Kimco Realty CEO details how shopping centers are changing: 'It's all about services'
In a Monday interview with CNBC's Jim Cramer, Kimco Realty CEO Conor Flynn described the changing business environment at shopping centers, saying "it's all about services" rather than just traditional retail storefronts."Services is all about in person, all about the e-commerce resistant type use, and that's what's driving vacancy rates to all-time lows," he said, adding that service businesses are often related to health and wellness, like urgent care and veterinary facilities.There's more demand for shop ...