Taubman Centers, Inc. announced that it has opened 100 percent of its shopping centers in the U.S. and Asia. The company said most U.S. shopping centers have reopened gradually using enhanced safety protocols, in compliance with all local, state and federal laws.
“Nearly 85 percent of stores in our portfolio have reopened, with more opening every day,” said the company’s Chairman, President and CEO Robert S. Taubman. “We are pleased to safely welcome customers back, and we are encouraged by the results we are seeing.”
In addition to the company’s 21 centers in major markets across the U.S., the company’s three Asia shopping centers – CityOn.Xi’an (Xi’an, China), CityOn.Zhengzhou (Zhengzhou, Henan, China) and Starfield Hanam (Hanam, South Korea) have been open and operating since the end of February. Taken together, about 95 percent of stores in Asia have reopened and comparable sales per square foot are approaching 2019 levels.
“We were encouraged by the quick rebound of our centers in Asia, and are seeing very positive progress in the U.S.,” said Mr. Taubman.