Simon stressed that most of the closures, like those by LizClaiborne and Talbots, are mainly due to the shutting down of aspin-off concept that isn't working, though he acknowledged theclosing down of all US Bombay Co. stores and Ann Taylor's paringback of 117 units.
He also said that chains like J. Crew and Abercrombie &Fitch have inquired about future vacancies in their expansionefforts. Said President and COO Richard Sokolov: "There are severalretailers that really look at this as an opportunity."
Problems in the economy don't seem to have greatly impactedSimon. The company's FOO rose 12.7% from last year's fourthquarter, hitting $507.7 million, while sales per-sf in its regionalmalls was up 3.2%, to $491.
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