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February 13, 2013

  Top Story 

Taubman's City Creek Center Wows Kids with Soft Play Park Salt Lake City shoppers were thrilled when the luxurious center opened, but children also flock to the mall's custom-themed soft playground. "We certainly hope moms and dads are going to look forward to relaxing here a little bit and really enjoying their time with us," says Linda Wardell, General Manager. (More)
  Industry Tracker 
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  Retail News 
  • Apple to relocate 20 stores to bigger spaces
    Apple will close 20 of its retail stores and reopen them in new, larger locations, and will also open about 30 new stores, most of them outside the U.S., said CEO Tim Cook. "I’m not even sure 'store' is the right word anymore – they’re much broader than that. They are the face of Apple for almost all customers." TechCrunch (2/12) Email this Story
  • Luxury brands see growing U.S. demand
    Wealthy Americans are spending on luxury again, and Chinese tourism is on the rise, driving brands including Hermes, L'Oreal and Burberry to make plans to invest in U.S. markets, executives say. "The stronger economy and loosening of visa restrictions for the Chinese mean that business this year will benefit from both affluent locals and tourism," said consultant Milton Pedraza. The Wall Street Journal (2/13) Email this Story
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  Business Best Practices 
  • True professionals avoid these phrases
    Phrases like "don't you think," "but" and "truthfully" dilute your message, so cut them out of your vocabulary, writes Deborah Jacobs, CEO of Highland Consulting Group writes. "[S]ay what you mean directly. It will improve your credibility and authenticity," she writes. Forbes (2/11) Email this Story
How Risk Aversion Motivates Executives
Using this particular incentive to motivate leaders promotes caution—and encourages underperformance, according to research from Kellogg School of Management Professor David Matsa. Read More
  News from ICSC 
  • Matchmaking portal is the perfect blend for franchise companies
    The IFA and the International Council of Shopping Centers have created an online matchmaking portal designed to streamline franchise companies seeking real estate and landlords and brokers looking for retailers to fill open space. The ICSC/IFA Matchmaking Database contains available retail properties by location, size, ownership/management and demographic information. ICSC and IFA members can post all their available properties and space needs for free by using the "Add/Update Space Requirements" or "Add/Update Your Available Space" buttons available at the site. Go online for more details. Email this Story
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Every individual has a place to fill in the world and is important in some respect whether he chooses to be so or not."
--Nathaniel Hawthorne,
American author

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