Malls that are thriving are spending millions reinventing themselves as integrated lifestyle hubs — adding yoga studios, medical clinics and microbreweries — populated with more upscale shops. But such targeted investments are often coming at the expense of mall operators’ lower-tier properties — and analysts say the divide between rich malls and poor malls is widening.
“There is an accelerating polarization between the ‘best’ and the ‘rest,' ” said Neil Saunders, managing director of research firm GlobalData Retail. “Newer, nicer malls have become magnets for consumers, pulling them away from struggling properties.". . . . more