Wednesday, October 24, 2018

Mall Kiosks Find New Life As ‘Studio Shops’

PYMNTS.com
The beloved mall kiosk, or the more formally named retail merchandising unit (RMU), had its humble beginnings in Boston. When the (former) Rouse Company was developing its Quincy Market-Faneuil Hall property in the 1970s, the firm turned to the center’s roots as an open-air market, bringing carts into the iconic marketplace to offer flowers and crafts.

That development started a trend of shopping centers bringing in small carts or kiosks into their properties. In the 1990s, the International Council of Shopping Centers reported that 75 percent of the shopping centers in the U.S. had them. The carts, which also ended up at places like the Prudential Center and Grand Central Terminal, offered shoppers the chance to peruse items ranging from specialty goods to foods and jewelry.. . . more