IEM Launches New Experiential Retail Innovation Platform at Simon with High-Growth Brands
Rhea-AI Summary
Simon Property Group (NYSE:SPG) and IEM have partnered to launch an innovative retail platform featuring 10x15-foot experiential "micro spaces" in high-traffic mall areas. The initiative aims to help high-growth brands transition into physical retail through a flexible, low-risk approach.
The platform offers modular services including design, staffing, operations, and reporting. Three brands - OOFOS, Generation Tux, and Caddis Eyewear - have already launched spaces, with three more planned for late 2025 and early 2026. The model features short-term leases and subsidized rents, allowing brands to test physical retail environments while minimizing initial investment.
Positive
- Platform provides low-risk entry to physical retail for emerging brands
- Strategic positioning in high-traffic mall areas maximizes brand visibility
- Flexible modular service model reduces upfront investment for brands
- Short-term leases and subsidized rents lower barrier to entry
Negative
- None.
News Market Reaction
On the day this news was published, SPG gained 0.35%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
New Venture Redefines In-Mall Retail with Turnkey Experiential Retail Environments for Today's Most Promising Consumer Brands
IEM introduces new 10x15-foot branded, experiential "micro spaces" that are a new standard in mall retail through its premium experiential retail environments. The spaces are strategically positioned in the highest-traffic common areas of malls. These are demonstrative brand experiences, giving shoppers the opportunity to touch and engage with the physical product before purchasing. Acting as incubators, these environments also allow brands to enter physical retail in a cautious, efficient manner, testing market demand while minimizing risk and maximizing visibility.
At the heart of IEM's offering is a modular, pick-and-choose menu of services. Brands can opt into design and production, staffing, day-to-day operations, or reporting, tailoring the level of support to their unique needs and goals. This model reduces upfront investment while enabling rapid market entry and measurable results.
"We started IEM to help brands bridge the gap between digital and physical retail," said James Lesser, Managing Partner at IEM. "We believe the future of retail isn't just about opening stores—it's about doing it intelligently, with flexibility, control, and a team behind you that knows how to execute."
"At Simon, we are committed to evolving our centers to meet the needs of today's most dynamic brands and consumers. IEM's spaces not only create memorable shopping experiences for our guests but also reinforce our role as the premier platform where brands can scale strategically and successfully," said Chip Harding, Executive Vice President Business Development, Simon Property Group.
To date, IEM has partnered with six emerging and growth-stage consumer brands across categories including performance footwear, modern eyewear, and formalwear. Three of those, OOFOS, Generation Tux, and Caddis Eyewear have already launched experiential retail environments. Three additional brands are slated to open later this year and into early 2026.
"Caddis is more than eyewear—it's a lifestyle brand that celebrates the awesomeness of aging," said Emma Spagnuolo, CEO of Caddis. "Everything we do at Caddis is about storytelling and community. With IEM, we're able to extend that ethos beyond digital into a physical space that's impactful and aspirational, allowing us to achieve scale while cutting through to the consumer. It's not just retail—it's an extension of the Caddis culture, where people can touch, try on, and connect with our brand in real life."
IEM's early momentum is powered by its strategic developer relationships and hands-on approach to location strategy, execution, and consumer engagement. Through short-term leases and subsidized rents, IEM enables brands to use its micro spaces as cost-efficient incubators, allowing them to test physical retail. The company is built to support activations that are turnkey, data-driven, and tailored for today's evolving retail landscape.
About IEM
IEM is a venture-backed retail incubator that helps brands activate in high-traffic mall environments through a growing network of premium experiential retail confidence. IEM is proudly aligned with the country's top mall developers and operates inside many of the highest-performing centers across the
Alongside today's announcement, IEM will also be launching its official website, which will include additional information on its brand partners, service offerings, and partnership opportunities.
About Simon
Simon® is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across
Media Contact:
George Polgar (215)275-0848
GeorgePolgar@Gmail.com
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SOURCE IEM Media
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