CBL Properties and MINISO Partner to Expand Its U.S. Presence to Thirteen CBL Malls
March 21 2024 - 10:00AM
Business Wire
Today CBL Properties (NYSE:CBL) announced it has executed
multiple deals with global lifestyle retailer MINISO, expanding the
brand’s presence to a dozen new markets in the United States. The
first wave of store openings started in November 2023 at Valley
View Mall in Roanoke, Virginia, and Hanes Mall in Winston-Salem,
North Carolina, followed by the January 2024 opening at Coastal
Grand Mall in Myrtle Beach, South Carolina. Throughout the rest of
2024, stores will open at CoolSprings Galleria (Nashville, TN),
Hamilton Place (Chattanooga, TN), West County Center and South
County Center (St. Louis, MO), Parkway Place (Huntsville, AL), Post
Oak Mall (Waco, TX), Fayette Mall (Lexington, KY), Westmoreland
Mall (Greensburg, PA), Oak Park Mall (Overland Park, KS), and
Kirkwood Mall (Bismarck, ND).
“We are thrilled to work with MINISO to add to their U.S. store
fleet at CBL properties across the south, east coast, and Midwest,”
said Stephen Lebovitz, chief executive officer, CBL Properties.
“MINISO is an innovative retailer catering to a generation of
customers who over the last few years have shown a preference for
shopping at malls. These stores are becoming a destination for
visitors to our properties and complement the dynamic mix of
retailers, restaurants, and entertainment they already offer.”
In addition to MINISO, CBL is working with several brands that
are working to expand their mall-based presence including Five
Below, Aerie, Garage, and many others.
About MINISO
MINISO Group is a global lifestyle retailer offering a variety
of design-led lifestyle products. The Company serves consumers
primarily through its large network of MINISO stores, and promotes
a relaxing, treasure-hunting and engaging shopping experience full
of delightful surprises that appeals to all demographics.
Aesthetically pleasing design, quality and affordability are at the
core of every product in MINISO's wide product portfolio, and the
Company continually and frequently rolls out products with these
qualities. Since the opening of its first store in China in 2013,
the Company has built its flagship brand "MINISO" as a globally
recognized retail brand and established a massive store network
worldwide.
About CBL Properties
Headquartered in Chattanooga, TN, CBL Properties owns and
manages a national portfolio of market-dominant properties located
in dynamic and growing communities. CBL’s owned and managed
portfolio is comprised of 94 properties totaling 58.5 million
square feet across 22 states, including 56 high-quality enclosed
malls, outlet centers and lifestyle retail centers as well as more
than 30 open-air centers and other assets. CBL seeks to
continuously strengthen its company and portfolio through active
management, aggressive leasing and profitable reinvestment in its
properties. For more information visit cblproperties.com.
CBL_Corp
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version on businesswire.com: https://www.businesswire.com/news/home/20240321660064/en/
Investor Contact: Katie Reinsmidt, Executive Vice President
& Chief Operating Officer, 423.490.8301,
Katie.Reinsmidt@cblproperties.com Media Contact: Stacey Keating,
Vice President– Corporate Communications, 423.490.8361,
Stacey.Keating@cblproperties.com
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