International Council of Shopping Centers changes name, keeps acronym
July 21, 2021
The International Council of Shopping Centers is now identifying itself as Innovating Commerce Serving Communities. The 65-year-old trade association representing shopping center owners and related businesses will continue to refer to itself by its long-used acronym, ICSC. “The terminology ‘shopping centers’ or ‘retail real estate’ are still clearly an important part of our membership,” said Tom McGee, president and CEO of ICSC. “But they’re somewhat descriptive to the historical nature of who our membership was, from a demographic standpoint…the property type that it was. As opposed to the impact that the industry has upon communities.”
Recent News
Meta’s Investment Plans Rattle Investors
Mark Zuckerberg’s recent announcement about Meta’s spending plans left investors concerned.
Spotify Faces Disruptions After Layoffs
During Spotify’s recent earnings call, CEO Daniel Ek acknowledged that the company’s decision to lay off employees last December had a more substantial impact on operations than initially anticipated.
Clear’s Airport Line-Skipping Faces California Scrutiny
Clear, a biometric scanning service, lets travelers skip airport security lines for $189 a year. Now, California lawmakers are pushing back against its expansion.
Walgreens Broadens Specialty Pharmacy Services for Cell and Gene Therapies
Walgreens revealed its plans to collaborate directly with drug manufacturers to provide cell and gene therapies to patients in the U.S.