July 29, 2021
Shopping Center SmartBrief
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Lingerie brands like Journelle and Parade are finding success attracting Generation Z customers by using faces of the young demographic in ads and social media marketing. The strategy can also be cost-effective and the brands have made efforts to create inclusive campaigns, but there can be pitfalls as well when marketing to an age group susceptible to body image issues.
Full Story: Glossy (tiered subscription model) (7/28) 
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Industry Tracker
Mishorim Gold Properties purchased Horizon Park shopping plaza for $22 million and announced Ross Dress for Less will take over a space formerly occupied by Youfit and Save-A-Lot. Mishorim Gold plans to upgrade the shopping center's exterior and improve the landscaping, a spokesperson said.
Full Story: Tampa Bay Times (St. Petersburg, Fla.) (tiered subscription model) (7/27) 
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A group of Washington Prime shareholders are requesting that key deadlines in the REIT's Chapter 11 exit plan be extended by more than a month so advisers have more time to evaluate the proposal. Washington Prime Group plans to sell itself to SVPGlobal in exchange for debt forgiveness, but the shareholders want potential court approval of the deal no earlier than Sept. 23.
Full Story: Bloomberg (7/27) 
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A plan for a $254 million development in Kansas City, Mo., is advancing after JE Dunn Construction bought the final parcel for the project. The development has 506 apartments and 85,000 square feet of space for retail and offices, as well as parking.
Full Story: The Business Journals (tiered subscription model)/Kansas City, Mo. (7/23) 
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Retail News
Bloomingdale's first small-format Bloomie's store, set to open late next month in Fairfax, Va., is designed to become a neighborhood store with frequently updated collections and amenities designed to draw shoppers to the store, Bloomingdale's CEO Tony Spring said. Target has been expanding its lineup of small stores for nearly a decade and a growing number of big retailers, including Macy's and Nordstrom, have been experimenting with scaled-down locations tailored to local tastes.
Full Story: The Wall Street Journal (7/27) 
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Dollar General debuts store-within-a-store model
(Justin Sullivan/Getty Images)
Dollar General has launched two store-within-a-store models in the Nashville, Tenn., area, combining its pOpshelf concept with DG Market stores. The pOpshelf stores contain a variety of products priced at $5 or less, and the company plans to bring the concept to 25 stores.
Full Story: Progressive Grocer (7/28) 
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Tesla is reportedly driving its high-end electric cars out of shopping malls and parking them in delivery centers. Tesla could also consider mall parking lots, according to a report in Electrek
Full Story: CNBC (7/28) 
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J.C. Penney hasn't settled on a permanent new headquarters since shutting down the Plano, Texas, home it occupied for three decades. While employees have largely worked from home during the pandemic, in-person meetings have been held at vacant stores in Dallas-area malls, and the company is continuing to search for new office space in the Dallas-Fort Worth market for its more than 2,000 corporate employees, a spokeswoman said.
Full Story: The Dallas Morning News (tiered subscription model) (7/28) 
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