Simon Property Group Inc (NYSE:SPG) recognizes the changing pattern of shoppers in the country. The enterprise identifies the upcoming challenges and at the same time they are also looking for ways to serve the audience with something new and satisfying.
The U.S is witnessing two patterns of development, one where the number of malls is increasing and the other where big malls are shutting down because of dilapidated infrastructure and because of decrepitude services. The malls need to understand the customer requirement and evolve accordingly. Simon Property Group Inc (NYSE:SPG)’s new move of bidding for top mall enterprises is move in the direction of serving the shoppers in the U.S, with the best of experience.
According to a report recently published, Simon Property Group Inc (NYSE:SPG) is ready to spew a $91 share in cash for acquiring the Macerich. Experts from the field are more than hypothetical about the deal to conclude; they see the deal as an icebreaker in the field of mall culture.
Reports from the Macerich are rather cold; sources suggest that the enterprise is going to seek some time to look into the proposal. The final decision about the 59 malls across the U.S is going to be made by the Macerich.
Macerich on the other side is busy speculating the reasons of the downfall of the malls in the country. Reports and studies show that the rise of e-commerce and the inflation in the base rates of rent are reasons why these malls are collapsing. Macerich aims to work on the shortcomings rather than selling all of its 59 stores to the Simon Property Group Inc (NYSE:SPG) in the coming future.
The road for Simon Property Group Inc (NYSE:SPG) is full of obstacles, either it will have to look somewhere else for acquisition or will have to drop the plan for a few decades.