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Tag Archives: retail

Northpark faces brave new world of mall retailing

By JACK WEATHERLY Credit Suisse predicted earlier this month that up to 25 percent of U.S. malls will be closed within five years. The Switzerland-based financial services giant’s outlook sent ripples across the world of malls, which have dominated the retail landscape for several decades. Credit Suisse and other observers see an overbuilt market, not unlike the housing market of ...

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Farmers Alliance takes to road in battle against food deserts

By TED CARTER Sometimes two problems can come together to create a solution. In Mississippi, small farmers struggle to keep their land and make enough money to get by. And across the state, many rural communities and even some urban neighborhoods lack a means of buying fresh food. The farmers have the food and the people who live in the ...

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Mercedes-Benz of Jackson named Official Automotive Partner of Highland Village

Highland Village has named Mercedes-Benz of Jackson its Official Automotive Partner. The partnership creates immediate cross promotional opportunities for both brands, including Mercedes-Benz of Jackson permanently displaying three luxury vehicles – two Mercedes-Benz and one Porsche – on-site throughout the Highland Village property. Mercedes-Benz of Jackson offers one of the largest inventories of Mercedes-Benz automobiles – including new and previously ...

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The election impact: How consumers are reacting

Americans have been anxious about the contentious presidential election, and when they get fretful, they tend to stop shopping. While government reports show overall spending has held up, some analysts say they’re seeing signs that shoppers are being cautious. A dip is normal before an election, but the question this year is whether the uncertainty could drag on after election ...

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Northpark Mall sold to California group

  By JACK WEATHERLY Northpark Mall, a fixture on County Line Road since 1984, has been sold by Simon Property Group to Pacific Retail Capital Partners of El Segundo, Calif. The 958,000-square-foot mall, which is on the Ridgeland side of the mile-long retail corridor, was bought along with The Galleria in White Plains, N.Y. and the Esplanade in Kenner, La., according ...

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Kroger expects to earn less this year on falling prices

Kroger’s profit in its second quarter fell nearly 12 percent as it made changes to its employee pensions. The supermarket operator also said Friday that it was hurt by falling prices of eggs, meats and other products, forcing it to lower its earnings guidance for the year. Shares of Kroger Co. slipped almost 2 percent before the stock market opened ...

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Best Buy to close store on County Line Road

Jack Weatherly The County Line Road retail corridor will lose another major retailer with the closing of the Best Buy store at 6374 Ridgewood Court in Jackson. The store will close at the end of business on Oct. 31, the Richfield, Minn.-based chain said Monday in a release. It opened in November 2000. The announcement comes on the heels of ...

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Madison approves plan for retail development

MBJ staff The Madison Board of Aldermen unanimously approved on Wednesday a plan for a 60-acre retail development called Grandview East. The development by Mattiace Properties will be in addition to the 207,000-square-foot Forum at Grandview, which was developed by Mattiace and CBL and was completed five years ago, according to release from the company. Grandview East will be on the east ...

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Vintage Highland Village gets a ‘lifestyle’ remake

By JACK WEATHERLY  Jimmy Fowler founded Highland Village in 1972 and for two generations it maintained its niche as a premier high-end shopping place in Jackson. “Curated,” is the term that Lou Masiello uses to describe how Fowler and his son-in-law, Guy Boyle, managed the center. The upscale center at the Northside Drive exit on Interstate 55 has kept its ...

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Tanger announces outlet mall plans in Miss.

SOUTHAVEN — Outlet mall operator Tanger is partnering Poag Shopping Centers on a development in Southaven. Southaven and DeSoto County officials several years ago approved a $15 million tax increment financing plan in which bonds will be issued to pay for the infrastructure for the outlet mall. In addition, the development has approval for $34 million in sales tax rebates ...

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