News Formal

The US president of upscale mall operator Westfield reveals 9 strategies that have helped the company fend off the retail apocalypse

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Westfield owns some of the most valuable malls in the US.

Getty/J.M. Eddins Jr. for The Washington Post

One of Westfield's key strategies is to shift the focus from fashion and offer more entertainment and dining options as well as experiences. URW has a target rotation rate for its stores: 10% per year, per mall. This refers to the number of relettings, or renewals of leases, divided by the number of stores. This enables it to bring new concepts to the mall and keep the offering fresh.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks open higher as focus shifts back to China trade talksU.S. stocks started Tuesday's session higher, as U.S.-China trade negotiations are resuming. U.S. trade representative Robert Lighthizer and Treasury...
Source: MarketWatch - 🏆 3. / 97 Read more »