Patrice Duker
Patrice Duker
allowing gathering late malls open since steam theaters
Restaurants and theaters are part of the mall-mix gathering steam since the late 1990s, allowing malls to open up to a whole new set of consumers.
malls trying
Malls are trying to be something to everybody.
among effort invest largest seeing usual
This year, we're seeing an even more concerted effort than usual to invest in properties, especially among the largest companies.
center ensure environment mindful secure security trying works
We just have to be mindful that what works for one center may not work for another center, because (security) is very site-specific. Overall, what they're trying to do is ensure it's a secure environment for everyone.
easter positively shift shows
What it shows is the Easter shift is working positively for April.
accounting beginning came christmas december driver easter june last march november percent retailers sales season summer total
Easter is the third-biggest seasonal driver for retailers in malls. The Christmas season November and December accounted for 25 percent of their sales last year. The beginning of summer May and June accounted for 15. 4 percent of total sales last year. Then came March and April, accounting for 12 percent of sales.
combine economies smart stores
When you combine all stores into one brand, you have the economies of scale. It's a very smart move.
available city core customers gets household income locate stores sure
These stores want to make sure they have a core of customers available in a city before they open. The stores look at median household incomes. If the median income is $80,000 or more, they will probably locate there. If it is $30,000 or less, then it gets tough.
anytime market
They (teens) are an important market and they're not going away anytime soon.
almost choice decade lifestyle
Almost every decade has its development of choice. This decade it's the lifestyle center.
account centers currently enclosed section shopping small states united
They (malls) account for a pretty small section of shopping centers. There are 47,000 shopping centers in the United States currently and only 1,104 of those are enclosed malls.
calendar expected retail sales
This is what we expected from March. Retail sales are being impacted by the calendar shift.
high looking months six
You're probably not looking at years, either, but more like six months to a year, on the high end.
earlier holiday notice open retailers stay
You really notice it during the holiday season, when retailers open earlier and stay open later.