Although reconstituting aging malls and shopping centers often centers on restaurants and movie theaters, a new whitepaper from Placer.ai suggests that lifestyle issues that have been ongoing, and getting more attention during the COVID-19 pandemic, could translate into new opportunities for major retail combines.
A large, although shrinking, majority of people across the United States are concerned that they or someone they know will contract coronavirus, according to an ABC News/Ipsos poll conducted June 10 and 11.
According to research by Fung Global Research & Technology, notions of a “retail apocalypse” in the U.S. have been driven by apparel specialty and apparel-focused department store closures and ignore strength in other brick-and-mortar based channels.
CBL & Associates Properties has closed on a sale/leaseback transaction for five Sears stores and two Sears Auto Centers located at CBL malls, which will give the mall operator control of the locations involved for future redevelopment.
The World Trade Center retail mall, destroyed in the 9/11 terrorist attacks, will enjoy a rebirth on August 16 as Westfield celebrates the grand opening of its new World Trade Center mall.
Consumers anticipate spending the majority of their holiday budget in brick-and-mortar stores this holiday season, according to a Deloitte survey.…