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.
Super Saturday, the last Saturday before Christmas (Dec. 19), is still expected to be the second-busiest day of the 2020 holiday season, but it won’t be as big as previous years.
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.
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.
We spent some time with Excess Space Retail Services’ president, Michael Wiener, to lay out what opportunities now present themselves to retail chains.
