Retailers and shopping-center owners are gathering in Las Vegas this week prepared to send a message: The American mall is doing better than many people think.
Grand Appliance and TV, a family-owned chain with 20 stores in Illinois, Wisconsin and Iowa, is set to open its first Indiana store in July, with hopes of filling part of the void left by the closure of HHGregg.
Founded in 2015, the New York-based chain featuring bowls of greens, grains and bone broths is in the midst of a major expansion calling for hundreds of locations.
The Shoppes at Whitestown would be located on 33 acres within the Anson development with room for about 20 retailers and seven outlots. It could open by fall 2018.
Sports Direct International pl, which now holds a 7.9 percent stake worth $47 million in Indianapolis-based Finish Line, isn't commenting on its intentions.
San Francisco-based retailer Gymboree Corp. operates more than a dozen stores in Indiana, including four at some of the Indianapolis-area's top shopping centers.
Year-to-date store closings are already outpacing those of 2008, when the last U.S. recession was raging, according to Credit Suisse Group. About 2,880 closings have been announced so far this year, compared with 1,153 for this period of 2016.
In a move to bring shoppers back to its stores, Target Corp. is embarking on an ambitious redesign aimed at helping people who need to dash in for milk to get out quickly while encouraging those who want to wander the aisles to linger.
A Wall Street analyst said turnover among retailers actually creates opportunity for Simon Property Group—enabling it to replace underperforming department stores with an eclectic mix of restaurants, movie theaters and other entertainment venues that pay higher rent and boost customer traffic.
