Simon shopping malls host well-known stores and brands such as Bath and Body Works, Gap, GNC, JCPenney, Lenscrafters and Old Navy, according to its website. The malls are run by Simon Property Group, a publicly-traded company that operates shopping malls and retail properties in North America, Europe and Asia.Continue Reading
As of 2015, Simon operates retail properties in 37 states and Puerto Rico. Among its famous malls are The Forum Shops at Caesar's Palace in Las Vegas, Nevada; the Sawgrass Mills in Sunrise, Florida; and Woodbury Common Premium Outlets in Central Valley, New York. Its global property portfolio includes 109 malls and 68 premium outlets, with properties in such countries as Australia, Canada, Italy, Japan, Malaysia and the United Kingdom, according to the company website.
Simon pioneered the mall experience since the 1960s by treating mall customers as a marketing audience and combining shopping and entertainment to launch shopping destinations. It also has a strong commitment to environmental sustainability by requiring all of its malls to recycle cardboard. Several locations have plastic film recycling programs. Many of its malls have charging stations for electric vehicles and host Tesla stations. In 2015, Fortune named the company the most admired real estate company for the sixth time.Learn more about Corporations