The Chronicle Telegram in Elyria, Ohio

Taubman sees steady growth as upscale malls outperform peers

Taubman Realty Group head Bill Taubman says holiday sales rose modestly and annual sales per square foot jumped over 30 percent versus 2019. He notes luxury brands shifting distribution away from department stores and suburban stores expanding to sell apparel, with core mainstream brands showing strength. He adds home furnishings lag and hybrid work reshaping space needs.