The number of lifestyle centers has quickly accelerated, from just 30 in 2002 to 120 at the end of 2004. Between 10 to 20 new centers are slated to open each year for the next two years. By contrast, only eight new regional malls are expected to open by 2006, according to ICSC.
Lifestyle centers are a boutique shopping concept, according to Malachy Kavanagh, a spokesman for the International Council of Shopping Centers (ICSC). They are typically located near affluent residential neighborhoods, and feature fancy stores aimed at well-to-do consumers.
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Malls had become “the new Main Streets of America,” as William Kowinski wrote in his 1985 book The Malling of America. Indeed, legal cases throughout the decade tested the argument that malls should not be seen as private spaces because so much public life happened there. (The courts didn’t always agree.)
Lifestyle International sees most of its revenue from brick-and-mortar stores, which comprise of 63 Lifestyle stores. The retail chain is already established in 1 tier cities, and plans to develop stores in 2/3-tier cities such as Nagpur, Jaipur and recently, Visakhapatnam and Nashik. Each store is estimated to cost the company around Rs. 10 crore to set up, on an average.
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There should be no denying Paul Manafort’s fate. Special Counsel Robert Mueller’s list of charges keeps on swelling—a repeatedly amended compendium of malfeasance that is now so long and so pointillistic that it could be only defused by a world-historic prosecutorial gaffe. Despite this seeming comprehensiveness, each fresh filing in court contains a moment where the special prosecutor winks at his target, as if letting him know that he has only begun to bring the pain: a small display of how comprehensively he has surveilled Manafort and his minions; a further sampling of the evidence that could be sitting in his reserve stash.