Simon Property Group posted record numbers in the fourth quarter, even as mall landlords nationwide faced challenges including retail chain bankruptcies and the growing shift to e-commerce. In a Friday earnings call, the retail giant’s CEO, David Simon, said he is “excited” about the evolution of the mall industry, despite all its challenges. “There’s always been disruption in our industry,” Simon added. Mall owners have started to redevelop former big boxes into residential developments, sprawling […]
source https://therealdeal.com/chicago/2019/02/01/simon-posts-record-q4-ceo-excited-about-evolution-of-mall-industry/#new_tab
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