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, many consumers have lost enthusiasm for frivolous shopping and needless credit card debt. Prior to the Coronavirus, a great deal of investment was focused on opening restaurants, movie theaters and supermarkets in malls, in order to bring in new customer traffic.  Entertainment was an important part of successful malls, and it may eventually regain great importance.  Many redevelopments included luxury movie theaters with full menus and lounge…

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