With sales down at malls, owners are doing everything from hosting dog weddings to hosting concerts for teens to improve foot traffic. "It's essential for mall owners to continuously renew (and) reinvent themselves to maintain excitement and newness for customers," said one retail consultant.
Westfield's new retail center in Geelong, Australia, will help the city keep retail dollars in Geelong instead of losing them to Melbourne, said city officials. The center is also expected to generate local employment.
Davis Street Land Co. plans to break ground on El Paseo Village, the expansion of Gardens on El Paseo in Palm Desert, Calif., in September. The 69,500-square-foot expansion will feature restaurants and stores that appeal to younger customers.