmonic Inc. (HLIT)’s share price decreased by -2.08 percent to ratify at $6.11. A sum of 2946680 shares traded at recent session and its average exchanging volume remained at 752.09K shares. The 52-week price high and low points are important variables to concentrate on when assessing the current and prospective worth of a stock. Harmonic Inc. (HLIT) shares are taking a pay cut of -28.70% from the high point of 52 weeks and flying high of 21.91% from the low figure of 52 weeks.

Harmonic Inc. (HLIT) shares reached a high of $6.28 and dropped to a low of $6.00 until finishing in the latest session at $6.08. Traders and investors may also choose to study the ATR or Average True Range when concentrating on technical inventory assessment. Currently at 0.30 is the 14-day ATR for Harmonic Inc. (HLIT). The highest level of 52-weeks price has $8.57 and $5.01 for 52 weeks lowest level. After the recent changes in the price, the firm captured the enterprise value of $679.13M. The liquidity ratios which the firm has won as a quick ratio of 1.20, a current ratio of 1.30 and a debt-to-equity ratio of 0.60.

Having a look at past record, we’re going to look at various forwards or backwards shifting developments regarding HLIT. The firm’s shares fell -0.49 percent in the past five business days and shrunk -13.21 percent in the past thirty business days. In the previous quarter, the stock fell -24.29 percent at some point. The output of the stock decreased -9.08 percent within the six-month closing period, while general annual output gained 10.69 percent. The company’s performance is now negative at -21.67% from the beginning of the calendar year.

According to WSJ, Harmonic Inc. (HLIT) obtained an estimated Overweight proposal from the 6 brokerage firms currently keeping a deep eye on the stock performance as compares to its rivals. 0 equity research analysts rated the shares with a selling strategy, 1 gave a hold approach, 4 gave a purchase tip, 1 gave the firm a overweight advice and 0 put the stock under the underweight category. The average price goal of one year between several banks and credit unions that last year discussed the stock is $9.00.

Meritor Inc. (MTOR) shares on Friday’s trading session, dropped -5.79 percent to see the stock exchange hands at $18.54 per unit. Lets a quick look at company’s past reported and future predictions of growth using the EPS Growth. EPS growth is a percentage change in standardized earnings per share over the trailing-twelve-month period to the current year-end. The company posted a value of $2.87 as earning-per-share over the last full year, while a chance, will post $3.14 for the coming year. The current EPS Growth rate for the company during the year is 45.10% and predicted to reach at 13.53% for the coming year. In-depth, if we analyze for the long-term EPS Growth, the out-come was 3.40% for the past five years and the scenario is totally different as the current prediction is 4.20% for the next five year.

The last trading period has seen Meritor Inc. (MTOR) move -31.79% and 16.17% from the stock’s 52-week high and 52-week low prices respectively. The daily trading volume for Meritor Inc. (NYSE:MTOR) over the last session is 2.03 million shares. MTOR has attracted considerable attention from traders and investors, a scenario that has seen its volume jump 13.32% compared to the previous one.

Investors focus on the profitability proportions of the company that how the company performs at profitability side. Return on equity ratio or ROE is a significant indicator for prospective investors as they would like to see just how effectively a business is using their cash to produce net earnings. As a return on equity, Meritor Inc. (NYSE:MTOR) produces 59.10%. Because it would be easy and highly flexible, ROI measurement is among the most popular investment ratios. Executives could use it to evaluate the levels of performance on acquisitions of capital equipment whereas investors can determine that how the stock investment is better. The ROI entry for MTOR’s scenario is at 20.90%. Another main metric of a profitability ratio is the return on assets ratio or ROA that analyses how effectively a business can handle its assets to generate earnings over a duration of time. Meritor Inc. (MTOR) generated 8.50% ROA for the trading twelve-month.

Volatility is just a proportion of the anticipated day by day value extend—the range where an informal investor works. Greater instability implies more noteworthy benefit or misfortune. After an ongoing check, Meritor Inc. (MTOR) stock is found to be 6.36% volatile for the week, while 4.52% volatility is recorded for the month. The outstanding shares have been calculated 78.45M. Based on a recent bid, its distance from 20 days simple moving average is -22.41%, and its distance from 50 days simple moving average is -23.47% while it has a distance of -16.26% from the 200 days simple moving average.

The Williams Percent Range or Williams %R is a well-known specialized pointer made by Larry Williams to help recognize overbought and oversold circumstances. Meritor Inc. (NYSE:MTOR)’s Williams Percent Range or Williams %R at the time of writing to be seated at 94.48% for 9-Day. It is also calculated for different time spans. Currently for this organization, Williams %R is stood at 95.76% for 14-Day, 95.96% for 20-Day, 96.32% for 50-Day and to be seated 96.32% for 100-Day. Relative Strength Index, or RSI(14), which is a technical analysis gauge, also used to measure momentum on a scale of zero to 100 for overbought and oversold. In the case of Meritor Inc., the RSI reading has hit 20.08 for 14-Day.

UGI Corporation (UGI) and Thomson Reuters Corporation (TRI)

DWS INVESTMENT GMBH bought a fresh place in UGI Corporation (NYSE:UGI). The institutional investor bought 6.6 million shares of the stock in a transaction took place on 12/31/2019. In another most recent transaction, which held on 12/31/2019, INVESCO ADVISERS, INC. bought approximately 2.5 million shares of UGI Corporation In a separate transaction which took place on 12/31/2019, the institutional investor, MICHIGAN DEPARTMENT OF TREASURY bought 2.0 million shares of the company’s stock. The total Institutional investors and hedge funds own 83.50% of the company’s stock.

In the most recent purchasing and selling session, UGI Corporation (UGI)’s share price decreased by -8.19 percent to ratify at $33.63. A sum of 2818223 shares traded at recent session and its average exchanging volume remained at 1.59M shares. The 52-week price high and low points are important variables to concentrate on when assessing the current and prospective worth of a stock. UGI Corporation (UGI) shares are taking a pay cut of -40.47% from the high point of 52 weeks and flying high of -4.32% from the low figure of 52 weeks.

UGI Corporation (UGI) shares reached a high of $34.78 and dropped to a low of $33.39 until finishing in the latest session at $34.50. Traders and investors may also choose to study the ATR or Average True Range when concentrating on technical inventory assessment. Currently at 1.35 is the 14-day ATR for UGI Corporation (UGI). The highest level of 52-weeks price has $56.49 and $35.15 for 52 weeks lowest level. After the recent changes in the price, the firm captured the enterprise value of $13.84B, with the price to earnings ratio of 15.97 and price to earnings growth ratio of 1.40. The liquidity ratios which the firm has won as a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 1.68.

Having a look at past record, we’re going to look at various forwards or backwards shifting developments regarding UGI. The firm’s shares fell -10.46 percent in the past five business days and shrunk -21.35 percent in the past thirty business days. In the previous quarter, the stock fell -21.55 percent at some point. The output of the stock decreased -29.94 percent within the six-month closing period, while general annual output lost -38.40 percent. The company’s performance is now negative at -25.53% from the beginning of the calendar year.

According to WSJ, UGI Corporation (UGI) obtained an estimated Overweight proposal from the 4 brokerage firms currently keeping a deep eye on the stock performance as compares to its rivals. 1 equity research analysts rated the shares with a selling strategy, 0 gave a hold approach, 3 gave a purchase tip, 0 gave the firm a overweight advice and 0 put the stock under the underweight category. The average price goal of one year between several banks and credit unions that last year discussed the stock is $50.25.

Thomson Reuters Corporation (TRI) shares on Monday’s trading session, dropped -5.78 percent to see the stock exchange hands at $70.54 per unit. Lets a quick look at company’s past reported and future predictions of growth using the EPS Growth. EPS growth is a percentage change in standardized earnings per share over the trailing-twelve-month period to the current year-end. The company posted a value of $0.71 as earning-per-share over the last full year, while a chance, will post $2.15 for the coming year. The current EPS Growth rate for the company during the year is -79.10% and predicted to reach at 11.24% for the coming year. In-depth, if we analyze for the long-term EPS Growth, the out-come was -8.20% for the past five years and the scenario is totally different as the current prediction is 31.84% for the next five year.

The last trading period has seen Thomson Reuters Corporation (TRI) move -14.50% and 31.29% from the stock’s 52-week high and 52-week low prices respectively. The daily trading volume for Thomson Reuters Corporation (NYSE:TRI) over the last session is 1.03 million shares. TRI has attracted considerable attention from traders and investors, a scenario that has seen its volume jump 119.68% compared to the previous one.

Investors focus on the profitability proportions of the company that how the company performs at profitability side. Return on equity ratio or ROE is a significant indicator for prospective investors as they would like to see just how effectively a business is using their cash to produce net earnings. As a return on equity, Thomson Reuters Corporation (NYSE:TRI) produces 81.50%. Because it would be easy and highly flexible, ROI measurement is among the most popular investment ratios. Executives could use it to evaluate the levels of performance on acquisitions of capital equipment whereas investors can determine that how the stock investment is better. The ROI entry for TRI’s scenario is at 5.20%. Another main metric of a profitability ratio is the return on assets ratio or ROA that analyses how effectively a business can handle its assets to generate earnings over a duration of time. Thomson Reuters Corporation (TRI) generated 43.80% ROA for the trading twelve-month.

Volatility is just a proportion of the anticipated day by day value extend—the range where an informal investor works. Greater instability implies more noteworthy benefit or misfortune. After an ongoing check, Thomson Reuters Corporation (TRI) stock is found to be 3.40% volatile for the week, while 2.31% volatility is recorded for the month. The outstanding shares have been calculated 506.07M. Based on a recent bid, its distance from 20 days simple moving average is -11.07%, and its distance from 50 days simple moving average is -9.36% while it has a distance of 0.60% from the 200 days simple moving average.

The Williams Percent Range or Williams %R is a well-known specialized pointer made by Larry Williams to help recognize overbought and oversold circumstances. Thomson Reuters Corporation (NYSE:TRI)’s Williams Percent Range or Williams %R at the time of writing to be seated at 96.96% for 9-Day. It is also calculated for different time spans. Currently for this organization, Williams %R is stood at 97.16% for 14-Day, 97.16% for 20-Day, 97.16% for 50-Day and to be seated 73.83% for 100-Day. Relative Strength Index, or RSI(14), which is a technical analysis gauge, also used to measure momentum on a scale of zero to 100 for overbought and oversold. In the case of Thomson Reuters Corporation, the RSI reading has hit 29.51 for 14-Day.

Discover Financial Services (DFS) and Sociedad Quimica y Minera de Chile S.A. (SQM)

PERKINS INVESTMENT MANAGEMENT LL bought a fresh place in Discover Financial Services (NYSE:DFS). The institutional investor bought 806.2 thousand shares of the stock in a transaction took place on 12/31/2019. In another most recent transaction, which held on 12/31/2019, EAST SIDE CAPITAL CORP. bought approximately 750.0 thousand shares of Discover Financial Services In a separate transaction which took place on 12/31/2019, the institutional investor, DWS INVESTMENT GMBH bought 621.8 thousand shares of the company’s stock. The total Institutional investors and hedge funds own 88.70% of the company’s stock.

In the most recent purchasing and selling session, Discover Financial Services (DFS)’s share price decreased by -12.50 percent to ratify at $54.76. A sum of 3581041 shares traded at recent session and its average exchanging volume remained at 2.26M shares. The 52-week price high and low points are important variables to concentrate on when assessing the current and prospective worth of a stock. Discover Financial Services (DFS) shares are taking a pay cut of -41.11% from the high point of 52 weeks and flying high of -10.71% from the low figure of 52 weeks.

Discover Financial Services (DFS) shares reached a high of $58.50 and dropped to a low of $54.13 until finishing in the latest session at $58.09. Traders and investors may also choose to study the ATR or Average True Range when concentrating on technical inventory assessment. Currently at 2.74 is the 14-day ATR for Discover Financial Services (DFS). The highest level of 52-weeks price has $92.98 and $61.33 for 52 weeks lowest level. After the recent changes in the price, the firm captured the enterprise value of $38.64B, with the price to earnings ratio of 6.02 and price to earnings growth ratio of 0.59. The liquidity ratios which the firm has won as a debt-to-equity ratio of 2.28.

Having a look at past record, we’re going to look at various forwards or backwards shifting developments regarding DFS. The firm’s shares fell -19.33 percent in the past five business days and shrunk -28.28 percent in the past thirty business days. In the previous quarter, the stock fell -34.13 percent at some point. The output of the stock decreased -33.42 percent within the six-month closing period, while general annual output lost -21.64 percent. The company’s performance is now negative at -35.44% from the beginning of the calendar year.

Sociedad Quimica y Minera de Chile S.A. (SQM) shares on Monday’s trading session, dropped -9.56 percent to see the stock exchange hands at $24.69 per unit. Lets a quick look at company’s past reported and future predictions of growth using the EPS Growth. EPS growth is a percentage change in standardized earnings per share over the trailing-twelve-month period to the current year-end. The company posted a value of $1.22 as earning-per-share over the last full year, while a chance, will post $1.53 for the coming year. The current EPS Growth rate for the company during the year is 15.10% and predicted to reach at 25.00% for the coming year. In-depth, if we analyze for the long-term EPS Growth, the out-come was 10.41% for the past five years and the scenario is totally different as the current prediction is 24.80% for the next five year.

The last trading period has seen Sociedad Quimica y Minera de Chile S.A. (SQM) move -39.84% and 8.72% from the stock’s 52-week high and 52-week low prices respectively. The daily trading volume for Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM) over the last session is 1.2 million shares. SQM has attracted considerable attention from traders and investors, a scenario that has seen its volume jump 16.97% compared to the previous one.

Investors focus on the profitability proportions of the company that how the company performs at profitability side. Return on equity ratio or ROE is a significant indicator for prospective investors as they would like to see just how effectively a business is using their cash to produce net earnings. As a return on equity, Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM) produces 0.00%. Because it would be easy and highly flexible, ROI measurement is among the most popular investment ratios. Executives could use it to evaluate the levels of performance on acquisitions of capital equipment whereas investors can determine that how the stock investment is better. The ROI entry for SQM’s scenario is at 0.00%. Another main metric of a profitability ratio is the return on assets ratio or ROA that analyses how effectively a business can handle its assets to generate earnings over a duration of time. Sociedad Quimica y Minera de Chile S.A. (SQM) generated 0.00% ROA for the trading twelve-month.

Volatility is just a proportion of the anticipated day by day value extend—the range where an informal investor works. Greater instability implies more noteworthy benefit or misfortune. After an ongoing check, Sociedad Quimica y Minera de Chile S.A. (SQM) stock is found to be 5.55% volatile for the week, while 4.57% volatility is recorded for the month. The outstanding shares have been calculated 254.33M. Based on a recent bid, its distance from 20 days simple moving average is -16.90%, and its distance from 50 days simple moving average is -15.26% while it has a distance of -12.06% from the 200 days simple moving average.

The Williams Percent Range or Williams %R is a well-known specialized pointer made by Larry Williams to help recognize overbought and oversold circumstances. Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM)’s Williams Percent Range or Williams %R at the time of writing to be seated at 92.47% for 9-Day. It is also calculated for different time spans. Currently for this organization, Williams %R is stood at 95.14% for 14-Day, 95.14% for 20-Day, 95.14% for 50-Day and to be seated 81.69% for 100-Day. Relative Strength Index, or RSI(14), which is a technical analysis gauge, also used to measure momentum on a scale of zero to 100 for overbought and oversold. In the case of Sociedad Quimica y Minera de Chile S.A., the RSI reading has hit 33.21 for 14-Day.

Textron Inc. (TXT) and Martin Marietta Materials Inc. (MLM)

VIKING GLOBAL INVESTORS LP bought a fresh place in Textron Inc. (NYSE:TXT). The institutional investor bought 4.9 million shares of the stock in a transaction took place on 12/31/2019. In another most recent transaction, which held on 12/31/2019, POINT72 ASSET MANAGEMENT LP bought approximately 1.6 million shares of Textron Inc. In a separate transaction which took place on 12/31/2019, the institutional investor, AMERICAN CENTURY INVESTMENT MANA bought 1.2 million shares of the company’s stock. The total Institutional investors and hedge funds own 85.10% of the company’s stock.

In the most recent purchasing and selling session, Textron Inc. (TXT)’s share price decreased by -13.73 percent to ratify at $31.03. A sum of 3037347 shares traded at recent session and its average exchanging volume remained at 1.84M shares. The 52-week price high and low points are important variables to concentrate on when assessing the current and prospective worth of a stock. Textron Inc. (TXT) shares are taking a pay cut of -46.50% from the high point of 52 weeks and flying high of -11.67% from the low figure of 52 weeks.

Textron Inc. (TXT) shares reached a high of $33.39 and dropped to a low of $30.00 until finishing in the latest session at $32.84. Traders and investors may also choose to study the ATR or Average True Range when concentrating on technical inventory assessment. Currently at 2.16 is the 14-day ATR for Textron Inc. (TXT). The highest level of 52-weeks price has $58.00 and $35.13 for 52 weeks lowest level. After the recent changes in the price, the firm captured the enterprise value of $11.11B, with the price to earnings ratio of 8.86 and price to earnings growth ratio of 1.89. The liquidity ratios which the firm has won as a quick ratio of 0.80, a current ratio of 1.90 and a debt-to-equity ratio of 0.69.

Having a look at past record, we’re going to look at various forwards or backwards shifting developments regarding TXT. The firm’s shares fell -25.71 percent in the past five business days and shrunk -38.77 percent in the past thirty business days. In the previous quarter, the stock fell -31.00 percent at some point. The output of the stock decreased -33.24 percent within the six-month closing period, while general annual output lost -39.28 percent. The company’s performance is now negative at -30.43% from the beginning of the calendar year.

According to WSJ, Textron Inc. (TXT) obtained an estimated Overweight proposal from the 13 brokerage firms currently keeping a deep eye on the stock performance as compares to its rivals. 0 equity research analysts rated the shares with a selling strategy, 6 gave a hold approach, 6 gave a purchase tip, 1 gave the firm a overweight advice and 0 put the stock under the underweight category. The average price goal of one year between several banks and credit unions that last year discussed the stock is $54.75.

Martin Marietta Materials Inc. (MLM) shares on Monday’s trading session, dropped -10.69 percent to see the stock exchange hands at $213.22 per unit. Lets a quick look at company’s past reported and future predictions of growth using the EPS Growth. EPS growth is a percentage change in standardized earnings per share over the trailing-twelve-month period to the current year-end. The company posted a value of $9.75 as earning-per-share over the last full year, while a chance, will post $13.30 for the coming year. The current EPS Growth rate for the company during the year is 31.20% and predicted to reach at 16.15% for the coming year. In-depth, if we analyze for the long-term EPS Growth, the out-come was 29.10% for the past five years and the scenario is totally different as the current prediction is 12.00% for the next five year.

The last trading period has seen Martin Marietta Materials Inc. (MLM) move -24.34% and 12.21% from the stock’s 52-week high and 52-week low prices respectively. The daily trading volume for Martin Marietta Materials Inc. (NYSE:MLM) over the last session is 1.03 million shares. MLM has attracted considerable attention from traders and investors, a scenario that has seen its volume jump 75.31% compared to the previous one.

Investors focus on the profitability proportions of the company that how the company performs at profitability side. Return on equity ratio or ROE is a significant indicator for prospective investors as they would like to see just how effectively a business is using their cash to produce net earnings. As a return on equity, Martin Marietta Materials Inc. (NYSE:MLM) produces 11.80%. Because it would be easy and highly flexible, ROI measurement is among the most popular investment ratios. Executives could use it to evaluate the levels of performance on acquisitions of capital equipment whereas investors can determine that how the stock investment is better. The ROI entry for MLM’s scenario is at 9.20%. Another main metric of a profitability ratio is the return on assets ratio or ROA that analyses how effectively a business can handle its assets to generate earnings over a duration of time. Martin Marietta Materials Inc. (MLM) generated 6.00% ROA for the trading twelve-month.

Volatility is just a proportion of the anticipated day by day value extend—the range where an informal investor works. Greater instability implies more noteworthy benefit or misfortune. After an ongoing check, Martin Marietta Materials Inc. (MLM) stock is found to be 4.90% volatile for the week, while 3.33% volatility is recorded for the month. The outstanding shares have been calculated 63.47M. Based on a recent bid, its distance from 20 days simple moving average is -15.02%, and its distance from 50 days simple moving average is -18.90% while it has a distance of -15.75% from the 200 days simple moving average.

The Williams Percent Range or Williams %R is a well-known specialized pointer made by Larry Williams to help recognize overbought and oversold circumstances. Martin Marietta Materials Inc. (NYSE:MLM)’s Williams Percent Range or Williams %R at the time of writing to be seated at 95.53% for 9-Day. It is also calculated for different time spans. Currently for this organization, Williams %R is stood at 96.24% for 14-Day, 97.15% for 20-Day, 97.35% for 50-Day and to be seated 97.35% for 100-Day. Relative Strength Index, or RSI(14), which is a technical analysis gauge, also used to measure momentum on a scale of zero to 100 for overbought and oversold. In the case of Martin Marietta Materials Inc., the RSI reading has hit 28.76 for 14-Day.

N.B. tables surplus budget

New Brunswick tables $10.2 billion budget with a surplus

The New Brunswick government tabled a $10.2-billion budget Tuesday that projects a $129.3 million reduction in the province’s net debt.

Finance Minister Ernie Steeves presented the fiscal plan as the Opposition Liberals promised to vote against it in a bid to topple the minority Progressive Conservative government.

The leaders of the Green and People’s Alliance parties have said they want to see the budget details before deciding how they’ll vote.

The current standings in the provincial legislature are 20 Tories, 20 Liberals, three Greens, three People’s Alliance members, one Independent and two vacancies.

Steeves said it’s a good budget that lowers debt and puts money back in the pockets of New Brunswickers.

“This budget is designed to continue on our path to save New Brunswick, not to save government,” Steeves said.

“By maintaining fiscal discipline, we can improve and deliver high-quality public services, reduce our debt and return some hard-earned dollars to New Brunswickers where it rightly belongs,” he said.

The net debt is expected to drop to $13.7 billion by the end of March 2021 — or about $17,611 for every man, woman and child in the province.

Servicing the debt is the sixth largest budget item.

Among the budget’s highlights, health spending will increase to a record $2.9 billion, which includes new money for hiring nurse practitioners for emergency rooms and clinics across the province.

Steeves said $1.5 million will be added to the province’s vaccination program, which will allow all New Brunswickers to have access to free flu shots. An immunization registry will also be launched.

Gas taxes are set to decrease by 4.63 cents per litre, effective April 1, as part of the New Brunswick carbon plan. The plan is contingent on legislation passing in the legislature prior to April 1.

Social assistance rates will increase for the first time since 2014. The rate for a single adult will increase to $564 per month from $537. The rate will be indexed to the Consumer Price Index.

There will be no increase to the so-called sin tax on alcohol.

Taxes on commercial and residential rental properties will be reduced, but not until the 2021 tax year.

Mall space going dark

Online shopping, rising taxes take bite out of retail space

There is now 1.2 million square feet of vacant retail space in Metro Vancouver, with more than half of that — 683,669 square feet — going dark in regional malls, such as Oakridge, as well as Burnaby’s Amazing Brentwood and the City of Lougheed, according to Cushman & Wakefield.

Some of this space is being converted to office use or closed permanently in preparation for residential development, Bourne said. The Amazing Brentwood and City of Lougheed have multiple residential towers either built or planned to be built in the next few years.

The total Metro Vancouver vacancy rate represents 3.4 per cent of the region’s total retail inventory of 35.2 million square feet.

The retail churn will become more pronounced, predicted Eric Poon, a retail specialist with Macdonald Commercial in Vancouver.

“Online shopping is the global trend that has affected the retail sector,” Poon said. “Millennials and gen-Zers are more accustomed to click-and-pick shopping rather than visiting a store. Retailers are finding less need to have multiple stores in shopping centres or street fronts. In fact, some stores are primarily open to accommodate returns that were purchased online.”

Starbucks shuttered its outlet at Kitsilano Beach in January and at 18 other Metro locations in the past year, part of a retail trend that has seen 73,443 square feet of Metro Vancouver retail space close in the second half of 2019.

The retail bricks-and-mortar cutbacks have been forecast for some time, but the latest data throws the speculation into stark relief.

Regional malls in Metro Vancouver lost 48,878 square feet of space and community malls shed 21,682 square feet of stores in the six months ending Dec. 31, according to commercial real estate broker Cushman & Wakefield.

Streetfront stores are also closing in shopping strolls such as Robson Street, Alberni Street and South Granville, said Patrick Bourne, retail analyst at Cushman & Wakefield in Vancouver, but this data was not included in the survey.

Vacant storefronts are appearing across Vancouver, often tied to the triple-net lease rates that require retail tenants to pay property taxes based on escalating land values. An informal survey found 25 for-lease signs on former retail outlets along a 10-block section of South Granville last fall.

Didier Facchin, who owns the Figaro Café + Bakery on West 10th Avenue in Vancouver, said property taxes are the deal killer.

“[My] base rent is almost the same as four years ago,” Facchin told the Courier. “It’s the taxes — they’ve gone up 40 per cent every year. The rent is not that bad. It’s the commercial taxes.”