Macerich’s Post

#Retail foot traffic continues to increase, with #Atlanta's own Lenox Square Mall seeing a 31% increase from the previous year. As retail #realestate continues to evolve to meet consumer demands and preferences, this trend should only continue.

Great article by Rosen Report on why in-store retail is NOT DEAD. Visits to indoor malls have increased by 8.6% since 2023, open-air shopping centers by 6.2%, and outlet malls by 5.7%. GenZ is boosting mall growth, with 97% valuing in-person shopping. They go to malls to hang out with friends, showing a preference for the brick-and-mortar experience. Customers appreciate trying products in-store, getting expert advice, and enjoying dynamic experiences that blend technology. And, Luxury Outlet Sales have surged by 35% from 2021, according to Forbes. Embracing technology and creating engaging in-store events is key to drawing people back to physical retail spaces. #RetailTrends #GenZShopping #LuxuryRetail #outlets #customerengagment #malls #technology #customerexperience #rosenreport #NBC #GenZ #retailers #TopRetailExpert #Forbes #events Stephen Yalof Chris Igwe Tanger Olivia MeyerClay Lute Ian Scott Matt Mueller RETHINK Retail Ghalia Boustani. Ph.D Lisa Quier Wagner

Interesting insights into the status of Malls in this Smart Cities Dive piece. Asserting a firm belief that retail is not dead, this article delves into some trends affecting malls and Gen Z's impact. #retail #mixeduse #economicdevelopment #GenZ #malls https://lnkd.in/eUe3cuCA

Old shopping malls and retail centers are outdated. Old shopping centers and malls might be outdated, but the potential for transformation is immense. It's time to reimagine and repurpose these spaces to align with changing user behaviors and cater to the needs of the new generation. And it is actually happening in recent years already. We need build spaces that resonate with the way we shop and connect in today's dynamic world. #RetailRevolution #AdaptToChange #retailexperience #retaildesign #retailarchitecture

Deck the malls: check out these top six strategies to reignite the high street experience #retailtech #retailtechnology #retailstores Kiryl Chykeyuk HYPERVSN https://lnkd.in/gF6YeP2a

Interesting insights into the status of Malls in this Smart Cities Dive piece. Asserting a firm belief that retail is not dead, this article delves into some trends affecting malls and Gen Z's impact. #retail #mixeduse #economicdevelopment #GenZ #malls https://lnkd.in/eXKMjhMQ

Interesting insights into the status of Malls in this Smart Cities Dive piece. Asserting a firm belief that retail is not dead, this article delves into some trends affecting malls and Gen Z's impact. #retail #mixeduse #economicdevelopment #GenZ #malls https://lnkd.in/eEaTsJDD

For the first time in 20 years, demand for retail space outstrips supply. While successful tenant mixes have certainly transformed over the last 2 decades, Shopping Centers are making a huge comeback. #shoppingcenters #commercialrealestate #retailspace #malls #stripcenters #centercheck #wearesoback #retailspend #experientialretail #analytics #research #spenddata https://lnkd.in/gpBGe3Ht

I recently came across a fascinating CNBC article on the growing success of strip malls. With an impressive average vacancy rate of just 5% and prime visibility, it’s easy to see why this form of retail is on the rise. Here are a few of my takeaways: Macy’s New “Marketplace” Format 🛍️ The article highlights Macy’s new “Marketplace” format, which feels reminiscent of an Old Navy-style setup. This model allows customers to “see, feel, and touch” products before making a purchase—a crucial advantage in today’s retail landscape. As an online shopper myself, I still prefer picking up clothes in-store to ensure they fit, aren’t damaged in transit, and are exactly what I want. This hands-on experience is something I believe will keep physical retail relevant, even as e-commerce grows. The Hybrid Retail Model 📈 I see retail continuing to evolve into a hybrid model, blending the best of physical and online shopping. Key benefits include: 👫 Reduced Staff Needs: Fewer employees are required during off-peak hours, which is more cost-effective. 📊 Efficient Use of Space: Less prime real estate is needed for storage, as distribution centers handle most inventory, with local stores fulfilling “last mile” needs. 🏷️ Enhanced Customer Experience: Modern consumers are looking for a quick, simple, and transparent shopping experience, and this model meets those expectations. The Role of Malls 💸 While strip centers cater to convenience, indoor malls are leaning into the experience factor. I believe we’ll see more “fashion centers” like Polaris, featuring high-end brands such as Apple and Versace that rely on an immersive shopping environment. Traditional food courts may evolve too, offering healthier, fast-casual options like Chipotle, and even informal sit-down dining choices. Additionally, I anticipate higher-end hotels could integrate with these mall spaces, turning them into destination shopping experiences where customers can find unique goods and services not available elsewhere. Looking Ahead 🔎 This next phase of retail real estate is exciting, and I’d love to hear your thoughts. Do you see strip malls as the future of retail? Can indoor malls continue to thrive by focusing on the experiential aspect? Read the full article here: https://t.co/K7FiSooeln #realestate #stripmall #retail #onlineshopping #shoppingmall