things adults in america do 1.3 billion visits According to the International Council of Shopping Centers, everyone goes to a mall every month, or about 62 times a year.
More consumers will go to shopping malls.
Although some outlets like a traditional shopping mall While struggling to retain shoppers, high street traffic is booming. Annual visits to strip malls surged 18% last year compared with before the pandemic, according to data compiled by analytics firm RetailStat.
According to the International Council of Shopping Centers, there are more than 68,000 shopping malls in the United States from coast to coast.
Convenience, hybrid work, and the rise of millennial relocation fast growing suburbs is driving more shoppers to the mall.
“Because the stores are smaller, the lines are shorter and parking is easier, and they’re often there before you drop your kids off at school,” said Jessica Vara, a real estate attorney with Hunton Andrews Kurth. On your way home or from work.
Retailers are trying to get a piece of the action. Macy’s announced Last year, the company opened 30 new small-format stores outside malls. Newly opened store, approx. one-fifth the size Traditional stores offer streamlined selections, according to retailers.
But strip malls have been criticized for being an eyesore in neighborhoods, exacerbating environmental problems and causing The death of traditional business districts.
So, how did the United States become covered by commercial centers?
