Home > Real Estate & Construction > Malls Remodel to Boost Sales and Attract Shoppers/Store Visitor Counts Are Disappointing

Malls Remodel to Boost Sales and Attract Shoppers/Store Visitor Counts Are Disappointing, Business and Industry Trends Analysis

The face of retailing continues to evolve quickly. Malls and their stores face daunting competition from web sites, giant discount stores like Target and wholesale clubs such as Sam’s. At the same time, a number of consumers have lost enthusiasm for frivolous shopping and needless credit card debt. Many mall redevelopments included luxury movie theaters with full menus and lounge seating, plus areas within the malls for children to play, along with open pavilions for live entertainment.

Top malls typically have more than 1 million square feet. Luxury stores such as Tiffany, Prada and Ralph Lauren help to draw customers. Shoppers also want cutting-edge technology stores such as those operated by Apple.

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