
The CEO of the biggest mall owner in the US says he’s nervous about more retail bankruptcies this year
Key Points Simon Property Group CEO David Simon tells analysts he’s nervous about more retail bankruptcies happening this year. Still, the real estate owner is confident about its plans to bring in alternative uses like hotels and gyms to malls. The biggest mall owner in the U.S. is warning of more store closures and even bankruptcies to rattle the retail industry in 2019. “There are some retailers out there that we’re nervous about,” Simon Property Group CEO David Simon said Friday... ...more RSK: If he is nervous then something is about to happen. Mall`s may have to get out of the Big Box Dept. Store mode and go with more specialty and local venues. Also how about Food Carts and Farmers Markets, entertainment and apartments.? Seems everyone wants one of those.
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The CEO of the biggest mall owner in the US says he’s nervous about more retail bankruptcies this year

Key Points

Simon Property Group CEO David Simon tells analysts he’s nervous about more retail bankruptcies happening this year.
Still, the real estate owner is confident about its plans to bring in alternative uses like hotels and gyms to malls.

The biggest mall owner in the U.S. is warning of more store closures and even bankruptcies to rattle the retail industry in 2019.

“There are some retailers out there that we’re nervous about,” Simon Property Group CEO David Simon said Friday...

...more

RSK: If he is nervous then something is about to happen. Mall`s may have to get out of the Big Box Dept. Store mode and go with more specialty and local venues. Also how about Food Carts and Farmers Markets, entertainment and apartments.? Seems everyone wants one of those.

Share this article on you social outlets

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- - Volume: 7 - WEEK: 6 Date: 2/5/2019 9:12:12 AM -