Macerich shopping malls and Macerich’s Jesse Franklin (Credit: Macerich and CREtech) As e-commerce continues to kill brick-and-mortar stores, some landlords appear to be embracing the new reality for retail. “The retail apocalypse is a good thing,” said Jesse Franklin, the vice president of investment and innovation at retail giant Macerich, during a panel Monday at […]
Macerich’s tough Q1 comes amid amid store closures, redevelopment plans
Macerich executives Tom O’Hern and Scott Kingsmore and a rendering of co-working space at One Westside Macerich continues to feel the bite of the retail rattlesnake as the mall landlord posted declines in first quarter revenue and funds from operation compared to the same time last year. It has been dealing with store closures — […]