| Mall of America’s security team will start using facial recognition software as part of safety plan [CBS News] Mall of America now has a new way to keep shoppers safe. A new high-tech layer of security has been added after gun-related incidents in recent years. Signs let you know you’re coming face to face with new facial recognition technology.
HK Mall to Get $1 Billion Upgrade With Help From Hermes, LVMH [BNN Bloomberg] Hongkong Land Holdings Ltd. and retail tenants including Hermes and Louis Vuitton will invest $1 billion to revamp the developer’s high-end mall in Hong Kong in a vote of confidence in the city’s luxury retail industry. The plan to upgrade Landmark, Hongkong Land’s flagship retail space in Central, will create multi-story maison-style stores for 10 tenants, who will see their total shop space double.
Going, going, gone: Retail space is snapped up at a record pace [Chain Store Age] After more than a decade of minimal shopping center development–and still riding the tailwinds of the post-pandemic rise in sales–retail tenants are finding themselves in the unfamiliar position of competing for available space. That is, when they can find it. |
