The Internet has not led to a wholesale decline in bricks-and-mortar retail activity. Witness the rapid growth of Oxford Properties Group, which has invested close to $500 million in Canadian retail centers over the past five years. Consumers go online to comparison shop, says Michael Kitt, Oxford's executive vice president, but they "execute in a shopping center." He points to research from the International Council of Shopping Centers that found that 85% of North American women between 16 and 34 prefer to shop at an actual store.
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