LAS VEGAS — Cautious over the economy’s stutter-step improvement, developers and retailers are tiptoeing into expansion mode, eager to avoid the recent mistakes of too much square footage and an over-dependence on the illusion of unending growth in consumer spending.
Rediscovered in the wake of the recession, discipline is the industry’s new overriding theme, with a focus on identifying the right retail real estate to put in the right sized stores. Both shopping center and retail companies are carefully evaluating their portfolios to home in on the most profitable assets — and replicate their successful formulas.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"