Find in the news:
BY COUNTRY

Retailers Are Flocking To Las Vegas



Retail is booming in Sin City, and that’s a trend you can safely bet on continuing.
It’s often said that ‘what happens in Vegas stays in Vegas.’ While that may be true, it certainly seems like visitors must be taking a whole bunch of goodies home with them.

As the Seattle Times shares, retail, and nongaming attractions brought in a staggering $11.2 billion in revenue last year. While that number includes shows, hotels, restaurants, and bars, it’s still double the $5.2 billion that table games and slot machines brought in. Retail is a hot commodity in Vegas, and one needs to only take a walk up and down the venerable strip in the heart of the city for confirmation.

Forum Shops at Caesar’s Palace

Treasure Island Hotel & Casino has devoted the front portion of its property to retail, while Bally’s has converted a former garden into an outdoor mall. As Brent Pirosch, director of gaming consulting for CBRE Inc. explains, tourists are doing a lot more than browsing.   

“Retail operations provide greater options for visitor spending and are a natural evolution for a destination like Las Vegas,” he said. “While gaming has been fairly flat for years, nongaming attractions jack up revenue and profits, and changing them is a cost-effective way to refresh a property.”

Deutsche Bank gaming analyst Andrew Zarnett explains that there’s something about Vegas that still sets it apart from other gaming destinations across the nation. 

“There are so many more rooms in Las Vegas, and the average visit to Las Vegas is so much longer,” Zarnett said. “Given Atlantic City is primarily a day-tripper market, its ability to emulate on the retail front with Las Vegas is extremely difficult.”

For Michael Hirschfeld, co-leader of JLL’s National Retail Tenant Services, this is part of the overall evolution of Vegas. While gaming and fun will always be at the heart of it, visitors are looking for other ways to spend their dollars as well. Enter retail, and it’s becoming a popular market for retailers of all shapes and sizes as a result.  

“Vegas is evolving, and retail is evolving,” he said. “The brands now want to be here because the people are here, and based on the stats, they’re here shopping.”

That’s a pretty telling assessment of the state of the retail game in Vegas, and there are no signs that this red-hot market will be slowing down anytime soon. 

Related shopping malls and stores:

More about shopping malls in the USA



YESTERDAY, USA:
It will be the most significant expansion in Sephora's history, demonstrating its confidence in the retailer's future.
YESTERDAY, USA:
Shortly, 17 Apple mini-stores will open in hypermarkets across the country. The company intends to start opening such outlets in the fall.
DAY BEFORE YESTERDAY, India:
The vast mall's construction will cost $760 million, and the project is expected to be completed in seven years.
DAY BEFORE YESTERDAY, United Kingdom:
The brand plans to close 95 stores nationwide while paying reduced rent for the remainder of the term.
Feb 24, 2021, USA:
Old Spice Barber Shop will also serve as a brand store, digital content studio, and experience lab for new product developments.
Feb 24, 2021, USA:
The company managed to retain its place as the largest retailer in the U.S., with Amazon in second place.
Friend
and Follow
Queens Place GLA:440 000 SF
ADDRESS: 88-01 Queens Boulevard Elmhurst, NY 11373
USA . New York
Queens Place
Adigeo GLA:452 084 SF
ADDRESS: Verona city center
Italy . Verona
Adigeo
Olympia Einkaufszentrum GLA:602 779 SF
ADDRESS: Hanauer Straße 68, 80993
Germany . Munich
Olympia Einkaufszentrum
AEON MALL Okinawa Rycom GLA:839 585 SF
ADDRESS: 901-2300 Tochi-kukaku seirichinai Awase, Kitanakagusuku Village, Nakagami District, Okinawa
Japan . Ginowan
AEON MALL Okinawa Rycom


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