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Industry News

Industry News - Today

Physical retail will live forever, says Unibail-Rodamo CEO

Online retail will peak, and brick-and-mortar stores will be with us forever, Unibail-Rodamco Christophe Cuvillier said on a conference call covered by Reuters.

Industry News - This week

Westfield’s Lowy family plans data company to connect malls, retailers, customers

The Lowy family, owners of Westfield Corp., has unveiled its next step following the announcement of plans to sell Westfield to Unibail-Rodamco. Westfield Chairman Frank Lowy and his co-CEO sons, Steven and Peter, have formed a company that will collect data to make it easier for malls and retailers to market to their customers, reports The Wall Street Journal.

Industry News - This week

Commentary: Unibail-Rodamco’s big bet on the future of the U.S. mall

Unibail-Rodamco’s acquisition of Westfield is a testament to the viability of the mall, notes a Bloomberg commentary. It demonstrates that well-maintained, attractive shopping centers have a fundamental role in the future of retail as showrooms for merchandise and as places for people to meet, eat and be entertained.

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