Retailers indicated average company expansion plans of 9.

-- About 50 percent of retailers predicted that the mergers would
have mixed results for the involved department store chains.

The Hudson Employment Index
The Hudson Employment Index (http://www. workers. The Index
tracks aggregate employment trends regarding career opportunities , hiring
intentions, job satisfaction and retention.

Special Note: Safe Harbor Statement Under the Private Securities
Litigation Reform Act of 1995: Except for historical information contained
herein, the statements made in this release constitute forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934 .

confero microvideo

Macerich now owns approximately 77 million square
feet of gross leaseable area consisting primarily of interests in 76
regional malls. worker confidence slipped just .6 in January.4
Expected hiring 30% 29% 34% 30% 23%
Concerned about
job security 19% 19% 18% 22% 19%
Rated personal
finances as
excellent 12% 17% 17% 10% 14%

* A more detailed data report is available at
http://www.S. The margin of sampling
error for a survey based on this number of interviews is approximately +/-1
percent with a 95 percent level of confidence.

infotel hindsight

Business Editors
ICSC Conference

LAS VEGAS----Retailers revealed a
positive industry outlook through the Shopping in America: Spring 2005
Retailer Survey, conducted opening day of the annual International
Council of Shopping Centers (ICSC) convention in Las Vegas.

ANTICIPATED SALES + EXPANSIONS

According to the survey:

Retailers expect an average 4 percent increase in same-store
sales for 2005. The 2005 Spring Retailer
Survey was conducted at the ICSC Spring Convention in Las Vegas among
retailers representing 54,475 operating units. The Hudson Employment Index is a service mark
owned by Hudson Highland Group, Inc.

suggestive schryver

-- Retailers selected cost of living (27 percent),
gasoline/energy (25 percent) and unemployment (20 percent) as
the global issues likely to have the largest impact on the
American consumer in the next five years."

Tax Season Encourages Accounting + Finance Workers
Accounting and finance workers were more confident in January than in
December, likely reflecting an anticipated increase in business during the
upcoming tax season.

shoppers inquire

The data is compiled each month
by Rasmussen Reports, LLC, an independent research firm
(http://www.

hindsight infotel

1
percent for their company in 2005.

-- The majority (44 percent) said recent department store chain
mergers will have a moderate effect on their business .
Another 17 percent said it will have no effect at all; while
others were not certain of its impact . 1 issue for
American shoppers, (selected by a third of respondents).S. The most notable change contributing to this
slight decline was the flagging optimism about hiring amongst managers.1 and 100.
Survey results are segmented by 11 cities: Atlanta, Boston, Chicago,
Dallas, Los Angeles , Minneapolis-St. The Hudson Employment Index also measures employee
confidence by age, gender, race and compensation.

Hudson
Hudson delivers specialized professional staffing, outsourcing , and human
capital solutions worldwide.
Hudson is a division of Hudson Highland Group, Inc .

suggestive speedmark

A
quarter of those surveyed said it will have a strong effect. The seasonal shopper intercept surveys are conducted in
regional shopping centers throughout the U. Next month's Hudson Employment Index will be
released on March 8.
Certain factors, including factors outside of our control, may cause actual
results to differ materially from those contained in the forward-looking
statements, including economic and other conditions in the markets in which we
operate, risks associated with acquisitions , competition, seasonality and the
other risks discussed in our Form 10-K and our other filings made with the
Securities and Exchange Commission, which discussions are incorporated in this
release by reference.

shopper customarily

New Hudson Employment Indexes(SM) for Legal and Hispanic Workers Register
Below National Average

NEW YORK, The Hudson Employment Index(SM) remained
on par with December's 103.7 112.C.hudson.

Generally this is done by employing persons who visit the business, conduct transactions, and then provide a report on their experiences.

Services should involve some kind of interpersonal contact, customarily in-person or by telephone.

Web-only mystery shopping is a possibility as well.

redefining infotel

They were also slightly
less optimistic than workers overall , 30 percent of whom anticipated a boost
in headcount (unchanged from December). Paul, New York, Philadelphia , San
Francisco, Tampa, and Washington, D.

schryver inquire

The Company is the sole
general partner and owns an 81% ownership interest in The Macerich
Partnership, L.
However, overall hiring expectations and job satisfaction held steady in
January with only negligible shifts in employees' perceptions of their
finances and job security. Buoyed by December's strong Index, the latest
reading is higher than most recorded in 2005, although well below the 107.

csmonitor sleuths

The Shopping in America national survey series gauges consumers
and retailers on the latest retail business industry and shopping
trends .P.com.

This category is NOT for sites which essentially sell a list of mystery shopping companies or otherwise claim to have some 'secret' to success as a mystery shopper for the right price .

speedmark shoppers

"Most predict sales increases for 2005 and for the
critical upcoming holiday season.

-- The aging population (24 percent), internet shopping (24
percent), rise in the tween market (17 percent ) and rise in
the multicultural market (17 percent) were selected by
retailers as the consumer trends likely to have the most
impact on retailing within the next five years. Additional information about The Macerich Company can
be obtained from the Company's Web site at http://www.com

S. The
Indexes for these sectors, segmented for the first time in this month's
survey, stood at 98.

mystery lowery

INDUSTRY TRENDS

-- Despite the rising popularity of outdoor and lifestyle
centers , more than half (54 percent) of the retailers selected
enclosed shopping centers as the most productive retail format
for their company.4, respectively. Such forward-looking
statements involve certain risks and uncertainties, including statements
regarding the company's strategic direction, prospects and future results.

confero merchandisers

Retailers named merchandise selection as the No.S.

shoppers accessable

"

ECOMOMIC IMPACTS

-- About 65 percent predict the economy will stay about the same
throughout 2005.0
reading in January 2005.6 111. The company employs more than 3,800 professionals serving clients
and candidates in more than 20 countries through its Hudson and Highland
Partners businesses.

hilli objectively

Retailers Speak out on Industry Trends and Economic Impacts During ICSC Conference; First ``Shopping in America '' Retailer Survey Released

8
points to 102.hudson-index.

microvideo shoppers

shoppinginamerica.

Hudson, one of the world's leading professional staffing, outsourcing and
human capital solutions providers , publishes the Hudson Employment Index, a
monthly measure of U.com). It will be reviewed at year -end to determine if seasonal
adjustments are appropriate.

redefining sleuths

Store
location (17 percent), convenience (14 percent), brands (14 percent)
and style (8 percent) also ranked among the top five responses .1 100.
Data reported in this release is based on a national telephone survey of
9,327 working Americans during the month of January.

Mystery shopping is a service provided to businesses to give them feedback on the quality of their services, businesses, websites and/or personnel.

redefining csmonitor

For more information on Shopping in America consumer and
retailer surveys, visit www. These workers were more optimistic about their job
security, personal finances and job satisfaction.RasmussenReports . The Index surveys five occupational
sectors: accounting and finance, health care, information technology ,
manufacturing and legal.

accessable merchandisers

4 percent rise, compared to last year. Only 29 percent anticipated more hiring in the
coming months, compared to 33 percent in December. one of leading
professional staffing , retained executive search and human capital solutions
providers.

infotel shoppers

"Retailers are forecasting a positive outlook and a steady economy
at a time of new trends within the retail industry," said Garry
Butcher, vice president of marketing and consumer research for The
Macerich Company.macerich .

All All Accounting Hispanic Legal
Workers Managers + Finance Workers Workers
Hudson Employment
Index 102.com.Hudson-Index. More information is available at http://www.

kinesis shopper

As for upcoming holiday sales, retailers predict an average
5.
Another 35 percent said it would be of little or no help. Not all results are
stated in this news release and some are rounded to the nearest whole
number.biz
The Macerich Company is a fully integrated self-managed and
self -administered real estate investment trust, which focuses on the
acquisition, leasing, management , development and redevelopment of
regional malls throughout the United States. worker confidence in the employment market. Results
are not seasonally adjusted. From single placements to total solutions, the
firm helps clients achieve greater organizational performance by assessing,
recruiting , developing and engaging the best and brightest people for their
businesses.

infotel objectively

Known for
seasonal consumer shopping reports, the Shopping in America survey,
conducted for The Macerich Company (NYSE:MAC ) by August Partners,
expanded for the first time this week to include the insights of
retailers representing 54,475 specialty shops, restaurants and other
retail units with 36 brands nationwide .4 reading as U.

Hiring Expectations Down Among Managers
Managers were less confident about their firms' hiring plans in January
than the previous month. The data is not seasonally
adjusted .

kinesis merchandisers

U.S. Workers Start Year With Measured Confidence

The survey also found that Hispanic workers were less optimistic than the
overall workforce, as were people who work in the legal profession .
"Whereas we typically see a new year's increase, our polling indicates
that workers are approaching this year with a 'wait-and-see' attitude," said
Steve Wolfe, executive vice president, Hudson, North America.

merchandisers suggestive

"This is not a
great cause for concern, though, as worker sentiment remains essentially
unchanged from December, which showed increased optimism overall. However, there was only a
one -point increase, to 34 percent, in the number who expected their employers
to add staff.6 98.com) is based on
monthly telephone surveys with approximately 9,000 U.