Shopping Experiences the Future of Retail: Welch

The transcript discusses the introduction of Dream Place at Ridge Hill Mall, emphasizing the importance of creating live experiences to attract families to retail spaces. It highlights the collaboration with DreamWorks and future expansion plans. The conversation shifts to the Barclay Center's involvement in politics, particularly in hosting the Democratic National Committee, and addresses concerns about logistics and funding. Finally, it covers the potential sale of a minority stake in the Barclay Center, focusing on finding strategic partners while maintaining control.

What is the main reason for introducing Dream Place at Ridge Hill Mall?

• To create unique experiences for families

• To increase online shopping

• To reduce mall traffic

• To compete with Disney

How did the collaboration with DreamWorks begin?

• DreamWorks approached Ridge Hill Mall

• Ridge Hill Mall was the last to launch Dream Place

• Catherine called DreamWorks after hearing about Dream Place

• DreamWorks was not interested initially

What is the future plan for Dream Place according to the transcript?

• To expand to other centers including Victoria Gardens

• To merge with Disney

• To open only in Ridge Hill Mall

• To close down after a year

What is the Barclay Center's strategy to attract the Democratic National Committee?

• Offering free hotel stays

• Highlighting New York's effective government and infrastructure

• Reducing ticket prices for events

• Providing free transportation

What is the current plan regarding the ownership of the Barclay Center?

• Selling the entire stake

• Looking for strategic partners for a minority stake

• Merging with another arena

• Bringing in the Brooklyn Nets as owners