Wednesday, January 15, 2020

Strip Centers Shine as Some Shoppers Sour on Malls

The Wall Street Journal
While many stock-market investors have soured on the mall experience, some are still flocking to a more mundane type of retail: strip centers and grocery-store-anchored shopping centers.

The centers, which predate the American mall, offer routine necessities such as groceries for dinner, a gym workout or a visit to the dentist, in contrast to special purchases typically made at indoor malls, like a toy or a new dress.

Whereas mall owners hope to entice customers to spend an hour or more browsing the property, strip-center landlords say they simply want to offer stores and services that bring back local shoppers more than once a week.. . . more

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