Owners Split On Whether to Shorten Hours at Regional Malls (3/3)

Published Tuesday, March 03, 2009

One of the cardinal rules of shopping centers is that the longer you manage to keep a consumer on a property, the more they end up spending. So it just goes to illustrate how bleak things have become that some regional mall owners are voluntarily trimming operating hours in response to the deepening recession and dim prospects for the sector. However, not every company is choosing this route, raising questions as to whether the quest to cut costs could end up alienating mall shoppers. This month, Westfield Group cut the hours at many of its 55 U.S. centers ...

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