June 21, 2016

Partner Ron Friedman was quoted by the Los Angeles Times in a story about trends in retail malls to meet the demands of today's online-savvy shoppers.

Los Angeles Times

By Hugo Martin

Featured Ronald Friedman, Partner, Assurance

Related Industry Retail & Consumer Products

Partner Ron Friedman was quoted by the Los Angeles Times in a story about trends in retail malls to meet the demands of today's online-savvy shoppers.

Excerpt:

Hoping to draw big spenders and compete with high-end malls, Universal Studios has announced plans for the first major face-lift of its shopping and dining district in more than 15 years


The focus of the overhaul at CityWalk is to cut back on the low-priced souvenir shops that appeal to tourists and instead add more high-end retail outlets and restaurants that will draw well-heeled locals and millennials as well as upper-income tourists.

Ron Friedman, a retail expert at consulting and accounting firm Marcum, agreed, saying that traditional malls are dying because more young people shop online. Today, locals and tourists are looking for a central place to congregate with good restaurants and cafes.

“More restaurants, more places for people to drop in and schmooze and enjoy themselves, that’s the future,” Friedman said.

Click here to read full article on www.latimes.com >>

Featured

Ronald  Friedman

Ronald Friedman

Partner

  • Assurance
  • Los Angeles, CA