GGP Executive Vice President and Chief Financial Officer Michael B. Berman to retire; Heath R. Fear to succeed

CHICAGO, 2017-Sep-27 — /EPR Retail News/ — GGP Inc. (the “Company”)(NYSE: GGP) announced Michael B. Berman is retiring as Executive Vice President and Chief Financial Officer, effective on March 1, 2018, or such earlier date as mutually agreed. Mr. Berman joined the Company in December 2011. The Board of Directors appreciates Mr. Berman’s efforts and his tenure at the Company and wishes him well in his future endeavors.

Additionally, the Company announced the appointment of Heath R. Fear as the Company’s Executive Vice President, Finance, effective November 6, 2017. Upon Mr. Berman’s retirement, Mr. Fear will assume the role of Executive Vice President and Chief Financial Officer. Mr. Berman will be available to assist in the transition of duties through March 1, 2018. Mr. Fear was most recently the Executive Vice President, Chief Financial Officer and Treasurer of Retail Properties of America, Inc. (NYSE: RPAI). Prior to joining RPAI, Mr. Fear was with GGP for 12 years and, most recently, served as the Senior Vice President, Capital Markets for GGP.

About GGP Inc.
GGP Inc. is an S&P 500 company focused exclusively on owning, managing, leasing, and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

Contact:

GGP Inc.
Kevin Berry, SVP Investor & Public Relations
kevin.berry@ggp.com
O (312) 960-5529
M (708) 308-5999

Investor Relations

If you have questions regarding GGP, please submit your request in writing or by phone to:
Kevin Berry, Senior Vice President of Investor & Public Relations(312) 960-5529

kevin.berry@ggp.com

SOURCE: GGP Inc.

GGP to report 2Q 2017 financial and operational results on Wednesday, August 2, 2017

CHICAGO, 2017-Jun-29 — /EPR Retail News/ — GGP will report financial and operational results for the second quarter 2017 before the market opens on Wednesday, August 2, 2017. The company will host a conference call for investors and other interested parties on August 2, 2017, at 8:00 a.m. Central (9:00 a.m. Eastern). The information to be discussed during the call will be contained in the earnings release and supplemental financial package which will be available on the Investors section of GGP’s website at www.ggp.com.

The conference call will be accessible by telephone and through the Internet. Interested parties can access the call by dialing 877.845.1018 (international 707.287.9345). A live webcast of the conference call will be available in listen-only mode in the Investors section at www.ggp.com. Interested parties should access the conference call or website 10 minutes prior to the beginning of the call in order to register.

For those unable to listen to the call live, a replay will be available after the conference call event. To access the replay, dial 855.859.2056 (international 404.537.3406) conference ID: 44508800.

GGP

GGP is an S&P 500 company focused exclusively on owning, managing, leasing, and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

SOURCE: GGP Inc.

Contact:

Investor & Media Contact:
Kevin Berry
SVP Investor & Public Relations
kevin.berry@ggp.com
(312) 960-5529

 

 

GGP CEO Sandeep Mathrani and CFO Michael Berman to present at NAREIT’s REITWeek 2017 Investor Forum

CHICAGO, 2017-Jun-07 — /EPR Retail News/ — GGP, Inc. (NYSE: GGP, the “Company”) today (June 6, 2017) announced that Sandeep Mathrani, Chief Executive Officer, and Michael Berman, Chief Financial Officer, will present at NAREIT’s REITWeek 2017 Investor Forum in New York on Wednesday, June 7, 2017 at 8:45 a.m. EDT. The presentation will be webcast live at http://reitstream.com/reitweek2017/ggp and will be available for 90 days.

About GGP, Inc.
GGP, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing, and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

Contact:
Kevin Berry
SVP Investor & Public Relations
kevin.berry@ggp.com
(312) 960-5529

Source: GGP

Lolli & Pops to open 30 new stores in GGP Locations

The Boutique Sweet Shop Expands Physical Footprint with 30 Additional GGP Locations

CHICAGO, 2017-May-24 — /EPR Retail News/ — Retail real estate company GGP Inc. announced today (May 22, 2017) its partnership with Lolli & Pops, Inc. to open 30 new locations. Brick-and-mortar is the primary channel to create meaningful, emotional connections with consumers, and the partnership illustrates its essential role in the retail industry.

“Our regional shopping centers are the heartbeat of the community, and curation is a fundamental strategy,” said Sandeep Mathrani, CEO of GGP. “We’ve embraced working with Lolli & Pops because their philosophy coincides with our mission to provide a fun environment of search and delight.”

The owner and operator of 127 retail properties in 40 states, nearly 56 percent of the U.S. population lives within one hour from a GGP regional shopping center. To create an optimal customer experience, GGP curates each of its properties with a fusion of traditional retailers, e-commerce tenants expanding into brick and mortar, dining and entertainment.

“The true power of brick-and-mortar retail is the ability to enrich products with emotional and physical context,” said Sid Gupta, CEO of Lolli & Pops. “At Lolli & Pops, our elevated in-store experience has been a key factor to our rapid growth, and we are excited to partner with GGP and play an integral role in their efforts to reinvent today’s shopping centers.”

Under the leadership of Gupta, Lolli & Pops has experienced remarkable growth since first launching in 2012 driven by its experiential stores, elevated assortment and delightful service. In five years, Gupta grew the company into a leading brand with 38 locations and a loyal customer base. Lolli & Pops is not only renowned for its high-quality, innovative sweets, but also a one-of-a-kind ambiance with exceptional service and hospitality. Each store is designed to immerse customers in the emotional potential of the products they purvey.

Lolli and Pops purveys confections, sweets and gifts from around the world. The company measures success with “happiness counts” or how many people have been delighted on a daily basis. It is a system built to promote generosity inside and out of each Lolli and Pops location.

About GGP Inc.

GGP is an S&P 500 company focused exclusively on owning, managing, leasing and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

About Lolli & Pops

Lolli and Pops, Inc. is a mass-premium specialty retailer offering an assortment of confections, sweets, and gifts from around the world. As of April 2017, it operates 38 shops throughout the United States. Its headquarters are located in San Francisco, where it was established in 2012.

Contact:
GGP
Lindsay Kahn
312-960-2616
lindsay.kahn@ggp.com

Lolli and Pops
Alex Chang
415-445-4542
alexc@lollliandpops.com

Investor Relations:
Kevin Berry
Senior Vice President of Investor & Public Relations
(312) 960-5529
kevin.berry@ggp.com

Source: GGP

GGP announces the promotion of Shobi Khan to President and COO

Chicago, Illinois, 2016-Dec-19 — /EPR Retail News/ — GGP announced today (December 15, 2016) the promotion of Shobi Khan to President and Chief Operating Officer, effective immediately. Mr. Khan joined GGP in 2011 as Chief Operating Officer to oversee all aspects of asset management and investment activities. Mr. Khan will continue to report directly to Sandeep Mathrani, Chief Executive Officer.“Shobi has been one of my trusted colleagues during the transformation of GGP into one of the leading retail real estate companies in the U.S. Over the last five years, Shobi’s responsibilities have broadened and it gives me great pleasure to recognize him with this promotion,” commented Sandeep Mathrani.“On behalf of the Board of Directors, we are proud to announce Shobi’s promotion to President. Since 2011, Shobi has been a respected leader and partner throughout the organization. We have the utmost confidence in Shobi in his new role as he continues to partner with Sandeep and the executive team to deliver long-term value creation for our shareholders,” commented Bruce Flatt, Chairman of the Board.

GGP 
GGP is an S&P 500 company focused exclusively on owning, managing, leasing, and redeveloping high quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

Investor Relations:
Kevin Berry
Vice President

Source: GGP

GGP will report 4Q2016 results on February 2, 2017

CHICAGO, 2016-Dec-12 — /EPR Retail News/ — GGP will report financial and operational results for the fourth quarter 2016 after the close of business on Thursday, February 2, 2017, and host a conference call for investors and other interested parties at 8:00 a.m. Central (9:00 a.m. Eastern) on Friday, February 3, 2017. The information to be discussed during the call will be contained in the earnings release and supplemental financial package which will be available on the Investors section of GGP’s website at www.ggp.com.

The conference call will be accessible by telephone and through the Internet. Interested parties can access the call by dialing 877.845.1018 (international 707.287.9345). A live webcast of the conference call will be available in listen-only mode in the Investors section at www.ggp.com. Interested parties should access the conference call or website 10 minutes prior to the beginning of the call in order to register.

For those unable to listen to the call live, a replay will be available after the conference call event. To access the replay, dial 855.859.2056 (international 404.537.3406) conference ID: 35145485.

GGP

GGP is an S&P 500 company focused exclusively on owning, managing, leasing, and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

CONTACT:

GGP
Investor & Media Contact:
Kevin Berry
SVP Investor & Public Relations
kevin.berry@ggp.com
(312) 960-5529

Source: GGP

GGP to announce 3Q financial results and conference call on October 31, 2016

Chicago, Illinois, 2016-Sep-26 — /EPR Retail News/ — General Growth Properties, Inc. (NYSE: GGP) will report financial and operational results for the third quarter 2016 after the close of business on Monday, October 31, 2016, and host a conference call for investors and other interested parties at 8:00 a.m. Central (9:00 a.m. Eastern) on Tuesday, November 1, 2016. The information to be discussed during the call will be contained in the earnings release and supplemental financial package which will be available on the Investors section of the company’s website at www.ggp.com.

The conference call will be accessible by telephone and through the Internet. Interested parties can access the call by dialing 877.845.1018 (international 707.287.9345). A live webcast of the conference call will be available in listen-only mode in the Investors section at www.ggp.com. Interested parties should access the conference call or website 10 minutes prior to the beginning of the call in order to register.

For those unable to listen to the call live, a replay will be available after the conference call event. To access the replay, dial 855.859.2056 (international 404.537.3406) conference ID: 87693982.

General Growth Properties, Inc. 
General Growth Properties, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing, and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

Investor Relations:
Kevin Berry
Vice President

Source:General Growth Properties, Inc.

GGP to present at the Bank of America Merrill Lynch 2016 Global Real Estate Conference in New York

CHICAGO, 2016-Sep-14 — /EPR Retail News/ — General Growth Properties, Inc. (NYSE: GGP)(the “Company”) today (September 12, 2016) announced that Michael Berman, Chief Financial Officer, and Shobi Khan, Chief Operating Officer, will present at the Bank of America Merrill Lynch 2016 Global Real Estate Conference in New York on Tuesday, September 13, 2016, at 12:40 p.m. Eastern Time.

Live Webcast: http://www.veracast.com/webcasts/baml/realestate2016/id75102266392.cfm

About General Growth Properties, Inc.
General Growth Properties, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing, and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

CONTACT:
General Growth Properties, Inc.
Kevin Berry, SVP Investor & Public Relations
kevin.berry@ggp.com
(312) 960-5529

Source: General Growth Properties, Inc

GGP launches new parking app powered by INRIX

CHICAGO, 2016-Jul-21 — /EPR Retail News/ — Today GGP announced a new tool to give shoppers visibility into parking availability at its properties using historical and real-time data to predict parking accessibility. By using heat maps enabled by GPS data to show open parking spaces closest to shoppers’ favorite stores or restaurants, the industry-first parking feature provides shoppers with added convenience and solves one of their most pressing problems.

“Mall traffic continues to rise, and during peak shopping seasons, such as holiday and back to school, parking continues to be one of the largest pain points,” said Scott Morey, executive vice president of technology and marketing at GGP. “We’re always looking for opportunities to incorporate technology into our retail real estate to elevate the shopping experience. Providing more options for parking and promoting valet services are two ways we’re freeing up parking spaces for our shoppers. Combined with our new technology, our solutions are leading the way in providing mall shoppers with convenient and reliable parking.”

As shopping center traffic continues to increase and technology plays a larger role in the consumer experience, GGP is focused on creating new and innovative digital experiences that provide convenience, support and personalized engagement to its shoppers. According to a recent survey by the International Council of Shopping Centers (ICSC), approximately threequarters (75 percent) of American adults went to a mall at least once in the past three months and approximately two-thirds (66 percent) of Americans use mobile devices while shopping in store. GGP’s first-to-market parking feature is the first in a series of updates planned to create digitally-enabled experiences at its properties.

“Technology, and specifically mobile, continues to play an important role in every shopper’s journey and GGP remains committed to leveraging it to provide shoppers with a more convenient, engaging and relevant experience,” said GGP chief executive officer, Sandeep Mathrani. “Parking is the very first and very last engagement we have with our shoppers. We see great potential in our ability to develop innovative digital tools that create quality shopping experiences.”

To instantly view parking availability, shoppers simply open the GGP app on their iOS or Android device, select a mall location and choose the parking option to view availability and plan their shopping trip. GGP is currently testing its parking technology through a pilot program at four malls across the country, including Oakbrook Center (Oak Brook, Illinois), Alderwood Mall (Seattle, Washington), Stonestown Galleria (San Francisco, California), and Ridgedale Center (Minneapolis, Minnesota).

Following analysis of the pilot program’s performance, a broader rollout to GGP malls will occur in the third quarter of 2016. By sharing its mapping information and parking data with its technology partners and third-party mapping companies, such as Google and Apple, GGP aims to bring its parking solution to consumers across different devices and services.

INRIX, a leading provider of on- and off-street parking information to automakers, transportation agencies, technology companies and drivers around the world. The INRIX Parking database includes more than 29 million off-street spaces in 65 countries – making it the most comprehensive source for parking intelligence.

“Parking is a major pain point in our daily lives, whether going to work, out to dinner or shopping,” said David Weld, general manager of enterprise at INRIX. “GGP’s new mobile app powered by INRIX is an innovative approach to provide timely, relevant parking information to enhance the mall shopping experience.”

GGP’s mobile app can be downloaded via the following:

About GGP
General Growth Properties, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

About INRIX
INRIX is the global leader in connected car services and movement analytics, a new approach that leverages big data and the cloud to help manage urban mobility. By aggregating a variety of sources and applying intelligence, INRIX delivers comprehensive data and solutions to help move people, cities and businesses forward. Our partners are automakers, governments, mobile operators, developers, advertisers, as well as enterprises large and small. We are literally everywhere with over 450 customers across 60 countries. INRIX has offices in Kirkland, Seattle, Santa Monica, London, Manchester and Munich.

Contact:
Lindsay Kahn,
GGP Public Relations Manager
312-960-2616

###

GGP launches new parking app powered by INRIX
GGP launches new parking app powered by INRIX

 

Source: GGP

GGP reaffirms its industry-leading role as an environmentally responsible business in its 2016 sustainability report

CHICAGO, 2016-Jul-20 — /EPR Retail News/ — GGP, the owner and operator of 128 high-quality retail properties in the United States, released its annual sustainability report which reaffirms its industry-leading role as an environmentally responsible business and showcases the impacts of its efforts. The company’s sustainability strategy includes programs in areas such as operations and efficiencies, development and property management, community engagement, and workplace development and training.

“Sustainability is not just a buzzword or isolated program for GGP, it is at the core of our values and is embedded into every part of our business,” said Shobi Khan, chief operating officer at GGP. “We consistently strive to improve the efficiency of our properties and work side-by-side with each tenant to reduce our footprint and make substantial impacts to better the environment around us.”

Among the many highlights from 2015 sustainability initiatives, GGP made tremendous headway in the company’s five areas of focus:

  • Reduced overall carbon footprint by 23,200 metric tons of carbon dioxide; the equivalent of removing nearly 5,000 cars off the roads in the U.S.
  • Through the utilization of smart irrigation technology, reduced water consumption at properties by more than 64 million gallons; the equivalent of nearly 100 Olympic-sized swimming pools
  • Diverted over 54,300 tons of waste from landfills that could have otherwise filled more than 4,500 garbage trucks
  • Reduced electricity consumption by approximately 215 million kilowatt hours, which is enough electricity to power all of the home in Coral Gables, Florida for one year
  • Anticipated savings of approximately 44.5 million kilowatt hours per year by updating 500 inefficient roof-top common area heating, ventilation and air conditioning (HVAC) units with high-efficiency units

For a second consecutive year, GGP is recognized for making ecological, economic and social initiatives an integral part of its business with the highest possible real estate sustainability honor – a prestigious Green Star – by the Global Real Estate Sustainability Benchmark (GRESB). Furthermore, the company’s solar generation projects currently underway will rank GGP among the top 10 U.S. companies by solar capacity, according to 2015 Solar Energy Industries Association (SEIA) rankings.

“It is encouraging to see the progress of GGP and the broader commercial real estate sector as sustainability issues are becoming increasingly important for retailers and the end-consumer,” said Nils Kok, chief executive officer of GRESB. “Sustainability initiatives are directly reducing expenses and will lead to more competitive positioning of assets over the next couple of years.”

Contact:

Lindsay Kahn
GGP Public Relations Manager
312-960-2616

###

GGP reaffirms its industry-leading role as an environmentally responsible business in its 2016 sustainability report
GGP reaffirms its industry-leading role as an environmentally responsible business in its 2016 sustainability report

 

Source: GGP

General Growth Properties to release first quarter 2016 financial and operational results on Monday, May 2, 2016

CHICAGO, 2016-Apr-20 — /EPR Retail News/ — General Growth Properties, Inc. (NYSE: GGP) will report financial and operational results for the first quarter 2016 after the close of business on Monday, May 2, 2016, and host a conference call for investors and other interested parties at 8:00 a.m. Central (9:00 a.m. Eastern) on Tuesday, May 3, 2016. The information to be discussed during the call will be contained in the earnings release and supplemental financial package which will be available on the Investors section of the company’s website at www.ggp.com.

The conference call will be accessible by telephone and through the Internet. Interested parties can access the call by dialing 877.845.1018 (international 707.287.9345). A live webcast of the conference call will be available in listen-only mode in the Investors section at www.ggp.com. Interested parties should access the conference call or website 10 minutes prior to the beginning of the call in order to register.

For those unable to listen to the call live, a replay will be available after the conference call event. To access the replay, dial 855.859.2056 (international 404.537.3406) conference ID: 72648905.

General Growth Properties, Inc.
General Growth Properties, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing, and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

CONTACT:

General Growth Properties, Inc.
Kevin Berry, SVP Investor & Public Relations
(312) 960-5529
kevin.berry@ggp.com

General Growth Properties, Inc. to report Q4 2015 results on Monday, February 1, 2016

CHICAGO, 2015-12-11 — /EPR Retail News/ — General Growth Properties, Inc. (NYSE: GGP) will report financial and operational results for the fourth quarter 2015 after the close of business on Monday, February 1, 2016, and host a conference call at 8:00 a.m. Central (9:00 a.m. Eastern) on Tuesday, February 2, 2016. The information to be discussed during the call will be contained in the earnings release and supplemental financial package which will be available on the Investors section of the company’s website at www.ggp.com.

The conference call will be accessible by telephone and through the Internet. Interested parties can access the call by dialing 877.845.1018 (international 707.287.9345). A live webcast of the conference call will be available in listen-only mode in the Investors section at www.ggp.com. Interested parties should access the conference call or website 10 minutes prior to the beginning of the call in order to register.

For those unable to listen to the call live, a replay will be available after the conference call event. To access the replay, dial 855.859.2056 (international 404.537.3406) conference ID: 3107667.

About GGP
GGP is an S&P 500 company focused exclusively on owning, managing, leasing and redeveloping high quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

CONTACT:

General Growth Properties, Inc.
Kevin Berry, VP Investor Relations
312-960-5529
kevin.berry@ggp.com

SOURCE: General Growth Properties, Inc.

Adventure to Santa – A DreamWorks DreamPlace opens at five GGP locations across the country

CHICAGO, 2015-10-26 — /EPR Retail News/ — General Growth Properties, Inc. (NYSE: GGP) today announced the return of Adventure to Santa – A DreamWorks DreamPlace: a first-of-its-kind holiday experience that features Shrek, Santa and interactive storytelling with cutting-edge technology. The 2,000-square-foot interactive cottage opens at five GGP locations across the country, adding even more magic and delight to the traditional mall holiday experience.

Reservations can be made online at www.adventuretosanta.com with the purchase of a photo package now through December 24.

Shrek and friends take families on an enchanting journey to the North Pole. Five captivating rooms within the Adventure to Santa experience keep families engaged and entertained, including a cinematic adventure featuring a wrap-around screen and motion-based effects sure to excite guests of all ages. Once families complete the activities in each room, Adventure to Santa culminates in a special moment where children and their families enjoy a private visit with Santa.

New features this year include two new app games, Sleigh Flight School and Gingy’s Cookie Maker and three additional exterior skins, the Painted Lady, Candy Cottage and Enchanted Log Cabin. In addition, throughout the holidays at the top of the hour, the cottage will perform a newly designed light show that cues a different exterior skin for each hour. Each show is three minutes long, including a concert conducted by the holiday elves.

GGP opening dates and locations include:

  • Fashion Show – Las Vegas, NV, Thursday, November 5
  • North Point Mall – Alpharetta (Atlanta), GA, Friday, November 6
  • The Parks Mall at Arlington – Arlington (Dallas/Fort Worth), TX , Friday, November 6
  • Oakbrook Center – Oak Brook (Chicago), IL, Saturday, November 7
  • Southwest Plaza – Littleton (Denver), CO, Saturday, November 14

Connect with GGP

About GGP
General Growth Properties, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing and redeveloping high quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

CONTACT:
GGP
Lesley Cheers, 312.960.2646
Lesley.cheers@generalgrowth.com
or
Allied Integrated Marketing
Ginger Chan, 323.330.8863
GChan@alliedim.com

GGP Investor Event at Fashion Show in Las Vegas, Nov 16, 2015

Las Vegas, 2015-10-16 — /EPR Retail News/ — GGP Investor Event at Fashion Show in Las Vegas, Nov 16, 2015

5:00pm PT: Property Tour

Please check-in at Fashion Show, 2nd level entrance, between Neiman Marcus and Abercrombie

5:30pm – 8:30pm PT: Reception

7:00pm PT: Opening remarks by Sandeep Mathrani, CEO

Questions?
Text (702) 781-3777

Dress Code
Business Casual

Please reply to kevin.berry@ggp.com to confirm your attendance.

###

GGP Investor Event at Fashion Show in Las Vegas, Nov 16, 2015

Kate Hudson’s Fashion Athletic Wear Brand Fabletics to open its first brick-and-mortar stores at five GGP locations this fall

Kate Hudson’s Fashion Athletic Wear Brand Takes Next Step in Brand Evolution

CHICAGO, 2015-7-13 — /EPR Retail News/ — General Growth Properties, Inc. (NYSE: GGP) today announced Fabletics, the online activewear and accessories line co-founded by award-winning actress Kate Hudson, will open its first brick-and-mortar stores at five GGP locations this fall to build off the success of its e-commerce platform. Launched in 2013, Fabletics offers premium fashion-forward activewear for women, and recently launched a versatile and high-performance athletic wear line for men, FL2.

“Adding Fabletics stores to our mall portfolio will give shoppers more access to an innovative activewear brand that is already making waves online,” said Alan Barocas, Sr. EVP of Leasing, GGP. “More and more, we are seeing pure-play retailers like Fabletics see the value of adding physical locations to enhance sales and brand visibility. In fact, 90 percent of all U.S. retail sales occur at physical stores, and when a pure-play retailer opens a physical store, they see online sales increase three to five times in the same trade area.”

GGP Fabletics locations opening this fall include: Bridgewater Commons (Bridgewater, N.J.); Christiana Mall (Wilmington, Del.); Kenwood Towne Centre (Cincinnati); The Mall in Columbia (Columbia, Md.) and Saint Louis Galleria (St. Louis). The stores will feature an assortment of amenities to provide an elevated experience for shoppers, including mobile points of sale, free shipping from warehouses for out-of-stock items, in-store fitting appointments, buy online and pick-up in store (BOPUS), as well as a virtual shopping cart to help customers complete their shopping online after their in-store visit.

“We are excited to be opening our first retail locations with GGP,” said Gregg Throgmartin, president of retail, Fabletics. “As an e-commerce leader that is expanding into brick-and-mortar retail, it was key that we partner with an innovative shopping center owner that has introduced cutting-edge retail concepts to fashion-forward and stylish customers.”

Fabletics features fashion-infused activewear that takes you way beyond the workout, from performance-enhancing pieces to high-fashion pieces to ultra-cozy loungewear. Every style is designed for working out and going out. Fabletics locations will also feature FL2, which offers a range of elite workout gear and versatile lifestyle essentials for men to work out, play, and live in. With outfits starting at $49.95 for a top and a bottom, Fabletics and FL2 offer premium activewear without the high cost.

About Fabletics and FL2 
Fabletics is an innovative, high-quality activewear and accessories line for today’s active woman, co-founded by actress Kate Hudson and the team behind JustFab. Whether it’s your sport or your passion, FL2 is designed for the athlete, the friend, the father, the weekend referee, the little league coach. FL2 was made for all men, for every lifestyle.

About GGP
Follow GGP on Facebook and Twitter and read about industry news on the Thriving Malls blog.

General Growth Properties, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

CONTACTS:

GGP
Lesley Cheers
(312) 960-5529

Zeno Group
Danika Kmetz
(312) 396-9767

Fabletics
Alice Chung
(310) 683-0940

GGP: Seattle-based Nordstrom plans to open a full-line store in the new regional shopping center in Norwalk, CT

SEATTLE, 2015-3-2 — /EPR Retail News/ — Seattle-based Nordstrom, Inc. (NYSE: JWN), a leading fashion specialty retailer, today announced plans to open a full-line store in the new regional shopping center in Norwalk, CT being developed by General Growth Properties (NYSE: GGP). The three-level, approximately 150,000 square-foot store is scheduled to open in fall 2018 and will be the company’s second full-line store in the state. The company opened its first Nordstrom in Connecticut in 1997 near Hartford at Westfarms Mall in Farmington.

“We’re glad we have an opportunity to serve our existing Fairfield County customers closer to home as well as customers new to Nordstrom in a compelling, new retail destination,” said Jamie Nordstrom, president of stores for Nordstrom, Inc. “GGP is a terrific partner and we are excited to be a part of this new regional shopping center.”

“Our goal is to provide a unique shopping destination that serves as a gathering place for great retail, dining and entertainment. Securing Nordstrom as an anchor shows GGP’s strategy to bring high-quality stores to this exciting new development that will complement existing merchants in South Norwalk and attract new customers,” said Sandeep Mathrani, CEO, GGP.

Located just off I-95 at the intersection of West Avenue and North Water Street in the Reed Putnam Urban Renewal area (95/7), Nordstrom will be an anchor tenant of GGP’s new, 700,000+-square-foot enclosed regional retail center. In addition, the company also operates a Nordstrom Rack nearby at West Farm Shopping Center in Farmington, CT.

About Nordstrom
Nordstrom, Inc. is a leading fashion specialty retailer based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 292 stores in 38 states, including 116 full-line stores in the United States and one in Canada; 167 Nordstrom Racks; two Jeffrey boutiques; and one clearance store. Nordstrom also serves customers online through Nordstrom.com, Nordstromrack.com and private sale site HauteLook. The company also owns Trunk Club, a personalized clothing service that takes care of customers online at TrunkClub.com and its five showrooms. Nordstrom, Inc.’s common stock is publicly traded on the NYSE under the symbol JWN.

About GGP
General Growth Properties, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing, and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

CONTACTS:

GGP
Lesley Cheers
(312) 960-2646

GOLIN
Dan Evans
(206) 303-3036