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Hoping to draw big spenders and compete with high-end malls, Universal Studios has announced plans for the first major face-lift of its shopping and dining district in more than 15 years. The focus of the overhaul at CityWalk is to cut back on the low-priced souvenir shops that appeal to tourists and instead add more high-end retail outlets and restaurants that will draw well-heeled locals and millennials as well as upper-income tourists.

(Press Release)

http://www.latimes.com/business/la-fi-universal-citywalk-20160620-snap-story.html