“Department stores will always have a place in enclosed malls. You won't have 40 or 50 vying to be in that space, but they are out there and they are looking.”
“It certainly provides them a simple opportunity to draw customers that do not typically go to the mall in January. It helps build that traffic. It is a great tie-in. They also are celebrating that Detroit has it. You all are going to be the highlight.”
“These stores want to make sure they have a core of customers available in a city before they open. The stores look at median household incomes. If the median income is $80,000 or more, they will probably locate there. If it is $30,000 or less, then it gets tough.”