Retail leasing activity stalled in the 1Q, but there are plenty of reasons why retailers should take advantage of the opportunity and open new stores.
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Caruso Launches A Mall Loyalty Program Unlike Any Other
Malls are in a mess of trouble. Throughout the year, mall traffic is tracking below 2019 levels on a month-by-month basis. And in September, when back-to-school shopping should have invigorated shoppers, visits to enclosed malls were off 10%, as were open-air lifestyle centers (OALC). And September was the worst month all year for OALCs, according […]
‘Mall Whisperer’ Rick Caruso On What It Takes to Be Successful in Retail – Any Retail
As the world begins to open up from the pandemic shutdowns, malls across the country are feeling the love. In March, mall visits jumped 44 percent ahead of February, according to Placer.ai, based upon visit data tracked across 50+ malls in the U.S. in both urban and suburban centers. While April visits held just about […]
There’s Hope for Malls: Here’s a 3-Step Plan
The news on the mall front remains depressing at best. Coresight Research, along with many other respected firms, continue to predict as many as 25 percent of the nation’s malls may close over the next three to five years. And there could be even more “if we can’t stop the bleeding,” said Coresight CEO Deborah Weinswig. Currently […]
