Eric Kaufman, David Kopp and Howard Ervin at Symphony Property Group in Bedford, N.Y., submitted some thoughts to me on what enclosed malls might need to do to stay user-friendly in the 21st Century. They were inspired by an article that appeared...
This looks to be an interesting tactic. Pier 1 is shooting to lower its rents and it's sending a strong signal to landlords that if its rents aren't lowered, it will seek to terminate leases on up to 125 stores. For now, I'm not going to add Pier...
There's been a flurry of stories in the past couple of days painting a grim picture of New York City's retail scene. Yesterday, the New York Times wrote of local landlords offering retail tenants deep discounts to keep them in spaces. ...
This story from the St. Louis Post Dispatch examines what happens to big boxes if you can't find another retailer to move in. This is something we touched on in a package of stories last May. In a climate where it seems another round of closings...
This is the same mall that about a year ago dreamed up the Atlas Solution--a stunt in which the center gave away $20,000 in cash to shoppers wearing stickers saying, “I support the economy.” ...
Here's a very cool presentation charting Target's growth by year. There used to be a similar video about Wal-Mart up, but it seems to be off Dow Jones site now.
During Simon Property Group's earnings call, CEO David Simon dropped this bombshell: “The new development business is dead for a decade,” Simon said on today's call. “Maybe it's eight years. Maybe it's not completely dead. Maybe I'm over...
Calculated Risk has an amazing and thorough look at the January economic picture as seen through 20 different measures, including the AIA Billings Index and the vacancy rate at shopping centers.