Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)
Issue link: https://sct.epubxp.com/i/122387
florida's mall at millenia, in orlando, and Bal HarBoUr sHops, oUtside miami, are two of tHe top U.s. malls By annUal sales per sqUare foot. in the rarefied world of luxury retail. "[Apple is] more than twice as efficient as the second place Tiffany and Co.," wrote Horace A. Dediu, a RetailSails analyst. "It's also more than seven times the median of the top 20 [retailers] and seventeen times better than the average mall retail space." When the housing bubble collapsed in 2008, sales in the home-furnishings category deflated too, but home furnishings continued an ongoing upsurge last year. Indeed, growth in this category amounted to another important driver of mall pro- ductivity, Morehouse says. "Home furnishings grew at an annual rate of 10.7 percent," he said. "That was its strongest growth since 2010 and its second-strongest annual growth since our report began." If the housing rebound continues, home-furnishings sales are likely to grow Actively Seeking Acquisitions of Shopping Centers 60,000 square feet or greater Celebrating 19 Years of Business Since 1994, we've grown our holdings to nearly four million square feet of retail property and now seek to expand across the Southeast. We create opportunities by developing lasting business relationships that promote growth and stability in the communities that we serve. 1020 Industry Road, Suite 40 Lexington, Kentucky 40505 859.335.9663 Offce email: info@bcwoodproperties.com bcwoodproperties.com Growth. Performance. Value. 168 SCT / m a y 2 0 1 3