Industry Headlines: October 11, 2012
- Mall vacancy down, rents up: Third quarter numbers look good – the improvements may be small, but they’re headed in the right direction. (Shopping Centers Today)
- Clothing drives September retail sales rise: UK retailers see a slight bump in September. (RetailWeek)
- Australia’s Woolworths to gain $870 mln cash in property spin-off: The supermarket operator is spinning off its shopping center business. (Reuters)
- Tech-savvy Middle East consumers shun buying online: Younger buyers simply aren’t interested in the hassles of shopping online over more traditional shopping experience. (The National)
- How Canada’s retailers discounted the rise of the dollar store: Retailers scramble to adapt to a growing dollar-store demographic. (The Globe and Mail)
- Outlet Malls Grow More Luxurious: The search for luxury brands is on at outlet centers across the U.S. (REIT)
- Neiman Marcus holiday catalog features $1M pair of watches with trip, sports car, famous chefs: The king of aspirational holiday shopping experiences. (Washington Post)
- Woodlands Mall debunks the Black Friday myth alledged by the Wall Street Journal: A popular article alleges that Black Friday isn’t the best time for deals, but that isn’t the shopping center experience. (Woodlands Online)
- Renewable energy sources for shopping malls in offing: India prepares to help its centers become more sustainable. (Business Standard)
- Bieber’s video ends legal stoush over shopping centre appearance: Remember the big fuss about the Justin Bieber mall appearance a few years back? It’s finally resolved. (Daily Telegraph)
- Retailers upbeat about festive season this year: It’s beginning to look like a great Christmas. (CNBC)
- Mistletoe and…Layaway? The Popular Holiday Payment Plan Makes a Comeback: Sears and others expect new layaway plans to make Christmas brighter for everyone. (FOX Business)
