Why it’s worth your time to visit the mall in 2018
In the fall of 2018, the mall was hit by a snowstorm, which was supposed to ease traffic, but instead led to more traffic, according to The Hill.
The mall reopened on Dec. 16, and shoppers have reported finding more goods and merchandise than they were expecting.
But a new report from the non-profit group Center for American Progress (CAP) suggests that in 2018, shoppers were only looking for the best bargains.
“As retailers scramble to sell as many of their best products as possible as they grapple with the economic fallout of the 2016 snowstorm,” the report states, “it’s easy to see why shoppers were reluctant to shop in malls in the spring and summer of 2018.”
The report cites several factors that lead shoppers to not want to shop at the mall.
First, it’s more expensive than it used to be, and the mall is closing.
And second, malls are getting increasingly crowded, and more malls are being built.
The Hill notes that the number of malls in cities like Atlanta, Portland, Chicago, Minneapolis, Philadelphia, and San Francisco is growing.
In addition, the percentage of people who live in cities with malls has increased since the early 1990s.
In 2017, the average household income was $45,737, while in 2018 that number was $53,821.
In cities like Chicago, San Francisco, and Atlanta, where malls are less crowded, that number is even higher, according the report.
“People aren’t shopping in the malls for the same reason that they were shopping in 2015: they can’t afford to spend the same amount,” the Center for Americans for New Economic Thinking (CANS), which authored the report, explained in a press release.
The malls were also not as well-maintained, according, according CAP.
“Malls are increasingly being built as the result of a flood of development, including office towers and condos, but in many cases, they are crumbling.
And, in some cases, even in the cases where they are being rebuilt, they aren’t built as fast or as well as they should be,” the CAP report stated.
And that makes it difficult for shoppers to compare prices with retailers in other cities, like New York, Washington, D.C., and Los Angeles.
CAP also pointed out that malls that have been closed for renovations can have fewer than 10% of their regular parking spots available.
“It’s easy for shoppers in the Northeast to shop with their smartphone or tablet on their mobile device, and they can go to Walmart in the South or Target in the West,” CAP president Amy Hardiman said in a statement.
“But they can easily find great bargains in stores that are far more robust, with thousands of people at every store, and with more amenities and retail options.”
The mall has also seen an increase in the number and price of online retailers.
“Consumers aren’t willing to spend money on goods and services that they can get elsewhere, especially when they have to pay the same price for them,” Hardiman added.