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Malls simply evolving, not dying



The CEO of General Growth Properties, Sandeep Mathrani is a retail veteran. He has seen the rise and fall and again the rise of many malls and stores, including Riverchase Galleria.
The sales and occupancy of the mall dropped to an all-time low when the recession hit, but that did not stop GGP from investing millions of dollars in remodeling the largest indoor mall in the state.

The sales have once again reached pre-recession figures and the occupancy is at 96%. However, Mathrani still finds that he has to try and convince alarmists that the retail arena is thriving.

He said that the death of the shopping mall has been discussed for ages. When it was up against the Home Shopping Network and the catalogue, it was classified as dead. When it came up against the power centres with specialty retail, the same was said. However, the mall has remained.

Aside from the dollar investment by GGP, they also thought about aesthetics.

Sandeep Mathrani stated that the internet will continue to be a challenge to the brick building, but it is not being viewed as the chief competitor. He expects the two to merge as they evolve further. 

YESTERDAY, USA:
Gap Inc. has canceled its orders for the next summer and autumn seasons, which are in a complicated situation.
DAY BEFORE YESTERDAY, USA:
Apple is preparing to establish a weekly production of approximately 1 million face shields for medical personnel.
Apr 7, 2020, China:
One of the largest companies in the Asian real estate market, CapitaLand Retail opens all its shopping centers in China.
Apr 7, 2020, Sweden:
Swedish fashion retailer H&M, the second-largest player in the world market, has announced plans to buy back all products from suppliers.
Apr 3, 2020, Russia:
IKEA introduced a gallery of backgrounds for video calls that are becoming increasingly popular when working from home.
Apr 3, 2020, Germany:
Faced with an extremely adverse reaction, Adidas apologized and said it would still pay rent for April.
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Aviapark GLA:2 475 699 SF
ADDRESS: ul. Aviakonstruktora Mikoyana, 10
Russia . Moscow region
Aviapark
Liberty Center GLA:828 821 SF
USA . Cincinnati
Liberty Center
FAN Mallorca Shopping GLA:592 015 SF
ADDRESS: C/ Cardenal Rossel, S/N. 07007 Palma de Mallorca
Spain . Palma
FAN Mallorca Shopping
Cabot Circus GLA:990 280 SF
ADDRESS: Glass House, Bristol BS1 3BX
United Kingdom . Bristol
Cabot Circus


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