Ontario Mills, close to Los Angeles - California, will soon welcome some new stores.
H&M, J.Crew Factory Store and Shiekh Shoes are expected to open by the fall at Ontario Mills. With more 200 manufacturer and retail outlets, Ontario Mills has seen some closures of its stores as a result of the economy like the Steve and Barry's store and Virgin Megastore.
But Ontario Mills is not the only to know these problems. Indeed, in the first quarter of 2009, retail tenants at malls and shopping centers have vacated 8.7 million square feet of commercial space, according to a report by reis Inc., a New York based real estate research firm. This figure represents a percentage of 9.5%!
But the new additions are essential for Ontario Mills because consumers are always looking for value in their shopping. These brands are highly coveted in today's market and bring them to Ontario Mills is a very good solution for people seeking alternatives to tradional retails.