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Simon is helping shoppers fully discover and experience stores and products around them, driving traffic in-stores, on mobile devices, and online.
Simon Venture Group invests in seed to growth stage companies and focuses on a broad range of verticals, from in-store retail to ecommerce as the two merge into one to create an omni-channel retail experience, as well as new fashion brands and food and beverage brands.
Simon's research and development laboratory is always cooking up something new. We're internally testing various solutions to shoppers' and retailers' biggest challenges. If you're on the cutting edge of retail, let's talk.
INNOVATION IN ACTION AT SIMON
Learn More About What Simon Does To Be Innovative Day In & Day Out.
NEWS & EVENTS
NEW YORK, Oct. 31, 2016
Simon, a global leader in retail real estate, is rolling out new, interactive digital directories to nine centers in time for the busy Holiday season with a broader roll out planned for next year.
These enhanced, innovative digital directories incorporate the latest in digital wayfinding and interactive capabilities and are designed to provide shoppers with convenient access to what's going on at their favorite mall through an engaging new user interface.
TeamLab Future Park: The Future of Fun is Here
TeamLab Future Park focuses on promoting collaborative experiences for children through creativity and play. Guests can explore a digital playground through seven different living “works,” which use technology to nurture individual creative freedom within cooperative environments. With hands-on participation as the foundation of each work, children are encouraged to engage with each other and with the art itself to create a combined visual masterwork as part of a larger team. The seven immersive works include Sketch Aquarium, Create! Hopscotch for Geniuses, Sketch Town, Sketch Town Papercraft, A Table Where Little People Live, Light Ball Orchestra, and Connecting! Train Block.
Engagement was at Mall of Georgia until July 31, 2016.
Think Before You Click: Does Shopping Behavior Impact Sustainability?
Study shows that shopping at a mall can be seven percent more sustainable than online shopping
Simon Property Group released a white paper that contains the results of a study of the environmental impacts of online versus physical shopping behaviors. The study, conducted by Deloitte Consulting, shows that shopping at a mall has a seven percent smaller environmental impact than online shopping. The white paper – Does Shopping Behavior Impact Sustainability? - uses shopping data that represents customer behaviors for mall and online shopping and concludes that brick-and-mortar shopping represents a better sustainability performance over online shopping.
Download full report here.
'Death of Pureplay' Report Reveals Online-Only Retail Strategy Challenging and Ultimately Unsustainable
An L2 report released titled "Death of Pureplay Retail" finds that online-only retailers – referred to as 'pureplay retailers' – are disadvantaged by the high cost of marketing and shipping, making their business model challenging and ultimately unsustainable in the long-term. By contrast, the report finds that online retailers leveraging physical store locations - called 'evolved retailers'- drive higher organic site traffic and lower customer acquisition costs while elevating brand awareness across multiple channels.
Download full report here.
Simon and Neiman Marcus Collaborate On First-Ever Fantasy Gift Public Display
Simon, a global leader in retail real estate, revealed the first-ever Neiman Marcus' 2015 Fantasy Gifts public installation at Roosevelt Field. This collaboration brought five of Neiman Marcus' uniquely curated and inspiring holiday gifts straight to shoppers throughout the season.
Simon Expanding its Deployment of Sensity System's NetSense Light Sensory Network
“We are constantly seeking out and deploying relevant, leading-edge technologies that can enhance the Simon shopping experience,” said Tim Earnest, executive VP, Simon Malls. “The Sensity NetSense solution fits into our overarching sustainability strategy while also providing unique ways to deliver additional value to our customers and retailers.”
Simon Launches Lifestyle-Focused Digital Platform 'Simon SAID'
The new online lifestyle destination for the style conscious features editorial content on the best in fashion, beauty, design, culture and food that links back to offerings available at Simon centers nationwide.
Simon Venture Group Invests in SmarterHQ
Simon Venture Group led SmarterHQ's $8M round, co-investing with Battery Ventures, and angels such as Scott Booth. SmarterHQ applys technology to improve the omnichannel marketing efforts of retailers by leveraging real time predictive modeling, personalization and optimization.
Simon Venture Group Invests in Sensity Systems
Sensity closed $36M, led by Cisco, GE, Acuity and Simon Venture Group. “Sensity becomes the foundational platform across Simon’s properties, and you can overlay that with beacon ad networks, parking tech, security tech and other types of data analytics,” said Sky Fernandes, who oversees Simon Venture Group, the company’s investment arm.
Simon Names Winners of Inaugural Simon Launch Competition
Congrats to Simon Launch Class 1 Winners:
SKU IQ: A technology that syncs real-time inventory across in-store point of sale systems, warehouse management systems, and e-commerce platforms and marketplaces.
Simon and Refinery29 Elevate the Millenial Shopping Experience with Style Festival
This is the second year of collaboration between the two brands, which launched their partnership in Fall 2014 with The Shopping Block.
Style Festival will highlight the joy of fashion, discovery, and community, bringing Refinery29 - the leading lifestyle digital media company for millennial women - to life in the world of retail, and giving mall shoppers new ways to shop major brands alongside local, emerging designers.
Simon Opening NRG EVgo Electric Charging Stations at Four Premier Washington Shopping Destinations
Electric Vehicle (EV) drivers are now able to plug in and charge their cars while they shop or grab a bite at four of Western Washington's premier retail destinations: Northgate Mall, Tacoma Mall, Seattle Premium Outlets and North Bend Premium Outlets.
"Simon is committed to providing sustainable amenities for our customers and the opening of multiple EV charging stations is a great example of that," said Mona Benisi, Senior Director of Sustainability for Simon. "The locations of our shopping centers across the U.S. mean that Simon is ideally positioned to contribute to the development of a national infrastructure for electric vehicle charging stations, and also advances the company's sustainability efforts."
Finalists Named in Meet the Disruptors Retail Tech Compeition at SXSW
Top 10 Retail Tech Finalists Announced for SXSW Future of Retail Startup Competition.
Finalists: Alive Shoes, BlueFox, Mack, MemoMi, Pixlee, Trendalytics, Trustev, Tulip Retail, Two Tap, Xyze
$5,000 Judged Vote Winner: Trustev
$1,000 Audience Vote Winner: Pixlee
Jonathan Shieber, Editor at TechCrunch
Josh Goldman, Norwest Venture Partners
J. Skyler Fernandes, Managing Director, Simon Venture Group
Christa Allen, AVP, Consumer Branding and Events, Simon
Simon, Glamour, And GQ Bring Back "LOOKBOOK Live": The Ultimate Multi-Platform Fashion Experience for Consumers
LOOKBOOK Live, a joint fashion program in collaboration with Glamour and GQ magazines, that includes print, digital, social media, and live events, returns for spring and fall 2015.
Kicking off with an eight-page "lookbook" in the April and September issues of Glamour and GQ, LOOKBOOK Live translates the hottest fashion trends from the runway into real life and shares where to shop the trends at Simon malls and Premium Outlets nationwide.
The program's social component encourages readers to send a photo of their favorite looks using #foundatsimon and #gqglamourcontestentry for the opportunity to win a $2,500 shopping spree at a Simon mall.
Hosted in spring and fall 2015, the LOOKBOOK Live Event Series will bring the program's print and digital content to life at eight Simon locations across the United States.
Simon Venture Group Invests In Le Tote
Le Tote, the “Netflix for clothing” startup that rents out apparel and accessories for women to wear and return, has snapped up a hearty new Series A funding round worth $8.8 million led by Azure Capital Partners, and included Lerer Hippeau Ventures, Simon Venture Group, AITV, Epic Ventures, Arsenal Venture Partners and Funders Club.
Local Shopper Wins Big With Simon Rewards® at Ross Park Mall
Eugene C. of Gibsonia, Pennsylvania won the 2014 Simon Rewards Grand Prize: a three-year lease for a Mercedes-Benz CLA 250. He earned Simon Rewards® points for his shopping at Ross Park Mall in Pittsburgh, PA.
Simon And eBay Inc. Launch 'Connected Mall' At Stanford Shopping Center
Simon and eBay Inc launched the 'Connected Mall' experience during the 2014 holiday season at Stanford Shopping Center in Palo Alto, California.
The immersive mall experience begins with a smart directory, developed by eBay Inc. exclusively for the Simon Innovation Group, that elevates the shopping experience by providing consumers with a suite of services, including point-to-point navigation and personalized offers and deals.
This Holiday Season, Maybe We Should Call Them "Mallennials"
Countering the conventional wisdom that the younger generation all but lives and shops exclusively online, the "2014 Holiday Shopping Behavior Survey" from Simon suggested that the mall is where millennials plan to do their holiday shopping.
"As today's technology-savvy millennials clearly know, there's just no substitute for the inspiration and sense of discovery that malls provide," said Mikael Thygesen, Chief Marketing Officer for Simon. "The wide variety of shopping options is a major mall attraction as they search for that perfect gift for family members, friends and co-workers."
Simon actively promotes the Ziploop mobile shopping app across all Simon shopping centers in the U.S.
Ziploop provides shoppers with an effortless way to organize their shopping activities across all devices, at home or on the go. The app clears purses and wallets of paper, cards, coupons and certificates and stores them all neatly on your mobile device, tablet or desktop.
Simon Property Group Recognized For Leadership In Sustainability And Reporting Transparency By CDP And GRESB
Simon was recognized by the CDP as a leader among S&P 500 companies, with a total score of 98A, for the depth and quality of climate change data it disclosed to investors and the global marketplace. This is the sixth year that Simon has been listed on CDP's Climate Disclosure Leadership Index. The company has also been included on CDP's Climate Disclosure Performance Index, reaching the top 'Band A' performance level. This highlights the positive actions taken by Simon in the areas of measuring, verifying and managing its carbon footprint.
In addition, Simon received a "Green Star" rating, the highest designation by GRESB, and was awarded a total score of 59, a year over year gain of 16 points.
Simon Launch - Retail Tech Startup Competition & Accelerator
Simon Launch is a retail startup competition aimed at discovering, investing in, and accelerating the top startups in the retail industry. Simon will be co-investing in the competition's winners through its recently formed venture capital arm, Simon Venture Group, in collaboration with Plug and Play. Simon will also become an Anchor Member of Plug and Play's Retail Accelerator program.
Simon and NRG eVgo Celebrate National Drive Electric Week with Charging Stations Opening in Northern California
Electric Vehicle (EV) drivers are now able to plug in and charge their cars while they shop or grab a bite at four of Northern California'spremier retail destinations: Vacaville Premium Outlets,Livermore Premium Outlets, Great Mall and Petaluma Village Premium Outlets.
"As we observe National Drive Electric Week it's particularly appropriate to be adding to our growing network of state-of-the-art electric vehicle charging stations at our shopping centers inNorthern California," said Mark Silvestri, Chief Operating Officer for Simon Premium Outlets. "Installing charging stations at popular destinations shows our commitment to delivering a more sustainable shopping experience that is also convenient for our customers."
Simon and Refinery29 Collaborated to Modernize Millennials' Shopping Experience
The first-ever collaboration between the fashion and retail powerhouses brought Refinery29 into the physical world of retail at six premier Simon shopping centers across the U.S. The Shopping Block provided a variety of features that appeal to the millennial audience, including:
Simon And Blackhawk Network Expand Relationship With Enhanced Visa Simon Giftcard®
Simon teamed up with prepaid and payments provider Blackhawk Network to offer an enhanced Visa Simon Giftcard® at select Simon malls, Premium Outlets® and Mills, and online at simongiftcard.com.
For the first time, the Simon Giftcard® will also be made available outside of Simon centers through Blackhawk's participating network of grocery stores and other third-party locations.
Simon And Mobiquity Networks To Expand iBeacon Network Nationwide
Simon's deployment of Mobiquity's Mobi-Beacon network exapnded to 200+ properties providing a unique, opt-in opportunity for customers to engage with retailers, brands and mall apps for timely and contextually-relevant personalized offers, information and real-time experiences.
"We are constantly seeking ways to enhance the Simon shopping experience through relevant, leading-edge technology," said Mikael Thygesen, Chief Marketing Officer of Simon. "We are pleased to help facilitate the growing adoption of iBeacon technology and believe it is an important new initiative that will provide Simon, its retailers and brands with interesting, new ways to reach and communicate with shoppers who choose to opt in to the program."
Simon and elevate DIGITAL to Launch Interactive Digital Concierge Network in U.S. Shopping Centers
elevate DIGITAL's interactive technology displays will provide Simon's mall visitors with a virtual way-finding experience to help them navigate the mall, find deals, events, promotions and also take relevant information with them on a mobile device. Shoppers can easily engage with the digital concierge app to sign up for news and updates, take and share fun photos, interact with advertising, download mobile apps, RSVP for events and much more.
"Enhancing the shopping experience of our visitors through accessible, easy to use technology is a top priority for Simon," said Mikael Thygesen, Chief Marketing Officer of Simon. "Offering a digital concierge through elevate DIGITAL's interactive display solution increases the level of service to our customers and seamlessly integrates on-mall and personal technology into their journey of discovery at our centers."
Simon and NRG eVgo Opening Electric Vehicle Charging Stations Throughout Orange County
Electric Vehicle (EV) drivers can plug in and charge their cars while they shop or grab a bite at four Orange County Simon shopping centers: The Shops at Mission Viejo, Brea Mall, Westminster Mall and The Outlets at Orange.
"Adding charging stations to popular destinations such as The Shops at Mission Viejo,Brea Mall, Westminster Mall and The Outlets at Orange illustrates the many opportunities we have as a company to incorporate sustainable practices into our day-to-day operations," said Ron Hanson, Vice President of Operational Efficiency for Simon.
Simon Launches Simon Rewards®
Simon Rewards® is a unique loyalty program that invites guests to earn points for shopping, dining and visiting the mall, which can then be redeemed for chances to win a variety of prizes, including gift cards, electronics, vacations and even a luxury car. As shoppers accumulate points, they are also eligible for perks including exclusive offers and access to reserved parking.
The program is currently offered at 12 Simon properties in Georgia, Illinois, New York and Pennsylvania.
Shoppers can sign up for free at a Simon Rewards® kiosk at any of the participating malls or by downloading the Simon Rewards® app on an Apple iOS or Android device.
Simon Builds Connection to Consumers Through Comprehensive Brand Re-Launch and Marketing Program
"We are excited to launch a fresh, aspirational consumer-facing brand that reinforces our customers' experiences of fashion, discovery and community," said Mikael Thygesen, Chief Marketing Officer of Simon. "Retailers and other tenants stand to realize significant benefits from Simon's enhanced ability to access the most comprehensive and global base of consumers in the retail industry."
The brand re-launch is a part of a comprehensive strategy evolving the mall experience to include new programs and events targeted to specific customers, plus upgrades to customer service and amenities. As retailers increasingly pursue omni-channel strategies, Simon is supporting omni-channel retailing in many ways including technologies that enable shopping and gifting activities and provide same-day delivery solutions. In addition, Simon is investing approximately $1 billion per year in redevelopment projects across some of its most popular and high-quality centers to further enhance the shopping environment. With an increasingly robust mix including luxury retailers and fine dining restaurants, these properties will become even more compelling retail and entertainment destinations.
Simon Annouces Simon Venture Group
Simon Property Group, Inc. (NYSE:SPG), a global leader in retail real estate, announced the launch of a new, dedicated Simon Venture Group. This new business will invest in retail innovation, focusing on opportunities that enhance the shopping experience.
Simon Invests in Same Day Delivery Startup Deliv
Deliv partners with mall operators and national multichannel retailers to provide a low-cost, high quality, same-day delivery service via its quality-controlled fleet of crowdsourced drivers.
By partnering directly with retailers, the Deliv "same-day delivery" button becomes a native part of the checkout screen, keeping the direct relationship between the retailer and the consumer. The Deliv platform incorporates smart routing and full transparency, including the ability for consumers to watch their delivery on a map real time from pick up to their doorstep.