Key Points
- Kimco
Realty CEO Conor Flynn told Jim Cramer that the changing business
environment at shopping centers features services in addition to
traditional retail storefronts.
- “Services is all about in person, all about the e-commerce-resistant type use, and that’s what’s driving vacancy rates to all-time lows,” Flynn said, adding that service businesses are often related to health and wellness, like urgent care and veterinary facilities.
CEO Conor Flynn described the changing business environment at shopping centers, saying “it’s all about services” rather than just traditional retail storefronts.
“Services is all about in person, all about the e-commerce resistant type use, and that’s what’s driving vacancy rates to all-time lows,” he said, adding that service businesses are often related to health and wellness, like urgent care and veterinary facilities...
RSK: Although I find Cramer very entertaining I take his advice with a pinch of salt. But this Kimco interview is right on.Malls used to have more retail with some service providers mixed in. Now the tide is turning and they will become more service and entertainment than retail.
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- - Volume: 25 - WEEK: 21 Date: 5/20/2025 11:48:35 AM -