Don’t Write off Retail Stores, Shopping-Center CEO Saysby Tim Feran
Amid the recent talk of the “death of shopping malls” and Amazon’s march toward selling everything to everyone everywhere, it might be worthwhile to consider other viewpoints.
During a recent interview, the CEO of the International Council of Shopping Centers pooh-poohed the notion that the physical store is dead or dying.
“As a whole, the industry is healthy,” Tom McGee told the Miami Herald recently. “Occupancy at most centers is full or close to full. You see the normal churn, but the industry has done a good job of navigating itself out from the heights of the recession.”