Think the road ahead is clear for malls and shopping centers needing to win over web shoppers and millennials? Think again.
The Northeast market has always had lots of what both retailers and retail center developers want — density — and the most densely populated region of the country continues to pack them in.
Along with death and taxes, it could be said, the future is also inevitable, so it makes sense for a challenged retail industry to take stock of it.
Even before they get to the Santa line, families shopping at Centennial-owned malls this holiday season are able to interact digitally with elves, snowmen, and reindeer positioned throughout the atriums.
In August, when Simon Property Group filed a breach of covenant suit against Starbucks for attempting to close 78 Teavana stores in Simon malls, one legal expert said Simon was drawing a line in the sand.
Made-measure menswear retailer Indochino continues to expand its brick-and-mortar footprint.