STORE SPACES

Simon Property Group: 100% of malls now recycle

BY Katherine Boccaccio

Indianapolis — Simon Property Group said Thursday that 100% of its enclosed regional malls and Mills value properties now offer waste recycling to merchants.

"The fact that every one of our enclosed properties is now recycling cardboard is an accomplishment that makes us proud," said George Caraghiaur, senior VP energy and procurement at SPG, who coordinates the company’s sustainability efforts. Caraghiaur also noted that pilot programs are underway for plastic film recycling and composting of food waste.

Simon said it has depended on the commitment and efforts of its tenants to reach the 100% participation mark.

In addition to waste recycling, Simon said it focuses on energy efficiency as a core sustainability strategy. Through the continued use of energy conservation practices, energy efficiency projects, and continuous monitoring and reporting, Simon said it has reduced energy consumption at comparable properties every year since 2003. As a result, excluding new developments and expansions, the company reduced the electricity usage over which it had direct control by 299 kWhs since 2003. This represents a 26% reduction in electricity usage across a portfolio of comparable properties and reflects significant operating savings. Simon’s documented reduction in greenhouse gas emissions resulting from its energy management efforts is 210,000 metric tons CO2e.

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OPERATIONS

Casual Male Retail names chief marketing officer

BY Staff Writer

Canton, Mass. — Casual Male Retail Group said Thursday that it has named Derrick Walker as senior VP and chief marketing officer.

Walker was previously VP marketing for Lenscrafters. He has also served as VP marketing for Finish Line and as director of marketing for RadioShack.

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News

ShopperTrak: May 2012

BY CSA STAFF

Total U.S. shopper traffic in retail stores and malls for May 2012

Retailers saw an uptick in foot traffic last month, a welcome change of pace after a slow April. May retail foot traffic increased 1.6% over the previous month. Two holidays in May, Mother’s Day and Memorial Day, drove the increase, but they weren’t enough to outpace the same period last year.

Because Mother’s Day fell one week later on the calendar this year, all Mother’s Day traffic was captured in May, instead of being split between April and May, as it was in 2011. Even with most of Mother’s Day foot traffic captured in May, the month still saw a 0.5% year-over-year decrease in foot traffic compared to May 2011.

Mother’s Day sales and traffic are historically bright shopping spots in the retail calendar. Though foot traffic was relatively flat year-over-year the week before Mother’s Day on May 13, retail sales spiked 4% as families splurged on the most important women in their lives. The data indicates that shoppers visited fewer stores, but they bought more.

Retailers saw a second wave of shoppers at the end of the month, as many consumers took advantage of the long Memorial Day weekend and capitalized on holiday deals.

While foot traffic isn’t declining at the rate it was earlier in the year, it is still trending lower than last year. This increases the importance to each shopper who walks through a retailer’s doors, which is especially true for Father’s Day this month. ShopperTrak forecasts foot traffic will remain relatively flat and sales will increase just 0.5% in June.

ShopperTrak’s data and analyses in this article are based on counting billions of shoppers in more than 45,000 locations across 74 countries. ShopperTrak is a leading retail technology company that anonymously counts people, analyzes data and identifies opportunities to increase revenue for retailers, mall developers and entertainment venues. Find out more at http://www.shoppertrak.com.

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