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Simon Cuts Hours at Some Malls

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Simon Property Group has cut the hours of operation for its New England malls, as has the CambridgeSide Galleria. The reductions follow one of the worst holiday sales seasons on record and a decline in consumer spending and mall foot traffic.

Simon is closing its retail centers at 9 p.m. Monday through Saturday, a half-hour to one hour earlier depending on the location. Its local malls, including the Burlington Mall, Northshore Mall in Peabody, Square One Mall in Saugus and South Shore Plaza in Braintree, also are opening at noon on Sundays, an hour later.

“Our ongoing review processes have determined that mall hours in New England could and should be modified to maximize efficiencies for the shopping centers and our retailers, who - like Simon - are focused on energy conservation,” Laurel Sibert, vice president of mall marketing for Simon in New England, said in a statement.

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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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