How American malls survived the slow death of department stores [CNBC]
Macerich Company (The) (MAC)
Last macerich company (the) earnings: 2/6 07:00 am
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Source: CNBC
Department stores are struggling to compete against new online direct-to-consumer competitors and smaller brick-and-mortar retailers that have been able to keep up with the ever-changing demand of consumers. That struggle has forced store closures at familiar retailer names like JCPenney, Sears and Macy's , the latter of which recently announced it would close up to 150 stores “The ones that are closing are underperforming or have lost their own way with the customer,” said Michael Guerin, EVP of leasing at Macerich. “The brand is not working for one reason or another. So it's hardly impactful to us when you have an obsolete situation or a brand close.“ Top-tier malls, known as Class A malls, are pivoting toward an experiential model, replacing department stores with grocery stores , casinos, gyms, ice skating rinks and, in some cases, even residential apartments. The shift in strategy has been working. Mall traffic has bounced back to near pre-pandemic occupancy levels, with c
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News
- Macerich Declares the Quarterly Dividend on Its Common SharesGlobeNewswire
- Macerich Celebrates Earth Month With ‘You Pledge We Plant' Campaign, Industry Recognition [Yahoo! Finance]Yahoo! Finance
- Macerich Celebrates Earth Month With ‘You Pledge We Plant’ Campaign, Industry RecognitionGlobeNewswire
- Washington Square mall marks its 50th anniversary fully leased, adding 5 new stores [Yahoo! Finance]Yahoo! Finance
- The Macerich Company (NYSE: MAC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
MAC
Earnings
- 2/7/24 - Beat
MAC
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- MAC's page on the SEC website