Simon Property Thrives With 6.4% Traffic Growth on Black Friday Weekend
Portfolio Pulse from
Simon Property Group (SPG) experienced a 6.4% increase in traffic over the Black Friday weekend, with mall traffic up by 7.1%. This indicates strong holiday momentum for the retail REIT.
December 03, 2024 | 2:00 pm
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Simon Property Group reported a 6.4% increase in traffic over the Black Friday weekend, with mall traffic up by 7.1%, indicating strong holiday momentum.
The increase in traffic during a key shopping period like Black Friday suggests strong consumer interest and potential for higher sales, which is positive for SPG's revenue and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100