In the latest sign of trouble for the mall, several national retailers are moving outdoors. That’s according to a Monday (Jan. 15) Wall Street Journal (WSJ) report, which said that a number of brands are turning to shopping centers and strip malls after seeing those locations...
The owner/operator of 85 shopping centers in California, Colorado and Illinois said shoppers are returning to recently reopened malls, but they’re not lingering, according to a CNBC report. “Since last week, our average traffic has been up about 25 percent, so we are seeing more...
Mall owners are closing shopping centers amid the coronavirus outbreak, and a trade group that represents them reports that closures are putting a strain on its members. The International Council of Shopping Centers (ICSC) says it believes action from the federal government is needed, and large retail...
For most retailers, this virus thing is starting to hurt. In fact, the current situation now has a nickname, courtesy of analysts at Jefferies: Closeageddon. “Retailers are now in full-on battle mode,” said Jefferies Analyst Randal Konik, who foresees a 90 percent to 100 percent...
January 15, 2024
In the latest sign of trouble for the mall, several national retailers are moving outdoors. That’s according to a Monday (Jan. 15) Wall Street Journal (WSJ) report, which said that a number of brands are turning to shopping centers and strip malls after seeing those locations attract more sales while costing less. “These retailers are going […]
May 26, 2020
The owner/operator of 85 shopping centers in California, Colorado and Illinois said shoppers are returning to recently reopened malls, but they’re not lingering, according to a CNBC report. “Since last...
June 11, 2019
Green Growth Brands (GGB) announced it has entered a deal to open more than 70 new locations at Brookfield Properties‘ shopping centers throughout the United States. The company added that...
April 02, 2019
The vacancy rate of community shopping centers in the U.S. reached 10.2 percent in the first quarter — up from a year earlier but unchanged from the fourth quarter of 2018....
