Instant Alert: America's most successful malls are worth billions and defying the retail meltdown with luxury stores and special events — take a look inside

Posted On // Leave a Comment

Your Message Subject or Title

  MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE
 
 
 
 
 

America's most successful malls are worth billions and defying the retail meltdown with luxury stores and special events — take a look inside

by Jessica Tyler on Feb 26, 2018, 11:40 AM

Advertisement

  • Even though many shopping malls are currently suffering, some are doing surprisingly well.
  • The most valuable malls in America are worth well over $2 billion each, according to a CNBC report on data from Boenning & Scattergood.
  • The most successful malls often include features like pop-up shops, luxury outlets, and experiential stores.


Despite the retail apocalypse claiming stores across the country, some of the most successful malls in the US are bringing in more than $1,000 per square foot in sales.

According to research by the boutique firm Boenning & Scattergood, which was reported by CNBC, the 20 most valuable malls in America bring in around $21 billion in retail sales each year. These malls, owned by the likes of Simon Property Group and Westfield, have few vacancies. In addition to traditional stores, many of the most valuable malls include food halls with local eateries, pop-up shops, and grocers, plus experiences like movie screenings or concerts.

See inside the most valuable malls in America:

SEE ALSO: Take a look inside the most valuable mall in America, a massive $6 billion shopping center in Hawaii

10. Roosevelt Field Mall: Located in Garden City, New York, this mall has over 250 stores, including an entire luxury wing, a food court that includes vegetarian and kosher options, and a mini golf course in the basement. It's valued at $2.41 billion.



This is what the luxury wing looks like.



9. Westfield Garden State Plaza: The Westfield Garden State Plaza in Paramus, New Jersey, is worth $2.71 billion. It has more than 300 shops, including a luxury wing with stores like Louis Vuitton, Gucci, Tiffany & Co., and Burberry.



See the rest of the story at Business Insider


 
Share the latest business news with your network:

Facebook Share Twitter Share Email Share
  

Email sent to: nguyenvu1187.love5@blogger.com   |   Manage your email preferences   |   Unsubscribe

Terms of Service   |   Privacy Policy

Business Insider. 150 Fifth Avenue, New York, NY 10011
Sailthru

0 comments:

Post a Comment