September 2017 Economic Outlook


UCLA Anderson Forecast presents

September 2017 Economic Outlook

Korn Convocation Hall, UCLA Anderson School
Wednesday, September 27, 2017 | 7:30 a.m. - 12:00 p.m.
Register Now
Registration: $195
Seating is limited. Online registration closes 11:59 p.m. on 9/25/2017

A revolution is underway in retailing as online sales are taking about 50% of the incremental growth. Store closings will approach 9000 this year more than quadruple the 2000 reported as recently as 2013 and remember the economic environment has been benign. What will happen when it turns more hostile? The proposed Amazon-Whole Foods merger sent shivers throughout the grocery sector, once though to be immune from online competition. Nevertheless physical retailing has not been taking the online onslaught lying down by shifting to omni-channel distribution and offering more experiential opportunities for shoppers. Our conference will focus on what will happen to this giant sector of the economy that employs nearly 16 million people and occupies about 7 billion square feet of space.

7:30 - 8:30a Registration + Breakfast
8:30 - 8:35a Welcome + Introductions
8:35 - 9:30a UCLA Anderson Forecast for the Nation, California and Los Angeles
Jerry Nickelsburg, Senior Economist, UCLA Anderson Forecast
David Shulman, Senior Economist, UCLA Anderson Forecast
William Yu, Economist, UCLA Anderson Forecast
9:30 - 9:40a Q + A with the Forecast Team
9:40 - 9:55a Allen Matkins / UCLA Anderson Forecast California Commercial Real Estate Survey: The 2017 results
John Tipton, Partner, Allen Matkins
9:55 - 10:10a Break
10:10 - 10:40a Keynote - Retail and Commercial Real Estate
10:40 - 11:10a Keynote - The Future of Retail
11:10 - 12:00p Panel - Where Does Retail Go From Here?
Moderator: David Shulman, Senior Economist, UCLA Anderson Forecast
Randy Bucklin, P.W. Mullin Chair in Management & Professor of Marketing, UCLA Anderson School
Daniel Busch, Managing Director, Green Street Advisors Retail Specialist
Art Coppola, Chairman and Chief Executive Officer, Macerich
Gary Schoenfeld, Former CEO, Pacific Sunwear and Vans, Inc.
Key Topics
Retail and shopping center stocks have collapsed this year in the face of a rising stock market. Is the stock market right or is the pessimism overdone?
Can the economy break out of the 2% growth path it has been in since 2010?
Why is California's growth slowing?
How big a problem might retail employment be in California?
What are the prospects for trade in the fourth quarter?
How have the retail industry and it's employment changed over the past two decades across cities?

UCLA Anderson Forecast