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Store Traffic Continues to Fall

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A variation on “out of sight, out of mind,” is being played in malls across the U.S., and its theme is simple: People aren’t going to stores as often as they used to, and it’s impacting retail sales in a major way.

In its most recent report on physical store traffic in the U.S., big data firm RetailNext reported that retail footfall has declined each month in the last two years, as increased shopping options like e-commerce and mobile commerce allow consumers to go to the mall less frequently.

Retail sales at physical stores has also been falling, down by between 6 percent and 11 percent in each of the past six months.

Read more at Sourcing Journal.

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