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Stock impact report

The Vibrant Afterlives Of Dearly Departed American Malls [Forbes]

Simon Property Group, Inc. (SPG) 
Last simon property group, inc. earnings: 2/4 07:30 am Check Earnings Report
US:NYSE Investor Relations: investors.simon.com
Company Research Source: Forbes
But much like those 1970s artifacts, the notion every other suburb needed a colossal shopping mall as its chief drawing card has gone the way of bell-bottoms and the corner Fotomat. Over the past two decades, more than 1,200 malls nationwide have closed their doors. Emergence of ecommerce and a growing preference for walkable open-air “lifestyle centers” have contributed to the realization malls need a complete rethink to regain their relevance. Many entities – from urban planners to design firms to consultancies – are at work blueprinting potential new takes on the once-beloved mall. “Retail is shifting from a transactional model to an experiential one, where thoughtful design fosters a blend of commerce, culture and community,” says Scott LaMont, CEO and principal of EDSA, a Fort Lauderdale, Fla.-based design firm specializing in planning, landscape architecture and urban design. “By reimagining commercial centers as dynamic, multi-purpose environments, we can create places that Show less Read more
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