Macerich has sold 95% of its interest in the Paradise Valley Mall in Phoenix and will retain 5% to work on its town center redevelopment with PV RE Devco in a partnership called RED Development.
Gone are the days when retailers could rely solely on cookie-cutter store designs and conventional business operations to expand their store portfolios.
Chain Store Age spoke with Manish Sharma, group CEO, operations of Accenture, about how retailers can satisfy customers and drive growth in an era of continuing uncertainty.
The leaders of retail and consumer companies are feeling positive about business prospects during the next three years, but are worried about supply chain challenges.