businesscommerce1.655 min read "The Resilience of American Malls Amid Department Store Decline"
American malls are adapting to the decline of department stores by replacing them with experiential offerings such as grocery stores, gyms, and residential apartments, leading to a resurgence in mall traffic. Top-tier malls are thriving with an experiential model, while lower-tier malls are feeling the effects of department store closures more acutely. Mall owners are also capitalizing on omnichannel strategies to bolster retail sales. Despite the success of some malls, there is still an oversupply in the country, leading to a split in the fortunes of malls based on consumer demographics.
1 year ago•Source: CNBC
