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 and wholesale clubs such as Sam’s.  At the same time, many consumers have lost enthusiasm for frivolous shopping and needless credit card debt.  Analysts at ShopperTrak report that retail store traffic in general is down.  Coresight Research reported 5,994 stores closing in the first quarter of 2019, compared to 5,864 closures for all of 2018.  Malls are forced to adjust in order to stay in business. More and more investment is being spent on opening restaurants, movie theaters and…

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