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Tag: mall

New Life Time center ups the ante as mall anchor

A $43 million anchor has opened at the nation’s first enclosed mall but it’s not a typical anchor — even by current standards.  Luxury health club operator Life Time has opened a massive complex that includes a three-story, 147,000-sq.-ft. “athletic resort” at Simon’s Southdale Center, in Edina, Minn., which opened in 1963. The health club includes a rooftop …

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Govt asks Snapdeal, Paytm Mall to give business details, Retail News, ET Retail

NEW DELHI: The government has written to Snapdeal and Paytm Mall seeking information on their selling practices as part of a wider probe into deep discounting practices of ecommerce players, people aware of the development said. The Department for Promotion of Industry and Internal Trade (DPIIT) has sought information about top sellers on these ecommerce …

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Digitally native retailers join PREIT’s mall line-up

Four retailers founded online are expanding their brick-and-mortar footprints. Real estate investment trust PREIT is welcoming four brands that were formerly online-only to two of their properties: Cherry Hill Mall, in Cherry Hill, N.J., and Woodland Mall, in Grand Rapids, Mich. “As the retail ecosystem continues to evolve, the mall platform offers a tremendous opportunity …

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Billionaire investor Carl Icahn is placing a big bet against mall owners, report says

Carl Icahn at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on September 13, 2016. Heidi Gutman | CNBC Billionaire investor Carl Icahn is placing a $400 million bet against struggling malls, taking on two of the largest investment firms, according to a report in the Wall Street Journal. Icahn stands to make millions …

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ICSC: Strong store, mall turnout expected for holiday weekend

Retailers should get ready for a busy Thanksgiving weekend in stores and at shopping centers. Eighty-five percent of adults plan to shop during the four-day weekend, and 80% will visit a store or a shopping center, according to the International Council of Shopping Centers’ Pre-Black Friday Intentions Survey. Shoppers anticipate spending an average of $470, …

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Mall of America wades into traffic counting

Get great content like this right in your inbox. Subscribe The largest retail and entertainment center in North America is studying customer traffic patterns to help it make better operational decisions. The ShopperTrak solution measures mall shopping center traffic patterns, delivering mall owners and retail property managers the reliable data to explore new leasing models, …

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TJX, Ross, Burlington benefit from ‘losers in the mall’

CNBC’s Jim Cramer on Friday highlighted one segment in the retail industry he believes will work well in a portfolio whether the economy is slowing or thriving. The off-price retailers of TJX Companies, Ross Stores and Burlington Stores satisfy both consumers looking for bargain deals and real estate investment trusts, or REITs, looking to lease …

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People are going to the mall to eat at the food court, not shop: UBS

Shoppers walk through the food court at the Easton Town Center Mall in Columbus, Ohio. Luke Sharrett | Bloomberg | Getty Images More and more people are going to the mall to eat at the food court, not to buy clothes, according to a survey from UBS. The investment bank said apparel spending continues to …

People are going to the mall to eat at the food court, not shop: UBSRead More

American Dream mall receives temporary permit needed for opening

The American Dream complex stands in East Rutherford, New Jersey, on Thursday, Aug. 29, 2019. Gabby Jones | Bloomberg | Getty Images The American Dream mall has been issued a temporary certificate of occupancy (TCO) by New Jersey Department of Community Affairs on the eve of its opening weekend. The DCA said in a statement, …

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Minnesota Mall retools food hall concept with local flair

Get great content like this right in your inbox. Subscribe Minnesotan celebrity chef Justin Sutherland Minnesota’s Rosedale Center announced plans to open Potluck, a new food hall celebrating the local culinary scene. A rotating collection of Minnesotan restaurants and food retailers will be centralized in one location – the same space which housed the much-anticipated …

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