By  on February 9, 2018

Robert Taubman is relieved that the retail industry seems to be stabilizing after more than a year of bankruptcies and store closures, but the mall executive said the industry is not “out of the woods” just yet.

The president, chairman and chief executive officer of Taubman Centers Inc. said during a call with analysts discussing full-year financial results that he’s seen “encouraging” improvement over the last six to nine months, coinciding with the company’s occupancy for 2017 rising 1 percent to 94.8 percent. But he didn’t get too specific about how 2018 will shake out.

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