Turns out, malls aren’t dead after all. Some are just in critical condition.
In a recent report, Fung Global Retail & Technology said traffic may be down, but malls are still a fixture in retail.
“The mall is not dead. It is, however, evolving at a pivotal time in the context of a changing retail landscape and shifting consumer demand,” the report noted. “The new mall is an exciting, hybrid format encompassing retail, entertainment, food, outlets, housing, education and even medical facilities, in some cases.”
Read more at Sourcing Journal.
