Declining Foot Traffic At Malls A Challenge For Retailing
Blog of HORAN Capital Advisors | Mar 23, 2014 02:49AM ET
The report notes a number of factors are likely causes attributable to fewer shoppers frequenting malls, of course the weather is cited as one of those factors this year. More systemic reason are probably influencing this behavior as well with the report noting,
"The growth of mobile devices and the increased accessibility of online pricing have helped fuel increased Web sales. Through the first three quarters of 2013, e-commerce sales increased by 17.4% over the same period in 2012 [according to the U.S. Census bureau]. Today, consumers increasingly turn to their smartphones and tablets to comparison shop on multiple sites simultaneously, rather than travel from store to store for the lowest prices. Purchases can often be delivered within a day or two, at either a nominal shipping expense or free of charge. Further, merchandise returns have been streamlined, as many e-commerce retailers send prepaid return shipping labels to customers with their purchases, removing yet another obstacle to shopping online."
- Retail destinations catering to a healthy lifestyle.
- Housing-related retailers.
- Warehouse clubs with a varying general merchandise offering.
- Fast casual restaurants.
- Dollar stores and off-price retailers
- “Fast-fashion” retailers.
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