The aggregate expenditure for the renovation is estimated at approximately $20 million. These renovations are important to the continued growth of the centers, helping to attract new retailers and driving traffic and sales. Overall, it was a solid holiday sales season, given the generally mild weather across most of our portfolio. Department stores posted healthy increases with Macy’s leading the pack.
CBL & Associates' CEO Discusses Q4 2011 Results - Earnings Call Transcript
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