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A from U.S. News World Report magazine used data from to identify malls where the retail business remains healthy despiterthe recession. The report used data including occupancy rates and qualityg grades for about 650 of the biggest shopping centers inthe U.S. Ala Moanqa has an estimated occupancy rate of95 percent, with $1,12 5 in sales per squarre foot. The center has annual sale of morethan $1 billion, accordinh to the report, which “This upscale shopping mecca near Waikiki is a gold mine.
” It was noter that while other malls are having a hard time stayingg full, Ala Moana addes a new wing with 30 more Other profitable malls listed in the report are Fashionn Valley Mall in San Forum Shops at Caesars in Las Vegas, Westfieldf Garden State Plaza and The Mall at Short Hills, both in New and the Mall at Millenia in Orlando, Fla. The report showex that the most profitablemalls don’t rely on but instead feature stores with strong branrd identity such as Apple and Abercrombie & The best malls are located in densely populate areas or tourist as Ala Moana is, just blocks away from Waikikui Beach. Ala Moana’s owner, , filed for Chapter 11 bankruptcyin April.
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