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.
The holiday shopping rush is in high gear, but there are still some quick steps retailers can take in their supply chains to help drive sales and deliver a great customer experience.
Several features that have taken hold in malls and shopping centers during the pandemic will continue to maintain their presences long after COVID-19 departs, according to three leading retail real estate managers.
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.
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.
