shopping malls news and archive

Video: The rise and fall of the American mall

The first shopping mall was built in 1956 and ever since has been a symbol of Americana. Following the first mall, Southland, thousands began to pop up all over the country and shaped America's retail landscape. In recent years, however, shopping malls have lost their popularity and are rapidly shedding value. What went wrong? How did shopping...

FeaturedMember

Retail

U.S. shopping malls see rapid store closures, but all is not lost

The changing landscape of US retail has not been without a slew of casualties. With 7,426 store closures so far this year in shopping malls, compared to 3,000 openings, there is anxiety and turbulence in the sector. The closures compare against 5,864 shuttered stores last year, according to data from Coresight, and closures are happening at the...

FeaturedMember

Retail

The Gathering Shops launches retail concept in New Jersey mall

New Jersey’s Westfield Garden State Plaza is launching a new retail concept. The Gathering Shops, an innovative retail startup with the aim of offering a physical retail opportunity to digitally native brands, opened an experiential retail space within New Jersey’s largest mall this week. “Westfield Garden State Plaza is one of only a handful of...

Member

Retail

Despite hedge fund bets, shopping malls remain relevant

According to a recent Bloomberg News report, hedge funds have been betting against the failing shopping mall industry, expecting to earn large profits when loans to mall operators eventually fall short. According to Bloomberg News, “Investors have been betting on indexes that track baskets of commercial mortgages with outsize exposure to malls...

FeaturedMember

Retail|OPINION

How South Coast Plaza remains unphased by mall decline

Los Angeles - In a time where most malls fail to attract business, Costa Mesa’s South Coast Plaza has continued to remain immune. The plaza just added another men’s store to their high-end apparel collection. Louis Vuitton men’s store just opened at the luxury shopping center this month. Additionally, Saint Laurent also relocated at the plaza...