INDIANAPOLIS, Nov. 16,
2022 /PRNewswire/ -- Simon® is
pleased to announce that Leap, the retail platform for modern
brands will open multiple stores at Simon properties. Both Simon
and Leap are passionate about helping brands, many of them
digitally native, strategically expand as omni-channel retailers.
To start, Simon and Leap are planning to open four stores between
California and Florida: True Classic Tees in Los Angeles' Del Amo Fashion
Center® and ThirdLove, Sugarfina and Goodlife in
Florida's Town Center at
Boca Raton®.
"We are excited to work with Leap to help introduce growing
brands to the value of brick-and-mortar retail. This is a pivotal
time where stores are top of mind with nearly every brand growing
in the U.S., and with the speed and nimbleness of the LEAP model,
the expansion process has been streamlined immensely. It is our
hope that by working together we will continue to both incubate
brands through the LEAP platform as well as help them expand
throughout our portfolio where they can reach hundreds of millions
of their target consumers annually," said Zachary Beloff, Vice President of Leasing at
Simon.
"We're thrilled to be expanding our footprint with Simon. The
team invested in our Series B raise, and now, we're pooling our
competitive advantages and data-driven approach to deploy the next
generation of brands in prime shopping centers across the country.
This collaboration, in addition to opening physical stores, is also
enabling brands to rapidly build and scale an omni-channel retail
presence," said Amish Tolia, Co-Founder and Co-CEO at Leap.
Simon & Leap bring years of experience to the table to help
brands select top, data-driven locations for their business. This
level of expertise and collaboration is both unprecedented and
invaluable, as retailers recognize the need to be omni-channel
and look to open brick-and-mortar locations around the country.
"Our retail expansion wouldn't be possible without the Leap
platform, so the fact that Leap is working with Simon makes us even
more excited for the future of our brand," said Andrew Codispoti, Co-CEO at Goodlife.
Today, Simon operates or has an ownership interest in more than
250 premier retail destinations around the world and Leap is
powering 60 brands across nearly 100 stores.
About
Simon:
Simon® is
a real estate investment trust engaged in the ownership of premier
shopping, dining, entertainment and mixed- use destinations and an
S&P 100 company (Simon Property Group, NYSE: SPG).
Our properties across North
America, Europe and Asia provide community
gathering places for millions of people every day and generate
billions in annual sales.
About Leap:
Leap is building the
world's largest network of branded retail stores – powered by data,
technology, and scale. Leap's platform enables brands to deploy
stores that work in concert with ecommerce more rapidly and at
significantly reduced cost and risk. Brand stores powered by Leap
bring modern brands to life with compelling, immersive customer
experience and operations driven and informed by millions of data
points. Learn more about Leap's platform, and brand stores powered
by Leap, at
http://leapinc.com.
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SOURCE Simon