Blog: Leonie BarrieToo many malls, too few tenants

Leonie Barrie | 18 July 2008

Retailers aren’t the only ones to be hit by the slow economy hurting their sales: as many cancel expansion plans and even shut stores, mall developers have been left struggling to find tenants to fill their schemes.

As this article in the Wall Street Journal notes, one of the decade’s hottest trends – open-air shopping venues – has gone cold.

And it couldn’t have come at a worse time. Last year 37 centres totalling some 12m square feet were built, or roughly 40% of the total lifestyle-centre square footage added this decade. Double the 2007 total is now under construction, and three times as much is in the planning stages.


Ethiopia unrest a sourcing risk?

Fashion retailer H&M and UK based glove and leather manufacturer Pittards both say they are monitoring the situation in Ethiopia closely after the country's government declared a state of emergency af...


Asia facing up to increased competition

Increasing competition for garment sourcing contracts is seeing China not only being challenged by other countries in Asia, but by sub-Saharan African and even Russian suppliers too. And it is pushing...


Cambodia raises garment worker wages

The monthly minimum wage for workers in Cambodia's textile, garment and footwear sector is set to rise to $153 from January next year, following a vote on the issue last week. The increase marks a ris...


Sportswear initiatives start to take shape

The results of two highly-anticipated initiatives in the sportswear sphere were revealed last week: the launch of Under Armour’s new UAS lifestyle brand and the first pair of running shoes created at ...

just-style homepage

Forgot your password?