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Mall Traffic Improving?

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According to an FBR analyst, things may be looking a bit brighter at malls these days.

Adrienne Tennant of Friedman Billings Ramsey & Co. said in a client note that consumers are hitting the malls nationwide, trying to find fashionable bargains as spring weather approaches.

"We remain optimistic that if the weather continues to break to spring-like temperatures, sales trends may pick up," she said. "We believe March is exceeding initial expectations."

Tennant said there is pent-up demand, especially in the teen sector. Traffic has improved, especially at teen retailers American Eagle Outfitters Inc. and Aeropostale Inc., she said.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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