Find in the news:
BY COUNTRY

Mall CEOs: Enough With The Doom And Gloom Already!



CEOs of leading shopping mall companies are proudly touting the good news surrounding the sector.
Westfield Mall

Stop us if you’ve heard these before. Brick and mortar retail is over. By extension, shopping malls are doomed. Beyond being incredibly played out narratives, they’re not steeped in reality. As CNBC shares, CEOs of leading shopping mall companies are as sick and tired of hearing about it as the rest of us, and they’re proudly touting the good news surrounding the sector. 

First up, Simon CEO David Simon had some things to get off of his chest during a recent conference call. 

"I think the retail community has been overly negative about the mall product," he said. "I don't know why they do it, but we're just going to get up off the mat [and] keep doing what we do. ... This isn't sugar coating. There is a limit to attracting eyeballs online that [e-retailers] can't get in the physical world."

Next up, Kimco CEO Conor Flynn hit similar notes during a recent earnings call. 

"I think it is fair to say that the debate surrounding the death of physical retail is over," Flynn said. "The Amazon-Whole Foods transaction, Alibaba's growing grocery concept in China, Wal-Mart's click-and-collect ... program integrated with Jet.com, and Target's flex format Express, all point to a vibrant, albeit different-looking retail real estate world."

Those are all fantastic points - but Flynn wasn’t quite done pointing out that the overall narrative is out of whack. 

"Physical retail has a large role to play in this effort to bring the best shopping experience for the customer, especially as retailers continue to explore different ways to overcome the last-mile challenge," Flynn continued. "Let's not forget that notwithstanding the changes and challenges that confront retail, off-price, grocery, home improvement, fitness, beauty and other service retailers continue to thrive in this environment." 

Finally, Macerich CEO Arthur Coppola called out the negative news for what it is. 

"There's been a daily, if not sometimes hourly, a barrage of headlines predicting the death of great retail locations," he said. "I share the pain with many of you when you look at those headlines, especially when you have the conviction that they are not accurate. ... I have absolutely no empathy for the shorts ... that are motivated, for their own reasons, to help create this fake news."

Those are some incredibly powerful assessments. While it may be easy to dismiss these calls as the talking points of those with a vested interest in things, there’s more to see here. There’s no denying that there have been some challenges in the retail sector, but that points to the pains of evolution more than anything else. Those same growing pains have been felt by the shopping mall industry, but scores of owners have adapted - and they’re thriving as a result. Warren Buffett, also known as the Oracle of Omaha, has always preached the importance of being greedy when others are fearful, and fearful when others are greedy. We can easily use that little tip for the shopping mall industry these days.    

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
Asheville Outlets GLA:325 000 SF
ADDRESS: 800 Brevard Road, Asheville, NC 28806
USA . Asheville
Asheville Outlets
Mall of Tripla GLA:914 932 SF
ADDRESS: Veturitie 13
Finland . Helsinki
Mall of Tripla
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets
Adigeo GLA:452 084 SF
ADDRESS: Verona city center
Italy . Verona
Adigeo


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