Shopping mall news and archive

Back-to-school shopping drives retail resurgence

The retail and fashion industry has received a welcome boost as the back-to-school season propelled a significant uptick in mall foot traffic across the United States, according to the latest Placer.ai Mall Index. This surge in consumer activity offers valuable insights for retailers and fashion brands as they navigate the evolving landscape of...

Retail

US shopping malls see significant rebound in May foot traffic

May 2024 marked a notable resurgence in foot traffic across various US mall types, as highlighted by the latest Placer.ai Mall Index. The index, which tracks visits to 100 top-tier indoor malls, 100 open-air shopping centers, and 100 outlet malls in both urban and suburban areas, revealed significant year-over-year increases in visits. The...

Retail

Resurgence in US shopping centers signals shift in consumer behaviour

U.S. shopping centers are experiencing a notable resurgence, marking a promising shift in consumer’s shopping behavior. According to the latest update to Placer.ai's Mall Index for March, visits to shopping malls have seen a steady increase for the second consecutive month. The data reveals that visits to indoor malls surged by 9.7 percent...

Retail

U.S. shopping mall retailers impacted by mass shootings

The 199th mass shooting in the United States occurred on May 6th at a Dallas shopping mall, resulting in the deaths of nine individuals. Shopping malls are particularly vulnerable to mass shootings, as it is nearly impossible to prevent armed individuals from entering. This latest shooting follows a deadly incident in a Greenwood mall in Indiana...

Retail

The decline of the American mall continues

Once the fabric of communities, the American mall has faced a long battle to stay relevant in the digital age, and its decline shows no slowdown. Multiple analysts have projected the shrinkage of U.S. shopping malls, which in their heyday totalled 2,500 in the 1980s. In the next ten years there may be just 150 malls left. Coresight Research in...

Fashion

Shopping malls to offer hybrid consumer experiences by 2030, Ericsson reports

Ericsson’s 10 Hot Consumer Trends report has predicted that consumers will want hybrid malls by 2030. The report, which outlines a futuristic version of a shopping mall, claims that AR glasses, haptic bodysuits and tactile gloves will all be available, with space for any number of activities to take place. The research was conducted from an...