Jul
13

Malls Report Bright Spots amid Recession

By
– The State

Despite a bleak retail picture, some area malls are landing new stores and have others expanding.

“When we go into recession, it’s always tough on retail,” said Charles Gwinn, general manager of Columbia Place Mall on Two Notch Road. “Then, you have the opportunity for innovation.”

Columbia Place lost two anchors six months ago, Dillard’s and Steve & Barry’s. But Gwinn can rattle off nine smaller retailers that are moving into the mall or expanding. Its occupancy rate is 82 percent, not including anchor spaces, he said.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.thestate.com/747/story/859045.html
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