Shopping mall news and archive

U.S. shopping mall retailers impacted by mass shootings

The 199th mass shooting in the United States occurred on May 6th at a Dallas shopping mall, resulting in the deaths of nine individuals. Shopping malls are particularly vulnerable to mass shootings, as it is nearly impossible to prevent armed individuals from entering. This latest shooting follows a deadly incident in a Greenwood mall in Indiana...

Retail

The decline of the American mall continues

Once the fabric of communities, the American mall has faced a long battle to stay relevant in the digital age, and its decline shows no slowdown. Multiple analysts have projected the shrinkage of U.S. shopping malls, which in their heyday totalled 2,500 in the 1980s. In the next ten years there may be just 150 malls left. Coresight Research in...

Fashion

Shopping malls to offer hybrid consumer experiences by 2030, Ericsson reports

Ericsson’s 10 Hot Consumer Trends report has predicted that consumers will want hybrid malls by 2030. The report, which outlines a futuristic version of a shopping mall, claims that AR glasses, haptic bodysuits and tactile gloves will all be available, with space for any number of activities to take place. The research was conducted from an...

Retail

U.S. mall owner Brookfield Properties to cut 20 percent off its retail staff

One of the largest U.S. mall owners, Brookfield Property Partners LP, is expected to cut its workforce by 20 percent as shopping malls and retailers across America continue to be negatively impacted by Covid-19. The company sent a memo to its staff on Monday, confirming 20 percent of the company’s retail arm would be let go. According the...