Thursday, April 21, 2016

Upscale Shopping Centers Nudge Out Down-Market Malls

Restoration Hardware opened a large store last fall in Denver’s upscale Cherry Creek Shopping Center.Retailers from Gap Inc. to Abercrombie & Fitch Inc. are abandoning a decades-old strategy of growing sales by blanketing cities with stores as consumers do more of their shopping online and less at the mall.

The shifting shopping habits have prompted chains such as Williams-Sonoma Inc. and Macy’s Inc. to close stores in secondary malls to focus on web sales and more upscale shopping centers.. . . more

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