Category: Mall

Orange County deputy shoots armed man at Florida Mall, sheriff says

by Jaimee Heimer on August 12, 2020 in Mall

ORANGE COUNTY, Fla. – A man who was shot by an Orange County deputy outside a mall on Friday died as a result of his injuries on Saturday, according to the Orange County Sheriff’s Office.

The man has been identified as 22-year-old Salaythis Melvin, deputies said.

According to the Florida Department of Corrections, Melvin served time for several offenses in the past, including Battery on a Law Enforcement Officer and resisting an officer with violence.

An Orange County deputy opened fire Friday on Melvin, who was armed with a stolen Glock handgun outside the Florida Mall, according to Sheriff John

Stores closing: Retailers to shutter thousands of locations because of coronavirus

by Jaimee Heimer on August 11, 2020 in Mall

June is just a microcosm of broader closures affecting the retail industry. Coresight Research said as many as 25,000 retail stores in the United States are expected to permanently close this year as consumer demand for discretionary items stalls and more people shift to online shopping.

The firm anticipates closures will only get worse this year and set a new annual record this year. Last year, Corelight recorded a record 9,302 closures.

Chuck E. Cheese

The party’s over for Chuck at about 45 locations. Its parent company, CEC Entertainment, filed for bankruptcy, resulting in the closures at some of

Simon Property Group (SPG) reports Q2 2020 earnings fell

by Jaimee Heimer on August 11, 2020 in Mall

Simon Property Group CEO David Simon

Anjali Sundaram | CNBC

Simon Property Group Chief Executive David Simon said Monday that the company is still looking to salvage additional distressed retailers, having already made bids for bankrupted Lucky Brand, Brooks Brothers and J.C. Penney.

“We’re acquiring inventory at or below cost,” Simon said, explaining the company’s acquisition strategy during a conference call with analysts. “There’s profit in there.”

“We continue to look for other opportunities,” he said. “We are doing our fair share for trying to keep this world as normal as we can.”

As an example, the CEO noted that

Could a center come to your Simon mall?

by Jaimee Heimer on August 11, 2020 in Mall

Consumers are scared to go out and retailers are floundering. Is there a future for the traditional indoor shopping mall?

Wochit

Is an Amazon distribution center coming to your local Simon Property Group mall?

Seattle-based Amazon is reportedly in talks with the nation’s largest mall operator to convert empty department stores including Sears and J.C. Penney anchor spaces into distribution centers.

The Wall Street Journal was first to report on the possible talks, citing people familiar with the matter. The Journal reported Simon’s discussions with Amazon began before the coronavirus pandemic led to temporary store closures.

Sears and J.C.

Top U.S. mall operator Simon faces pandemic pain

by Jaimee Heimer on August 11, 2020 in Mall

(Reuters) – Surging COVID-19 infections in big states like California, Texas and Florida are scaring shoppers away from newly reopened malls, dealing a blow to an industry that was on the ropes even before the pandemic began.

FILE PHOTO: Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail shopping space, in King of Prussia, Pennsylvania, U.S., December 8, 2018. REUTERS/Mark Makela

Simon Property Group (SPG.N), the No. 1 U.S. mall owner, is expected to post its smallest quarterly profit in nearly six years on Monday, as the