Retail experts have long sounded the alarm on malls in the US.

But malls are not going extinct, they are merely adapting to a new environment. In fact, many have reported robust occupancy levels and bigger crowds than before the pandemic, according to a recent market analysis from Coresight Research.

  • Cryophilia@lemmy.world
    link
    fedilink
    English
    arrow-up
    32
    arrow-down
    1
    ·
    1 year ago

    Malls in my area are mostly doing great.

    I think there were just a lot of middling malls, and malls in areas without the population to support them. What the article calls “top tier” malls in large cities are doing fine.

    • PalmTreeIsBestTree@lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      ·
      1 year ago

      And there was several metro areas that have faced economic decline in the last 30 years that have contributed to some malls going out of business as well. This happened because people did not have the money to spend nor an increasing population to cater to a large mall.