Tag: Simon Property Group

Retail Types, Stores

New stores are opening in malls, inflation or no

August 4, 2022

Via: RetailWire

Some say a recession is on the way; others say it is already here, but according to the biggest owner of U.S. shopping malls, the threat of an economic downturn is not deterring retailers from opening new mall locations. Simon […]

Customer Experience, Loyalty Programs

Are mall shoppers hungry for in-stock data?

June 27, 2022

Via: RetailWire

Mall operator Simon Property Group is testing a search tool that lets shoppers see what’s in stock in stores inside the mall. The platform, called Simon Search, is being tested at 29 Simon-owned retail centers across the U.S. with a […]

E-commerce, Retail Types

Amazon’s Move Into the Malls

December 16, 2020

Via: Retail TouchPoints

With the ongoing retail apocalypse, we all knew this day was coming and it has happened much earlier than expected due to the pandemic. As more retail chains file for bankruptcy and close more stores amidst the ongoing pandemic, Amazon […]

Retail Types, Stores

Is JCPenney Really Saved From Extinction?

November 2, 2020

Via: Forbes

Good news JCPenney JCP -11.9% finally has signed an asset purchase agreement with Simon Property Group SPG +0.6% and Brookfield Asset Management. The company also signed agreements with a majority of the company’s DIP (Debtor-in-Possession) lenders and First Lien Lenders. […]

Retail Types, Stores

Will J.C. Penney be renewed under new ownership?

October 29, 2020

Via: RetailWire

J.C. Penney has entered into a purchase agreement with Brookfield Property Partners and Simon Property Group and a group of first lien lenders to acquire the company’s assets. The department store retailer said it expects the deal to be finalized […]

Retail Types, Stores

J.C. Penney rescued. Will it now find success and save the mall, too?

September 10, 2020

Via: RetailWire

J.C. Penney announced yesterday that it has reached an agreement in principle with two of its landlords on a near eleventh-hour deal that will help the company avoid liquidating its business, saving about 70,000 jobs in the process. Simon Property […]

Retail Types, Stores

Does J.C. Penney still have a future?

September 1, 2020

Via: RetailWire

An attorney representing the bankrupt department store chain, Joshua Sussberg of Kirkland & Ellis LLP, said that negotiations between the retailer and Authentic Brands Group, Simon Property Group and Brookfield Property Partners hit a wall this weekend. That means Penney […]

Retail Types, Stores

Who will come to J.C. Penney’s rescue?

June 17, 2020

Via: RetailWire

J.C. Penney is facing a deadline that it may not be able to meet. The department store operator, which filed for bankruptcy in May, is at risk of running out of cash by July 15 if something dramatic doesn’t happen […]

Retail Types, Stores

Forever 21 reaches $81 million deal to sell its retail business to US mall owners and Authentic Brands

February 3, 2020


Forever 21 has reached an $81 million deal to sell its retail business to a group that includes Simon Property Group, Brookfield Property Partners and Authentic Brands. Forever 21 said in a bankruptcy court filing it is seeking approval to […]

Retail Types, Stores

Mall owners take a pay cut amid brick-and-mortar struggles

August 1, 2017

Via: Retail Dive

Real estate bigwigs are taking a pay cut as retail properties empty out — a correction to the over-built retail environment and a result of the shift to e-commerce, The Wall Street Journal reports. Simon Property Group, GGP and Macerich executives are taking cuts […]

Retail Types, Stores

Aeropostale to keep 400 stores

September 19, 2016

Via: FierceRetail

Aeropostale has been rescued from liquidation by a consortium of vendors, liquidators and mall operators that now say a higher number of stores than expected will remain open. In addition to the 229 stores originally identified, another 171 locations will […]