25 Quotes by Patrice Duker

Easter is the third-biggest seasonal driver for retailers in malls. The Christmas season November and December accounted for 25 percent of their sales last year. The beginning of summer May and June accounted for 15. 4 percent of total sales last year. Then came March and April, accounting for 12 percent of sales.

These stores want to make sure they have a core of customers available in a city before they open. The stores look at median household incomes. If the median income is $80,000 or more, they will probably locate there. If it is $30,000 or less, then it gets tough.

Department stores will always have a place in enclosed malls. You won't have 40 or 50 vying to be in that space, but they are out there and they are looking.

An open store is a (financial) liability. They still have to pay taxes on it.

You're probably not looking at years, either, but more like six months to a year, on the high end.

You really notice it during the holiday season, when retailers open earlier and stay open later.

This gentleman is thinking what 'outside the box' could be. He's pushing it to the next level. But will it work? We'll just have to wait and see. It's ultimately the consumer who decides.

They (teens) are an important market and they're not going away anytime soon.

Almost every decade has its development of choice. This decade it's the lifestyle center.