Industry Headlines: May 24, 2012
- ICSC elects Hutensky 2012-13 chairman: Long-standing ICSC member and president and principal of Hutensky Capital Partners Brad M. Hutensky has been chosen as chairman for the next year. (Shopping Centers Today)
- Westfield gives a peak at World Trade Center plans: The retail center has been a long time coming, and it finally has an expected opening date. (Chicago Tribune)
- Attrition Rate for U.S. Malls 10%? Maybe on a Good Day: Big changes are coming for at least the bottom 10% of shopping centers, but is that anything new? (Wall Street Journal)
- Hawaiian boutique owner wins top prize in NRF’s ‘This is Retail’ contest: The winner has been revealed, and the $25,000 (Retailing Today)
- Retailers brace for more cross-border shopping pain: A strong dollar sends Canadian shoppers south of the border. (The Globe and Mail)
- Megastores keep malls afloat in downturn: While retail drifts, electronics megastores and other big retailers are holding the oars. (Sydney Morning Herald)
- Expanding or not, U.S. retailers rethink stores: Retailers are looking to match the convenience of online shopping with the luxury of brick-and-mortar. (Reuters)
- Sears to partly spin off Canada business: One of the many changes coming to Sears is a withdrawal from its Canadian division. (Globe and Mail)
- Taubman to launch construction of Mall of San Juan, marking Nordstrom and Saks debuts: It will also be the island’s first upscale center. (Chain Store Age)
- Centro seals $690m sale: Three centers change hands from Centro Retail to billionaire Stan Perron. (Inside Retailing)
