General Growth Properties, Inc. (NYSE:GGP) today announced they will extend mall hours during the holidays, with most of their 210 shopping centers opening between 7am and 9am throughout the season. The change stems from extensive research and a desire to stay competitive in today�s ever-changing marketplace. In a recent General Growth survey(1), key findings reveal: -- During the holiday season, 83 percent of consumers would like to see longer hours during the weekday. � -- The majority of respondents would like extended weekend hours during the holiday season. -- Open early: Saturday, 87 percent / Sunday, 58 percent. -- Close later: Saturday, 61 percent / Sunday, 67 percent. � -- Sixty-five percent of consumers want extended mall hours throughout the year. �Providing extended hours, especially during key shopping periods, is another amenity for our shoppers,� said John Bucksbaum, chief executive officer of General Growth Properties, Inc. �We are committed to providing our customers with what they want and when they want it. They have been asking for expanded hours to help them shop at times that are more convenient given their busy lifestyles. Opening early or staying open later an additional two or three hours per day on the weekends means a great deal to time-strapped consumers.� New mall hours are as follows: ALL General Growth malls will open at 6AM the day after Thanksgiving. For the�remainder of the holiday season, November 24 - December 24,�most GGP malls will open between 7am and 9am and close at 10pm. Hours on Fridays and Saturdays are permanently extended at all GGP malls beginning Friday, December 29. Fridays: 8am-10pm; Saturdays: 10am�10pm. General Growth Properties is the second largest U.S.-based publicly traded Real Estate Investment Trust (REIT). General Growth currently has an ownership interest in or management responsibility for a portfolio of more than 200 shopping malls in 44 states, as well as ownership in planned community developments and commercial office buildings. The portfolio totals approximately 200 million square feet of retail space and includes more than 24,000 retail stores nationwide. General Growth Properties, Inc. is listed on the New York Stock Exchange under the symbol GGP. For more information, please visit the Company Web site at http://www.generalgrowth.com. (1) General Growth Properties Inc. Consumer Research Department conducted a survey with more than 2,000 shoppers in 2005/2006. The survey has a margin of error of � 3 percent. General Growth Properties, Inc. (NYSE:GGP) today announced they will extend mall hours during the holidays, with most of their 210 shopping centers opening between 7am and 9am throughout the season. The change stems from extensive research and a desire to stay competitive in today's ever-changing marketplace. In a recent General Growth survey(1), key findings reveal: -0- *T -- During the holiday season, 83 percent of consumers would like to see longer hours during the weekday. -- The majority of respondents would like extended weekend hours during the holiday season. -- Open early: Saturday, 87 percent / Sunday, 58 percent. -- Close later: Saturday, 61 percent / Sunday, 67 percent. -- Sixty-five percent of consumers want extended mall hours throughout the year. *T "Providing extended hours, especially during key shopping periods, is another amenity for our shoppers," said John Bucksbaum, chief executive officer of General Growth Properties, Inc. "We are committed to providing our customers with what they want and when they want it. They have been asking for expanded hours to help them shop at times that are more convenient given their busy lifestyles. Opening early or staying open later an additional two or three hours per day on the weekends means a great deal to time-strapped consumers." New mall hours are as follows: -- ALL General Growth malls will open at 6AM the day after Thanksgiving. -- For the remainder of the holiday season, November 24 - December 24, most GGP malls will open between 7am and 9am and close at 10pm. -- Hours on Fridays and Saturdays are permanently extended at all GGP malls beginning Friday, December 29. Fridays: 8am-10pm; Saturdays: 10am--10pm. General Growth Properties is the second largest U.S.-based publicly traded Real Estate Investment Trust (REIT). General Growth currently has an ownership interest in or management responsibility for a portfolio of more than 200 shopping malls in 44 states, as well as ownership in planned community developments and commercial office buildings. The portfolio totals approximately 200 million square feet of retail space and includes more than 24,000 retail stores nationwide. General Growth Properties, Inc. is listed on the New York Stock Exchange under the symbol GGP. For more information, please visit the Company Web site at http://www.generalgrowth.com. (1) General Growth Properties Inc. Consumer Research Department conducted a survey with more than 2,000 shoppers in 2005/2006. The survey has a margin of error of +/- 3 percent.
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