The ICSC Blog

February 20, 2014
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Don’t count department stores out, GGP chief says

Write no obituaries for JCPenney or Sears just yet, General Growth Properties CEO Sandeep Mathrani advised his listeners at an SCTLive forum in New York City last Friday. “People forget, Americans still shop at Sears,” he said. Indeed, at $40 billion in 2012, Sears’ sales dwarf those of many prominent retailers, he noted, including Macy’s…