SPG - Mall Mania
2024-05-26 07:00:00 ET
Summary
- The ICSC conference in Las Vegas provided valuable information and enthusiasm about the retail industry.
- I’ve been saying for a decade and a half now that America built too many malls.
- Today, I will focus on the mall REIT sector, specifically Simon Property Group, Tanger Inc., and Macerich.
I was in Las Vegas earlier this week, and no, not for gambling. It was for the latest conference of International Council of Shopping Centers, now known as ICSC.
Though, yes, I did hit the roulette tables a few times. My regular readers know I always allow myself $500 to play around with – a hard stop I’m not allowed to cross.
Let’s just say I didn’t walk away with $10,000 this time like I have before. But the Las Vegas visit was still completely worth it.
The information I got at ICSC was phenomenal. And the enthusiasm about the larger retail world was contagious....
Mall Mania