E Thomas St.

America's biggest mall owner thinks it may be a somewhat more jolly holiday season for retailers than they think. David Simon of Simon Property Group (SPG) says some retailers have been too conservative about inventory after the previous year's heavy markdowns.

I'll go a step further...He wants retailers to believe that they'll have a better season so he can lock them into leases and build comps off that before some of his lessees go tits up and provide more space.