Find in the news:
BY COUNTRY

The re-emergence of traditional shopping malls



According to North American Properties, customers are moving away from traditional malls and looking for new experiences and if this is what they are after, retailers have to offer it.
Retailers and owners have for the past 10 years been extremely concerned about the potential death of regional malls.  

However, many people state that the idea of the traditional American mall having died is an overstatement.  People feel that the dynamics of what consumers want may have changed and is constantly changing, but there is still a place for traditional malls in the retail sector.

According to an EVP based at Coldwell Banker Commercial Alliance, Scott Hook, the traditional mall will not be leaving the landscape any time soon.  He said that people argue that consumers have moved to online shopping because of its convenience, but if you visit malls over weekends or the holiday season, you will soon become aware that huge numbers of consumers are still making their normal visits to the malls, which are simply in a state of transition.

This view was confirmed by Joseph Coradino, the CEO and president of PREIT.  He said the answer is to improve the traditional mall and move from it being a shopping venue to an experiential venue, offering consumers internet, entertainment, and food and shopping.  

Derrick Moore, the principal of urban retail properties at Avison Young, said malls should be anchored with specialty markets and restaurants, as consumers continue looking for healthier options and entertainment in the food world.

Population density is of great importance in secondary trade areas.  These areas only have demand for a single regional mall and the others have to find alternative uses.  A further problem mall property owners have had to contend with is that department store anchors hold control rights.  Tenants, such as Sears, have historically owned their part of the real estate and without their co-operation, it becomes costly and difficult to obtain approval for redevelopment.

The next few years may be a difficult time for the class B and C mall owners.  Tenants are looking for smaller space and owners will have to reconsider the type of space they are offering or convert their enclosed concourses to open-air spaces.



More about shopping malls in the USA

YESTERDAY, USA:
The prolonged retail apocalypse, multiplied by the coronavirus pandemic, will result in massive retail store closures across the United States.
YESTERDAY, USA:
During the protests in New York City, unknown people looted a number of shops in the Chelsea, Soho, Flatiron, and Midtown areas.
May 28, 2020, USA:
Adidas and AllBird have announced a partnership aimed at creating new environmentally friendly technologies.
May 27, 2020, France:
French chain of department stores Galeries Lafayette has announced a new service for customers during the closing of stores.
May 27, 2020, USA:
The chain of coffee shops adapts to the realities of the post-quarantine world and focuses on drive-thrus, self-service, and delivery.
May 26, 2020, Italy:
Due to the sharp decline in interest in fashion in the midst of the pandemic, the company is abandoning the traditional calendar of shows and moving to an off-season schedule.
Friend
and Follow
Vegas Crocus City GLA:1 199 078 SF
ADDRESS: 61 km Moscow Ring Road
Russia . Moscow region
Vegas Crocus City
Hillcrest Mall GLA:585 758 SF
ADDRESS: 9350 Yonge St, Richmond Hill, ON L4C 5G2
Canada . Richmond
Hillcrest Mall
Central Children's Store GLA:370 192 SF
ADDRESS: Teatralnyi proezd, 5
Russia . Moscow region
Central Children's Store
Forum Istanbul GLA:1 883 684 SF
ADDRESS: Kocatepe Mahallesi, Pasa Caddesi 34045 Bayrampasa
Turkey . Istanbul
Forum Istanbul


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us