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Thursday, Aug 16
2012, 11:48 AM
Shopping malls start to reinvent themselves as foot traffic continues to be sluggish with online...
Shopping malls start to reinvent themselves as foot traffic continues to be sluggish with online shopping sapping the enthusiasm of consumers to make the drive out to malls. Operators such as General Growth Properties (GGP -0.5%) and Taubman Centers (TCO -0.3%) want sit-down restaurants to set up around the perimeter of malls - instead of staying embedded deep inside by a food court - to step up activity. If a trend takes hold, investments by restaurants players such as Darden Restaurants (DRI +0.2%) and Cheesecake Factory (CAKE +0.3%) could help turn the tide.