Socially distant shopping presented American malls with traffic patterns they hadn’t seen before and most likely won’t see again, according to Placer.ai’s tracking of nine of the nation’s most visible centers.
Shopping malls have been an important part of people’s lives for decades. However, the current state of the retail industry demands they reinvent themselves in order to stay relevant and survive.
We spent some time with Excess Space Retail Services’ president, Michael Wiener, to lay out what opportunities now present themselves to retail chains.
GameStop took a sales hit in the third quarter but expects positive comparable store sales and profitability in the fourth quarter amid demand for the highly anticipated release of new game consoles.