Reported 12 days ago
As e-commerce has transformed shopping habits, traditional malls faced decline, with many becoming vacant and abandoned. However, recent data shows a rise in foot traffic at malls, particularly around Black Friday, indicating a potential resurgence. Simon Property Group, the largest mall owner in the U.S., reports improved occupancy rates and a shift in consumer behavior, especially among younger shoppers who are returning to malls not just for shopping but also as social spaces.
Source: YAHOO