'I guess I'm just too negative on the thing I'm most negative about ... the future of the mall,' CNBC's Jim Cramer said Monday.
Those two moves — while still not final — along with Simon's acquisition of Taubman run counter to the belief that shopping malls inevitably face continued decline in a period of shifting consumer preference, Cramer explained.
Consumers have increasingly favored buying products online or at strip malls where it is easier to quickly enter, shop and then leave. But some high-end mall operators have found ways to fend of the decline, offering luxury tenants and other amenities to lure in shoppers. "Over the past 10 years ... we have seen the heightened value and improvement of the best centers, and a substantial deterioration of everything else," Taubman COO Bill TaubmanTaubman owns, manages or leases 26 super-regional shopping centers in the U.S. and Asia, including The Mall at Short Hills in New Jersey and the Beverly Center in Los Angeles. The company will continued to be managed by Robert Taubman, its chairman and CEO.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Cramer bets on his birthday that Apple's next decade could be as successful as its past 10 yearsApple is currently the most valuable U.S. company at a $1.4 trillion market cap after a huge stock gain of more than 1,000% over the past decade
Les mer »
I'm a Personal Trainer and I Never Tell My Clients to Go On a DietAs someone who is fiercely dedicated to empowering women, diet culture is not something bigfitgirl can stand by.
Les mer »
Thai soldier who killed 20 shot dead in shopping mall siegeThai security forces on Sunday shot and killed a rogue soldier who went on a ram...
Les mer »
Thai gunman who killed 21 in rampage shot dead in mallThai officials say a soldier who went on a shooting rampage and killed at least 21 people and injured 42 others has been shot dead inside a mall in northeastern Thailand
Les mer »