Attracting over 40 million annual visitors, Mall of America® is the #1 shopping destination in the Minneapolis/St. Paul market for drawing shoppers with the highest household income, as well as the #1 retail & entertainment destination in the country. 2009 highlights Images courtesy of Eliza J & Hugo Boss During a continued “challenging” economic environment, Mall of America® continues to outperform the industry average: Traffic Sales +3.4% MOA ® ICSC (average) +1.5% -8.5% Total Mall Sales $968 million Sales per square foot $625 public relations $400 million in free publicity d i d yo u k n ow ? • Mall of America sustained consecutive sales increases in 2009 and 2008 (+2%) during a severe economic downturn • Total annual sales have increased $168 million over the past five years, targeting the more profitable demographics (HHI $250,000+ and $100,000+) • MOA generates 40 million annual visitors and is the number one tourist destination in the Midwest • Over 700 million have visited Mall of America since its doors opened in 1992 • MOA is the state’s most recognized landmark • On any given day, MOA becomes Minnesota’s third largest city in population growing the profitable demographics Image courtesy of Club Monaco Mall of America ® is growing the upscale demographics faster than t h e m a r k e t . • 78% of affluent shoppers choose Mall of America® to make their luxury purchases m i n n e a p o l i s / st . p a u l dma • 52% of affluent women with HHI $250,000+ in Minneapolis/ St. Paul shop MOA® • 49% of Minneapolis/St. Paul residents with HHI $100,000+ shop MOA • 62% of Minneapolis and St. Paul metro shoppers consider Mall of America to be their primary destination for mall-oriented shopping Average Household Income $75,460 (DMA) $82,364 (MSA) dma i n d e x Twin Cities USA MOA® Shoppers 3 months • 42% of non-residents choose Mall of America as their primary reason to visit the Twin Cities HHI under $35,000 27% 28% 11% $35,000-$49,999 14 18 9 • 92% of shoppers make a purchase at Mall of America $50,000-$74,999 21 18 18 • Metro area shoppers make an average of 7.2 trips to Mall of America over a three-month period of nearly 30 trips annually $75,000-$99,999 16 15 16 $100,000+ 22 21 46 • 95% of shoppers are aware of Mall of America advertising • Mall of America is perceived as “better” to “much better” by the majority of shoppers for having the newest stores, best special events, best entertainment and the best mall to take children • Mall of America continues to open new retail concepts, often exclusive to the marketplace, targeting the most profitable demographics Source: FutureBrand Research Sources: 2009 Gallup Syndicated Newspaper Study (Mpls. St. Paul), Scarborough Research Corp 2009 MSP CBSA south avenue renovation South Avenue @ Mall of America® will be transformed with a multi-million dollar renovation creating a renewed upscale environment. The refurbished avenue will include: • Botticino marble • Polished surfaces juxtaposed with matte finishes • Rich palette of light beige, cream and taupe • Opalescent silk ceiling panels • Custom designed floor pattern • Swarovski crystal chandeliers • Contemporary furnishings Mall of America has partnered with Gabellini Sheppard, a multidisciplinary and interior design firm based in New York City, to transform South Avenue into an upscale retail attraction. Michael Gabellini received the National Design Award in Interior Design from the Smithsonian Instituition’s Cooper-Hewitt National Design Museum in 2006. The firm has also won 18 awards from the American Institute of Architects, the Progressive Architecture Award and multiple awards from the Chicago Athenaeum Museum of Architecture & Design, Architectural Record, I.D. magazine, the International Interior Design Association and the Municipal Art Society of New York. M a ll of America® continu es to open new retail, often exclusive to the m a r k e t p l a c e, t a r geting the most profitable demographics. abercrombie Chanel Boutique @ Nordstrom J. Crew Solstice Sunglass Boutique Abercrombie & Fitch Chloe Boutique @ Nordstrom Janie and Jack Swarovski American Apparel Christian Audigier Lacoste American Girl Club Monaco L’Occitane Tag Heuer Boutique @ Bloomingdale’s Ann Taylor Coach Lush Apple Columbia Sportswear Co. MAC Cosmetics Banana Republic Monogram Collection Crave Restaurant Macy’s crewcuts by J. Crew Metropark Francesca’s Napa Valley Grille Gilly Hicks Sydney Nike Store Gucci Boutique @ Nordstrom Nordstrom Hanna Andersson Oakley Harry & David Papyrus Hollister Sephora Bare Escentuals Ben Bridge Jewelers Best Buy Bloomingdale’s Bose Burberry Puma Tiger Sushi Tommy Bahama True Religion Brand Jeans Tumi Urban Outfitters White House | Black Market Williams-Sonoma YSL Boutique @ Nordstrom opening 2010 Hugo Boss Jo Malone Boutique @ Nordstrom Betsey Johnson Images courtesy of Hugo Boss, Jo Malone, Betsey Johnson, Microsoft, lululemon athletica & 77kids co-tenancy Microsoft lululemon athletica 77kids Retail Traffic & sales Image courtesy of Tumi 2009 Traffic & Sales by Month Traffic 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% ry ua Jan br Fe ry ua h arc M il r Ap ay M e n Ju y l Ju t us g Au r be em pt Se r be cto O r be em ov N r be em ec D sa l e s 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% ry ua Jan ar ru b Fe y h arc M il r Ap ay M e n Ju y l Ju t us g Au r be Se em pt r be cto O r be em ov N r be em ec D U.s.a. visitor map Z IP C O D E A N A LY S I S Represents shoppers who made a purchase from across the USA during 2009. 1 5 stat e t r ad e a r e a Minnesota Kentucky Wisconsin Iowa Illinois Arkansas Ohio Kansas Michigan Nebraska Indiana South Dakota Tennessee North Dakota Missouri n e w t r ad e a r e a stat e s f o r 2 0 1 0 Colorado Pennsylvania Oklahoma Copyright © and (P) 1988–2006 Microsoft Corporation and/or its suppliers. All rights reserved. http://www.microsoft.com/mappoint/ Portions © 1990–2005 InstallShield Software Corporation. All rights reserved. Certain mapping and direction data © 2005 NAVTEQ. All rights reserved. The Data for areas of Canada includes information taken with permission from Canadian authorities, including: © Her Majesty the Queen in Right of Canada, © Queen’s Printer for Ontario. NAVTEQ and NAVTEQ ON BOARD are trademarks of NAVTEQ. © 2005 Tele Atlas North America, Inc. All rights reserved. Tele Atlas and Tele Atlas North America are trademarks of Tele Atlas, Inc. • About 35-40% of visitors to Mall of America® are tourists — people who live outside the 150-mile radius of Minneapolis/St. Paul • International tourists spend two-and-a-half times more than local residents • Mall of America offers over 70 travel packages from 34 countries on 5 continents represented on this map • 33 Bloomington hotels offer free shuttle service to and from Minneapolis/St. Paul International Airport and Mall of America KEY IN T ERN A T I O N A L M A RKE T S Canada Germany Japan Great Britain Scandinavia Latin America e m e r g i n g i n t e r n at i o n a l ma r k e ts China Brazil Korea tourism classic Ba n a n a R e p u b l i c B u r b e r ry Cha n e l b o u t i q u e @ n o r dst rom c lu b mo n a c o Coa c h Gucci boutique @ n o r dst rom H u go b oss J crew La c ost e so l st i c e s u n g l ass boutique Tag h e u e r b o u t i q u e @ b l oom i n gda l e ’ s Tumi Images courtesy of Hugo Boss trend am e r i c a n a p pa r e l B e ts e y J oh n so n C H RI S T I A N AU D I G IER g u e ss h&M lu c k y b r a n d j e a n s Lu lu l e mo n Ath l e t i c a m e t ro pa r k oa k l e y p u ma t ru e r e l i g i o n brand jeans u r b a n o u t f i tt e r s conscious Images courtesy of Nordstrom, Swatch, Betsey Johnson, Guess & True Religion Brand Jeans Av e da ma c c osm e t i c s bare escentuals No r dst rom B l oom i n gda l e ’ s origins J o M a l o n e Bo u t i q u e @ No r dst rom p rog r e ss i o n s sa l o n l’ o c c i ta n e s e p ho r a T h e b od y sho p lu sh beauty Images courtesy of Origins, L’Occitane, Jo Malone &Tommy Bahama wired apple M i c ro s o f t best buy See’s Candies bose S ta r b u c k s b ro o k s to n e s wa rov s k i g o d i va c h o c o l at i e r t e ava n a h a r ry & D av i d williams-sonoma Images courtesy of Tumi & Apple am e r i c a n g i r l b l oom i n gda l e ’ s c a rt e r ’ s c r e wc u ts b y j c r e w h&m ha n n a a n d e r sso n ja n i e a n d ja c k j u st i c e l e go n o r dst rom P. S . BY A ERO P O S TA LE 77 K i ds KIDS Images courtesy of crewcuts by J Crew, Hanna Andersson, American Girl, Janie and Jack & H&M local customer MOA® is the #1 shopping destination in the Minneapolis/St. Paul market for attracting shoppers with the highest household incomes. M a l l o f am e r i c a ® 6 m i l e r ad i u s MOA® Total Population 320,000 Total Households 136,502 Average Household Income $81,191 Adults 25-54 141,120 Source: 2009 Census Estimates M i n n e a p o l i s / S t . Pa u l M a r k e t M i n n e sota Median HHI* MOA® $ 78,669 % of shoppers $ 75,000 + 53.5 Age 45 -54 20.5 # of shoppers w/HHI $ 75,000 + 490,849 Scarborough Research Corp. 2008 MSP CBSA * Local shopper survey; does not include any international or tourist shoppers. demographics m i n n e a p o l i s / st . p a u l dma * Total Population 4,483,551 * Total Households 1,763,304 * Average Household Income $75,460 (DMA) $82,364 (MSA) * Adults 25-54 1,911,245 Sources: 2009 Census Estimates, Nielsen Media Research, 2009 SRDS, 2009 Scarborough, 2009 SQAD * Total Households * Median Household Income * Adults 25-54 * Children (Ages 0-17) * Total Population 2,741,771 * Total Households 1,138,688 * Median Household Income * Adults 25-54 * Children (Ages 0-17) 25,219,258 1,079,640 627,824 9,701,272 $50,471 10,437,468 6,156,348 * Total Population 54,329,556 * Total Households 23,417,393 * Median Household Income $46,858 * Adults 25-54 22,186,481 * Children (Ages 0-17) 12,907,843 Sources: 2009 Census Estimates Image courtesy of Tumi $47,160 f l y ma r k e t (500+ miles) d r i v e ma r k e t (150-500 miles) * Total Population da y t r i p ma r k e t (50-150 miles) Bi g S p e nde rs Areas That Acce sso rize Wh ere Be aut y R e ign s L ux e R ec a ll The nation’s top metro areas ranked by the highest percentages of women who make upscale purchases. The nation’s top metro areas ranked by the amount of money females spend, per capita, on jewelry and accessories. Top metropolitan statistical areas ranked by average annual household spending on personal care products. The top 10 stores ranked by brand awareness of high-end customers. 1. Chicago 1. Washington-Maryland-Virginia-West Virginia 1. Orange County, Calif. 2. Los Angeles-Long Beach, Calif. 2. Stamford-Norwalk, Conn. 2. Los Angeles-Long Beach, Calif. 3. New York City 3. Chicago 3. Seattle-Bellevue-Everett, Wash. 4. Washington 4. San Francisco 4. San Diego 5. Philadelphia 5. Philadelphia-New Jersey 5. Chicago 6. Orange County, Calif. 6. Nassau-Suffolk, New York 6. Washington D.C.-MD-VA-W.V. 7. Nassau-Suffolk, New York 7. San Jose, Calif. 7. Minneapolis-St. Paul, Minn. 8. Detroit 8. Boston-New Hampshire 8. Dallas 9. Minneapolis-St. Paul, Minn. 9. Detroit 9. Boston- New Hampshire 10. Oakland, Calif. 10. Minneapolis-St. Paul, Minn. 10. Nassau-Suffolk, New York Source: Buxton, a customer analytics firm based in Fort Worth, Tex. Originally published in WWD. Source: Buxton; Jewelry and Accessories is defined by Buxton as jewelry, hats, scarves, handbags, gloves, mittens, purses and handkerchiefs; Originally published in WWD. Source: Buxton, a retail research firm based in Ft. Worth, TX. Originally published in WWD. 1. Macy’s 2. Nordstrom 3. Neiman Marcus 4. Bloomingdale’s 5. Saks Fifth Avenue 6. Dillard’s 7. Lord & Taylor 8. Marshall Field’s 9. Barney’s New York 10. Bergdorf Goodman Source: Unity Marketing; Pam Danziger is also the author of “Let Them Eat Cake: Marketing Luxury to the Masses – As Well As The Classes”; Originally published in WWD. Image courtesy of Hugo Boss trending upward 74% of Mall of America® shoppers visit primarily and more often from the wealthier quadrants of the Minneapolis/St. Paul marketplace. 44% 11% 30% 15% metro visitors Copyright © and (P) 1988–2006 Microsoft Corporation and/or its suppliers. All rights reserved. http://www.microsoft.com/mappoint/ Portions © 1990–2005 InstallShield Software Corporation. All rights reserved. Certain mapping and direction data © 2005 NAVTEQ. All rights reserved. The Data for areas of Canada includes information taken with permission from Canadian authorities, including: © Her Majesty the Queen in Right of Canada, © Queen’s Printer for Ontario. NAVTEQ and NAVTEQ ON BOARD are trademarks of NAVTEQ. © 2005 Tele Atlas North America, Inc. All rights reserved. Tele Atlas and Tele Atlas North America are trademarks of Tele Atlas, Inc. Mall of America® draws a predominant number of shoppers from the majority of the 20 developing and more affluent suburbs of the Minneapolis/St. Paul market. new metro market Source: Metropolitan Council Research l e v e l 3 , so u th r e sta u r a n t d e v e l o p m e n t 2 0 0 9 r e sta u r a n t & f ood h i gh l i ghts Level 3, South, at Mall of America® has been transformed into an outdoor themed streetscape, South Street Dining, which includes: r e sta u r a n t ( avg . sa l e s p e r s q u a r e f oot ) : • patio seating • new flooring • natural rock • iron gate work • intimate lighting creating a one-of-a-kind outdoor dining ambiance, indoors! Mall of America Fine Dining $625 Themed Dining $602 Mall average (ICSC 2009) $443 f ood c o u r t ( avg . sa l e s p e r s q u a r e f oot ) : Mall of America Mall average (ICSC 2009) $1,302 $766 restaurant dining entertainment Nickelodeon Universe® – Nickelodeon,® the #1 entertainment brand for kids, and Mall of America®, the nation’s premier shopping destination, have joined forces to create a one-of-a-kind theme park Underwater Adventures® Aquarium – largest underground aquarium in the country LEGO® – more than 30 full size models including dinosaurs, astronauts and the world’s largest animated interactive LEGO® clock tower Theatres at Mall of America™ – the newly renovated theatres feature a unique blend of major motion pictures and independent films MagiQuest – enjoy an interactive world where dragons, goblins, pixies and princesses are part of the fun A.C.E.S. Flight Simulation – take control of flight simulators that are duplicates of those used to train pilots American Girl® – her favorite characters, plus outfits and accessories Silicon Motor Speedway – slide into the cockpit of a professional stock car & race up to 195 mph Build-A-Bear Workshop® – bring to life a stuffed animal friend for a “Pawsitively Fun Family Experience®” Moose Mountain Adventure Golf – 18 hole mini golf course with a whimsical north woods feel Rick Bronson’s House of Comedy – a new comedy club featuring the best comics in stand-up Butterfly Bay – walk amidst hundreds of butterflies while learning about earth friendly and energy saving activities The Flying Dutchman Ghostly Gangplank – the tallest Sky Trail® ropes course in the world, challenging guests to climb 56 feet above Nickelodeon Universe Amazing Mirror Maze – be amazed and challenged as you find your way through a 2,500 square foot maze of “endless” hallways local community/ business bloomington, Minnesota Hotels 37 Hotel Rooms 7800, more than Minneapolis & St. Paul combined Occupancy 10% above the national average projected Average Stay 2 nights (family traveler) 3 nights (business traveler) Future HotelsMall of America® 5 Bloomington Central Corridor 2 Businesses6,000 including Best Buy, United Properties, Health Partners, Toro, etc. Employees 90,000 m s p i n t e r n a t i o n a l a i rp o r t Ranking 12th largest in the US. 21st largest in the world Annual Passengers 35 million Three Hour Layover 5.2 million passengers Mall of America Tenants 520 Employees 12,000(15,000 seasonally) Images courtesy of Tommy Bahama & Tumi Triple Five is a multinational conglomerate, development and finance corporation with offices in major U.S. and Canadian cities. Triple Five’s wide-ranging experience is especially suited to creating successful mixed-use developments. Triple Five’s activities encompass the development, management and ownership of world-scale ventures in many fields: • shopping centers • tourism projects • office buildings • municipal planning and development • revitalization programs • urban entertainment destinations • recreation and amusement parks • hospitality projects • casino • residential developments • commercial and industrial real estate • auto and industrial manufacturing • natural resource development (oil, gas and minerals) • technology • research • venture capital • banking and finance Triple Five has developed, owns and manages the world’s first and second largest tourism, retail and entertainment complexes, the world-renowned West Edmonton Mall® in Canada and Mall of America® in the United States. These two projects attract over 60 million visitors annually. triple five leasing ma l l o f am e r i c a ® 2009 Total Mall Sales $968 million Sales Per Square Foot $625 Public Relations $400 million in free publicity c u stom e r b as e Local 60% Tourist 40% Locals spend an average of $113 per visit Tourists spend an average of $162 per visit International tourists spend 2 1⁄2 times more than local residents L e as i n g Gross Building Area 4.2 million square feet Gross Leasable Retail Space 2.5 million square feet Total Dept Store GLA 900,000 square feet Total Small Shop GLA 1.6 million square feet Tenants 520 Employees 12,000 (15,000 seasonally) Parking Spaces 12,550 Retail 79.2% Food & Beverage 5.2% Entertainment Based on square footage of stores 15.6% Image courtesy of Club Monaco