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Simon Property Group, Inc. (SPG)

NYSE - Nasdaq Real Time Price. Currency in USD
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144.96+2.12 (+1.48%)
At close: 4:00PM EDT
144.95 -0.01 (-0.01%)
After hours: 04:42PM EDT
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  • Motley Fool

    What Malls Closing on Thanksgiving Means for Retail

    On the one hand, many people like to shop on Thanksgiving because they have the day off. On the other hand, some shoppers firmly believe that Thanksgiving should be reserved for food, friends, and family -- not frantic purchases. At a time when foot traffic at malls is lacking, it's easy to bash Simon's decision to close for Thanksgiving.

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    These retail REITs will tumble along with the market, but they have proven resilient, and that means a downturn is a buying opportunity.