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Washington Prime Group CEO Rips E-commerce ‘Hysteria’ Amid Retail Mall Struggles

The Columbus, Ohio-based REIT's CEO used the first quarter earnings release to speak out.

Mall operator Washington Prime Group Inc. has reported better-than-expected quarterly operating results, and CEO Lou Conforti used the first-quarter earnings release as a bully pulpit for bashing e-commerce “hysteria.” The Columbus real estate investment trust, formerly called WP Glimcher Inc., said it is making progress in its efforts to overcome broader retail industry struggles amid online competition, including by refreshing properties and being proactive with tenant mixes in malls.

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