Monday, April 29, 2019

Washington Prime CEO: 'We are far from delusional' but retail sector not as bad as reports say

bizjournals.com
Washington Prime Group Inc. is doing just fine, thank you very much.

The Columbus-based operator of malls and shopping centers reported a 20% increase in leasing volume across its portfolio to 1.4 million square feet, with occupancy in its tier-one malls down a bit at 93.3 percent.

But what was on CEO Lou Conforti's mind was the continued media and analyst drumbeat of a looming 'retail apocalypse.' In a quarterly earnings report, he called out two instances, one a news report and the other a data analysis.. . . more