The ICSC Blog

December 22, 2011
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A new year’s resolution for shopping center owners: Get those property taxes right!

Most shopping center owners are being over-taxed and do not even know it. Or they do not realize it until they get their tax bill. The problem is in the way taxes are figured by local assessors — a methodology that was only adequate, at best, during good times, but which has become a severe…

December 13, 2011
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DDR launches mobile-marketing technology

DDR Corp. says it will launch a location-based, mobile-marketing platform called ValuText, which will send shoppers text messages about deals and promotions at various retailers while they shop. The opt-in program, to be set up at 27 DDR shopping centers, will allow sign-up online or by text. The technology lets retailers send text messages to…

December 7, 2011
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Dollar stores gain ground in U.S.

The U.S. is now home to more dollar stores than drugstores, according to a study by Colliers International. The brokerage firm says that as of mid-year 2011, the combined store count of the country’s four major dollar store chains – Dollar General, Dollar Tree, Family Dollar, and 99 Cents Only – has surpassed that of…

November 30, 2011
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Morocco’s first mall brings Paris to Africa

One mall developer is giving Morocco’s well-to-do one less reason to jet off to Paris. That country’s very first mall will open later this month in Casablanca, along 25 acres of seafront. This is a major event in this city of 3.2 million that is among North Africa’s largest and most important economically, and which,…

November 22, 2011
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‘Small Business Saturday’ event to drive traffic into mom-and-pop shops this weekend

American Express is once again teaming up with small retailers nationwide to encourage consumers to shop on Small Business Saturday this Nov. 26. During last year’s event, small retailers reported a sales surge. "Last year, we saw a 28 percent rise in sales volumes for our small business merchants versus the same day in 2009,"…

November 17, 2011
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TJX ramps up expansion plans in U.S.

TJX Cos. is boosting its U.S. expansion plans after seeing increased traffic and spending at its stores in 2011. More Americans are shopping for discounted goods, and the retailer wants to make sure it is near the action, said CEO Carol Meyrowitz on a conference call with investors this week. “Basically 75 percent of adults…