Companies like Simon Property Group and Walmart are throwing money at shopping centers with empty stores, weak traffic and falling sales.
Lower-performing shopping malls in the U.S. that once seemed destined to languish or close are getting renewed attention.
Last week, for example, Walmart revealed that it bought a mall in the Pittsburgh area, and Simon Property Group said that for the next two years it will refurbish many of its B malls.
“Frankly we’ve been organizationally very focused on — for no better word — the A’s,” CEO David Simon told analysts last week. “We do think there is real effort, focus, growth for us in the B’s, where we’re investing our dollars. So that’s a big program for us in ’25 and ’26.”..
Last week, for example, Walmart revealed that it bought a mall in the Pittsburgh area, and Simon Property Group said that for the next two years it will refurbish many of its B malls.
“Frankly we’ve been organizationally very focused on — for no better word — the A’s,” CEO David Simon told analysts last week. “We do think there is real effort, focus, growth for us in the B’s, where we’re investing our dollars. So that’s a big program for us in ’25 and ’26.”..
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- - Volume: 25 - WEEK: 8 Date: 2/18/2025 2:18:24 PM -