Patrice Duker
Patrice Duker
seen
We've seen gyms go in as anchors. We've seen day spas go in.
easter positively shift shows
What it shows is the Easter shift is working positively for April.
accounting beginning came christmas december driver easter june last march november percent retailers sales season summer total
Easter is the third-biggest seasonal driver for retailers in malls. The Christmas season November and December accounted for 25 percent of their sales last year. The beginning of summer May and June accounted for 15. 4 percent of total sales last year. Then came March and April, accounting for 12 percent of sales.
consumer gentleman next pushing thinking ultimately wait
This gentleman is thinking what 'outside the box' could be. He's pushing it to the next level. But will it work? We'll just have to wait and see. It's ultimately the consumer who decides.
department enclosed stores
Department stores will always have a place in enclosed malls. You won't have 40 or 50 vying to be in that space, but they are out there and they are looking.
open pay store taxes
An open store is a (financial) liability. They still have to pay taxes on it.
high looking months six
You're probably not looking at years, either, but more like six months to a year, on the high end.
earlier holiday notice open retailers stay
You really notice it during the holiday season, when retailers open earlier and stay open later.
available city core customers gets household income locate stores sure
These stores want to make sure they have a core of customers available in a city before they open. The stores look at median household incomes. If the median income is $80,000 or more, they will probably locate there. If it is $30,000 or less, then it gets tough.
combine economies smart stores
When you combine all stores into one brand, you have the economies of scale. It's a very smart move.
account centers currently enclosed section shopping small states united
They (malls) account for a pretty small section of shopping centers. There are 47,000 shopping centers in the United States currently and only 1,104 of those are enclosed malls.
expand great opportunity
It really allows a great opportunity to renovate, expand or reconvert.
leader strong
It's a leader (in the industry). It's a strong center.
calendar expected retail sales
This is what we expected from March. Retail sales are being impacted by the calendar shift.