Simon Property Group

New York -- Since 2009, retail sales at North America’s 205 outlet centers have increased from $19.9 billion to $27.6 billion, an increase of $7.7 billion, according to an International Council of Shopping Centers report.

Six publicly traded REITs with notable outlet center portfolios have benefited from outlet center success, according to SNL Financial. They are:

Johor, Malaysia — Genting Simon, a joint venture between Genting Group and Simon Property Group, has announced the opening of the second phase of Johor Premium Outlets in Johor, Malaysia.

The expansion has added 40 new stores and 100,000 sq. ft. to the center, bringing the store total to 120.

Seattle -- Zoomingo, the personalized shopping discovery app that helps shoppers find the best deals in their local stores and malls, announced an agreement with Simon Property Group, the largest mall operator in the U.S., to market the Zoomingo app for the upcoming 2013 holiday shopping season.

Ninth annual survey supports adding value through redevelopment

In its ninth year, the annual Top Redevelopers survey continues to demonstrate the value of redeveloping and repositioning shopping centers. As always, the goals include refreshing, remodeling, tweaking, and sometimes demolishing and rebuilding with an eye to providing tenants with space that supports their goals. 

Shoppers at J.C. Penney stores this holiday season will discover a more rewarding experience following the retailer’s decision to team up with leading retail app Shopkick.

J.C. Penney shoppers will be able to Shopkick’s currency known as "kicks” along with special offers from the retailer when visiting any of its nearly 1,100 stores

Indianapolis — Simon Property Group has announced the grand re-opening of the redeveloped The Shops at Nanuet, a 750,000-sq.-ft. open-air main street center in Rockland County, N.Y.

With the re-opening, three new anchors are making a debut: Fairway Market, open now, Regal Cinemas, opening in November, and 24-Hour Fitness, opening in December. They will join existing anchors Macy’s and Sears at the property.

Indianapolis — Simon Property Group has announced the addition of two executives and promotions within its Premium Outlets division.

New York -- While online retail sales continue to rise, regional malls continue to generate profits, according to an SNL Financial LC analysis.

The U.S. Census Bureau has estimated that retail e-commerce sales for the second quarter of 2013 grew by 4.9% over the prior quarter to $64.8 billion, an 18.4% gain over the preceding 12 months. Still, e-commerce accounts for less than 6% of retail sales, according to SNL (www.snl.com).