General Growth Properties Provides Customers More Time to Shop This Holiday Season
November 03 2006 - 3:42PM
Business Wire
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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