Patrice Duker
Patrice Duker
malls trying
Malls are trying to be something to everybody.
center ensure environment mindful secure security trying works
We just have to be mindful that what works for one center may not work for another center, because (security) is very site-specific. Overall, what they're trying to do is ensure it's a secure environment for everyone.
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.
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.
combine economies smart stores
When you combine all stores into one brand, you have the economies of scale. It's a very smart move.
easter positively shift shows
What it shows is the Easter shift is working positively for April.
among effort invest largest seeing usual
This year, we're seeing an even more concerted effort than usual to invest in properties, especially among the largest companies.
consumers tends trip
Consumers like this format. It tends to become a destination-oriented trip for people.
concerned numbers slightly
The numbers are slightly down, but are nothing to be concerned about.
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.
seen
We've seen gyms go in as anchors. We've seen day spas go in.
anytime market
They (teens) are an important market and they're not going away anytime soon.
almost choice decade lifestyle
Almost every decade has its development of choice. This decade it's the lifestyle center.