Paula Gardner/MLive – Metro Detroit quietly stepped to the forefront of U.S. mall transformations early this year with a deal for a ¼-million square foot anchor tenant that won’t display the latest fashions, attract new customers or push sales per square foot. Yet retail experts say that Ford Motor Company moving 2,100 employees into Fairlane Mall […]
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Competition is putting owners & retailers under pressure to make shopping even quicker & easier
Joel Groover/Shopping Centers Today – If the global real estate industry were to hold its own Top Buzzwords contest, the term “experiential” would surely be in the running. After all, landlords and retailers worldwide are keen on exploring new ways to create the kinds of brick-and-mortar destinations shoppers love to visit. Often the goal is to […]
Holiday Shopping 2015: Consumers buying less expensive gifts
Joyce M. Rosenberg/Associated Press – Cheap is the new chic for holiday gifts. Jana Montero, who has in the past bought loved ones iPods and tablets for Christmas, has changed her attitude about gift giving: This holiday season, she’s grabbing candle sets and serving dishes that cost under $30 to give to family and friends. Montero, […]
What will fill the mall of the future? Probably not more department stores
Justine Griffin/Tampa Bay Times – When the Maas Bros. department store chain went defunct in 1991, Burdines was there to replace it. In 2004, Burdines was wiped away as stores were converted to bear the Macy’s name. But when the time comes, what will replace Macy’s? Probably not another department store. Department store chains have defined […]
After months of prep, retailers ready for Black Friday Crowds
Gary Dinges/Austin-American Statesman – While you were busy tearing the wrapping paper off gifts last Christmas morning, retail executives were already thinking ahead – way ahead – and formulating plans for this holiday season. A year’s worth of strategizing culminates this Thanksgiving weekend, when stores throughout Central Texas – and across the nation – slash prices […]
Black Friday madness takes over area malls
Suzette Parmley/Philadelphia Inquirer – Black Friday was, by most accounts, mall madness. The annual shopping tour de force began at 6 p.m. Thursday at the region’s shopping meccas and big-box retailers. With unusually warm weather and retailers’ deep discounts, the public’s appetite to buy, peruse, or eat remained strong all day Friday, according to retailers and […]