News

October 5, 2017
Pop-up shop pioneer Spirit Halloween is hitting the mall as more retailers vacate

Halloween isn't only a favorite time of year for kids. Many retail landlords with vacant stores also have something to look forward to. "Because national retailers take a long time to sign leases — easily six months — tenants like Spirit Halloween tend to be a great filler in the interim," said Ami Ziff, a director of Time Equities' National... »

October 4, 2017
Stint with family business behind him, Glimcher returns to retail development with Starwood

Michael Glimcher has spent half his life around malls and shopping centers — not hanging out at the mall, but developing and operating them. His family developed Polaris Fashion Place and built up a stable of shopping centers including central Ohio’s Indian Mound and River Valley malls before the business, Glimcher Realty Trust, merged with ... »

October 3, 2017
NRF issues positive 2018 holiday retail sales forecast

The National Retail Federation said earlier today it is feeling fairly positive about 2017 holiday season retail sales. These sales, as defined by the NRF, are sales in the months of November and December and exclude autos, gas, and restaurant sales. For 2017, NRF is calling for holiday retail sales to be up 3.6%-4% annually, coming in at an est... »

October 2, 2017
Mall owners reject the notion of a retail apocalypse

NEW YORK — Mall owners may have one of the toughest jobs on the planet with the implosion in retail, but three top executives whose job it is to fill them with viable tenants contend that the doom and gloom is exaggerated. “There’s no retail apocalypse,” said Stephen D. Lebovitz of CBL, which is headquartered in Chattanooga, Tenn., with ... »

October 2, 2017
Westfield Century City to unveil $1 billion remodel on Tuesday

More than two years in the making, the $1 billion redevelopment of Westfield Century City will be unveiled at a grand opening on Tuesday night. Los Angeles Mayor Eric Garcetti and Westfield co-CEOs Peter and Steven Lowy are slated to be on hand to celebrate the “modernization and beautification” of the 1.3 million-square-foot retail, restaur... »

October 2, 2017
How to Save the Mall

LOS ANGELES, United States — Do consumers still need shopping malls? One in four US malls won’t exist in five years, according to a June report by Credit Suisse. This year alone, American shopping malls will lose an estimated 8,640 stores to closures. That’s, in part, thanks to digital sales of apparel, which are growing fast and estimated to... »

September 27, 2017
UK Retail Sales Growth Climbs to Two-Year High, CBI Says

LONDON — British retail sales growth unexpectedly surged to a two-year high in early September, industry data showed, boosting the chances of a pick-up in the pace of economic growth and a Bank of England interest rate rise in November. The Confederation of British Industry's retail sales balance jumped to +42 from -10 in August, the highest i... »

September 27, 2017
Michigan retail sales get late summer boost

LANSING, MI--(Marketwired - September 27, 2017) - Michigan retailers reported a slight uptick in sales activity for August over a month ago, and they're optimistic that the next three months will be better, according to the Michigan Retail Index, a joint project of Michigan Retailers Association (MRA) and the Federal Reserve Bank of Chicago. Just ... »

September 26, 2017
Texas retail sales index surges in September on Harvey cleanup, Dallas Fed says

Texas retail sales activity surged in September as companies began the long road to recovery from Hurricane Harvey, the Federal Reserve Bank of Dallas said Tuesday. The Dallas Fed’s retail sales index, which measures the industry’s overall health, jumped almost 16 points this month, continuing a two-month trend in increased sales, according ... »

September 24, 2017
Clarins launches a new retail kiosk concept in Malaysia

If you’re apprehensive about entering an imposing beauty boutique for quick services or just to check out their retail products, then this new beauty retail kiosk concept from Clarins will appeal to you. Accessibility is key for Clarins as they open the world’s first retail kiosk in Malaysia at IOI City Mall in Putrajaya. Occupying a floo... »

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