Find in the news:
BY COUNTRY

Customers return to the malls in a state of euphoria



There is something of a state of euphoria in the actions of shoppers who have had the opportunity to return to shopping malls.
Customers return to the malls

According to David Simon, general manager of Simon Property, the largest mall owner in the U.S., footfall at malls is increasing day by day. The retail environment is improving, and more and more shoppers are going shopping in conventional stores. More importantly, there is a kind of euphoric state when people who are tired of being cooped up can finally get back to their usual way of life.

David Simon refused to make any long-term predictions, saying such an upsurge may well be short-lived. In a year like this, it is impossible to predict what the situation will be. Moreover, he noted that this situation is not observed in all regions of the country. For example, stores in California and New York are still struggling because of declining tourist traffic.

Overall, however, the company is optimistic. It has even improved on earlier forecasts. Whereas previously operating earnings were expected to be between $9.50 and $9.75 per share, now it's said to be between $9.70 and $9.80 per share.

For fiscal 2020, which ended March 31, the company's U.S. mall occupancy rate was 90.8%, compared to 94% a year earlier. Total revenue, meanwhile, fell to $1.24 billion from $1.35 billion. Base minimum rent per square foot rose to $56.07 from $55.76 last year.

More about shopping malls in the USA



Jun 1, 2022, United Kingdom:
The concept store is part of the Livat Hammersmith shopping and entertainment center in London.
May 19, 2022, South Korea:
Hyundai Seoul got a central atrium with a 12-meter waterfall and natural lighting.
May 12, 2022, Malaysia:
The complex is home to more than 200 tenants selling authentic local goods.
Apr 29, 2022, Europe, Europe:
The store sells streetwear created in collaboration with designers such as Soho Grit, Alma de Ace, BAPE, Herschel, and Staple.
Apr 28, 2022, USA:
Nike and RTFKT have announced a new collection of Nike Dunk Genesis Cryptokicks sneakers.
Apr 27, 2022, USA:
Meta Store has the intention of demonstrating the possibilities of virtual reality devices, as well as dispelling the mystery around the concept of the math universe.
Friend
and Follow
Designer Outlet Malaga GLA:322 917 SF
ADDRESS: 29004, Málaga, Spain
Spain . Malaga
Designer Outlet Malaga
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw
Arkadia
Adigeo GLA:452 084 SF
ADDRESS: Verona city center
Italy . Verona
Adigeo
Designer Outlet Provence GLA:269 098 SF
ADDRESS: Mas de la Peronne, Miramas, France
France . Miramas
Designer Outlet Provence


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us