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Jonathan Marek
Senior Vice PresidentApplied Predictive Technologies
Costco Goes to the Mall for Growth
August 25, 2010
FROM RETAILWIRE:
In the past, Costco has opened the occasional club in a mall. Now, however, the company is making a push to put its stores in shopping center spaces that typically house department store anchors. What is your assessment of Costco's move into mall locations?
[more...]
Malls used to be the prime, and therefore high-rent, real estate in a world where the mantra in real estate was location, location, location. It speaks to the desperation of mall operators that they are attracting a tenant whose overwhelming real estate requirement is cheap, cheap, cheap.
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