J.C. Penney hopes to entice customers to visit more often by upgrading the 900 beauty salons within its stores. It’s also expanding an in-store partnership with cosmetics chain Sephora.
Share of mall shoppers who are female: 66%.
After years of sales declines, Sears is subletting space in some of its big mall stores. U.K. clothing retailer Primark will lease 520,000 square feet of excess Sears space in malls in the Northeast.
At King of Prussia Mall near Philadelphia, one of the largest U.S. malls, Sears will divvy space between Primark and Dick’s Sporting Goods. It will no longer operate a retail store there.
Data: Accenture, Barclays Capital, Bloomberg Intelligence, Costar Group, Green Street Advisors, IBISWorld, International Council of Shopping Centers, International Health, Racquet & Sportsclub Association, Nielsen, ShopperTrak, Reis, Sourcing Journal, company reports