CBL’s progress and stability

By Geert De Lombaerde Posted on November 4, 2009 at 7:57 am

The boss of Chattanooga-based mall operator CBL — which runs three of the Nashville area’s largest shopping hubs — says he’s encouraged by “improving trends.” Occupancy rates rose by at least one percentage point in every one of the company’s categories, but shoppers appear to be giving smaller operators an especially hard time: Same-store sales for tenants occupying less than 10,000 square feet fell more than 6 percent from a year ago.

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Tags: CBL & Associates Inc., consumer spending, earnings reports, retail, retail real estate  

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