Shopping Centers Today December 2014
Westfield World Trade Center prepares to reclaim its place as one of the world’s most profitable centers.— SCT December 2014
The Common Area
One way JCPenney is trying to differentiate itself and squeeze more dollars from its existing customers is to upgrade and rebrand the chain’s 900 in-house beauty salons.
Josh Winston, a 14-year veteran of the travel industry, aims to make Washington, D.C.'s National Harbor an international draw.
More and more shoppers are using their smartphones not just to find promotions, research merchandise, comparison shop and place orders, but also to make actual payments on their purchases. Thus, retailers are adjusting their own systems accordingly. Apple, for one, created a buzz when it launched Apple Pay in late October.— SCT December 2014
The Bottom Line
The mean cap rate for U.S. retail property transactions was 8 percent during the second quarter.— SCT December 2014