America’s largest mall operator is especially optimistic about Florida ...Middle East

Economy by : (Quartz) -
Last year was a disastrous one for US mall operators. But despite the continued cloud of the Covid-19 pandemic hanging over retailing, Simon Property Group, the country’s biggest mall owner,  is optimistic about 2021, especially for its properties Florida.Simon operates more than 200 properties in 38 states, all of which had to shutter operations in late March due to the pandemic. Social distancing measures and the rising popularity of e-commerce have continued to hurt foot traffic and sales at many malls and outlet centers, even during the holidays. On Feb. 8, Simon reported weaker year-over-year profits for its latest quarter ending on Dec. 31, with revenues falling by about 24%. With man

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