Pop Mart sells $15 toys. Its margin is closer to Coach than Costco.
Pop Mart 70%. Coach 80%. lululemon 54%. Miniso 43%. Costco 11%. The price tag doesn't predict the economics, and the accounting tells part of the rent story.
Primark is opening at Mall of America. Growth is moving into space that already works.
Primark sets September 3 at Mall of America. NEPI Rockcastle pays €252 million for a Bilbao destination, its first move beyond CEE. Simon turns $18 million of returned rent into $44 million. Growth is running through space that already exists.
SKIMS took Ted Baker's flagship. Next tripled its Bluewater store.
Next tripled its Bluewater store. SKIMS moved into Ted Baker's Regent Street flagship. Lefties is preparing three UK mall openings. Large-format space is moving to new operators.
Barnes & Noble is opening 60 stores. It is selling time, not just books.
The new Atlanta store has a café, books, games and magazines. Disney is running weekly drops in Brisbane. Retailers are building reasons to stay and reasons to return.
Moncler is building its largest flagship on Fifth Avenue. Hermès is opening in a Chicago suburb.
North America led global luxury store openings in 2025. The 2026 pipeline shows brands going bigger in New York and reaching into new wealth markets at the same time.
Retailers want more stores. The right boxes are already taken.
UK retail parks have less than one year of supply. Aldi opened below street level in Midtown Manhattan. T&T and Primark are taking former department-store space. Suitable space is becoming the constraint.
One in four online orders now runs through a physical store.
Bed Bath & Beyond just reopened in Fort Worth without owning a store. Ariat is opening its largest store ever in a Minnesota mall. Macerich paid for a pipeline.
Half of all Cartier, Chanel, and Hermès stores in America fit inside 38 malls.
South Coast Plaza holds 23 of them. Bal Harbour holds 20. Miami Design District holds 23. Three properties anchor more luxury retail than 1,000 American malls combined.
Rivian just signed a lease next to Porsche. That is not a coincidence.
Polestar grew retail 50% in twelve months. Lucid sits inside Short Hills and Scottsdale. Tesla signed 10-year mall leases. A new anchor category is taking shape in Class A malls.
