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Its the center of social life, Kiflemarian says. She laughs. There is one way it is nothing like home: Back in Eritrea, she says, she never imagined that shed be speaking Spanish one day. Unlike Tysons Corner or Arundel Mills, Beltway Plaza doesnt house a Victorias Secret, a M.A.C. store or an American Eagle Outfitters. Mostly, Beltway Plaza has found a niche as a large and faintly 1980s urban souk, hawking the necessities, and the oddities, of immigrant life. It can confound the users of Yelp, who bemoan its shadiness and who struggle to comprehend just what theyll buy at Luvn Time, the lingerie shop, or First Lady, with its Sunday sermon-appropriate power suits and lace hats the size of hubcaps. Theyre not big merchants; theyre not big corporate entities, says Jon Enten, a marketing consultant for the mall. We have everything from African fashion to an As-Seen-on-TV store. In a retail landscape that is increasingly bleak, could this be this the future of malls? The American mall is a goner, were told. Macys is shutting down 100 stores, following Sears and Montgomery Ward and Finish Line and Circuit City in leaving gaping black holes in the American mall-scape.

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Intime operates 29 department stores and 17 shopping malls mainly in eastern China. The chain carries brands from small Chinese labels to high-end luxury names such as Gucci. Intimes acquisition would give Alibaba the physical store space to allow online-only brands selling on Taobao and Tmall to tout their wares in traditional malls, while Intime store merchants would be able to sell their products on Alibabas platforms, said Ben Cavender, a principal at China Market Research Group. Photo: Agence France-Presse/Getty Images In addition, Alibabas extensive collection of consumer data from Tmall and Taobao could help boost Intimes store sales and minimize excess inventory, an issue that has dogged retailers in China, Mr. Cavender said. They have a very good idea of how buyer profiles work and can quickly put the right styles, colors and brands in department stores, he said. According to Alibaba and Mr. Shens proposal, shares of Intime would be bought out for HK$10 (US$1.29) each, a premium of 42% over the companys most recent closing price. The transaction would be financed through internal cash resources, possibly combined with external debt financing. The buyout of Intime comes after Alibaba said last year that it was being investigated by the U.S. Securities and Exchange Commission over its practices in consolidating affiliates, particularly its Cainiao Network logistics arm.

For the original version including any supplementary images or video, visit http://www.wsj.com/amp/articles/alibaba-seeks-to-take-intime-private-with-founder-1484005494

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