Friday, March 30, 2018

Sales at Class-A Malls Increase Despite Broader Retail Woes

Image result for class a mallsSomeone needs to tell class-A mall owners that the consensus among market pundits is that the mall is dying. The owners probably didn't receive the memo, given the stellar recent performance of their properties.

Inline store sales for Macerich Co., Simon Property Group, Taubman Centers Inc., and GGP Inc. all increased year over year, a strong barometer of just how successful their properties have been. (In some cases, the increases were more handsome than others.) However, owners of class-B/C malls didn't fare as well.. . . more

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