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.
The large ‘malls’ here are all seeing to do very well, and those that were previously struggling have seemed to have seen success pivoting away from being just a place to go and ‘buy’ things and into places to ‘do’ and ‘experience’ things.
We millennials have a fascination with mixing alcohol and activities we did growing up, with bowling, mini-golf and ticket arcades doing well by feeding off our nostalgia.
I watched some American Gladiators today. No alcohol was involved, just pure nostalgia