Roulston Research's Consumer chair, Craig Johnson likes the purchase of General Growth Properties by its biggest rival, Simon Property Group.
"This is a long-anticipated, long-discussed move, and is a natural," said Craig Johnson, retail industry expert and president of consulting firm Customer Growth
Johnson said the move could bode well for malls overall, since "Simon is a far better mall operator than General Growth, and it has the capital to operate and refresh [General Growth's] malls when necessary."
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