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Shopping-Center Owners Say Stores to Live On Despite Retail Woes

  • ‘Retail has always been about evolution,’ Taubman says
  • Kimco adding grocery stores as anchors to drive traffic

According to U.S. mall landlords, the rumors of the death of bricks-and-mortar retail are greatly exaggerated.

“There is no question there is a lot of change,” Taubman Centers Inc. Chief Operating Officer Bill Taubman said in an interview at the International Council of Shopping Centers annual convention, which is being held in Las Vegas this week. “But retail has always been about evolution. Someone is always bemoaning the change in the market and how it’s impacting things.”