Simon Property Group reported that the improving domestic economy is fueling a rise in shopper sentiment, foot traffic and sales throughout its global real estate portfolio. In luxury marketplaces, The RealReal said it would open more neighborhood stores in affluent communities as it forecasted that gross merchandise value (GMV) would grow this quarter. And in digital banking, consumers want more tailored mobile banking app experiences and more customized functionalities. All this, Today in Data.
Data:
$327M: The RealReal’s gross merchandise value for the first quarter.
90.8%: Occupancy rate of Simon Property Group’s U.S. malls and premium outlets as of March 31.
83.6%: Share of The RealReal’s GMV from repeat buyers for the first quarter.
68%: Share of baby boomers and seniors interested in real-time mobile banking app notifications.
$40B: Approximate market cap of Simon Property Group as of May 11.
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