Retailers might be sweating the recovery, but mall operators arefeeling pretty good, particularly when it comes to their luxe venueswhere shoppers are out and spending.
Simon Property Group Inc. —the nation’s largest mall operator with 201 regional malls and premiumoutlet centers — said last week that sales per square foot, occupancyand average rents were all on the rise. The smaller Taubman Centers Inc.had a similar take recently.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)