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- The future of the shopping mall industry is likely to involve the following trends12:
- Prioritization of convenience: Appointment-based shopping and streamlined experiences.
- Redefined store formats: Stores within malls need to reinvent themselves to stay relevant.
- Greater use of technology: Engaging customers through tech innovations.
- Unification of in-store and online merchandise: Integrating physical and digital shopping experiences.
- Personalized shopping experiences: Tailoring offerings to individual preferences.
- Changing consumer behaviors: Opportunities for retail real estate.
- Leveraging cross-shopping: Understanding online and offline behavior changes.
- Reworking tenant mix: Creative leasing strategies.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.What could the future of shopping malls look like?
- Prioritization of convenience Appointment-based shopping ...
www.shopify.com/retail/future-of-mallsThe future of shopping: Creating customer value with retail real estate
- Changing consumer behaviors create opportunity ...
- Certain shopping preferences will likely stick ...
www2.deloitte.com/us/en/insights/industry/financia… - People also ask
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Many retailers and retail real estate owners made do with existing spaces as they entered 2020. But now, to prepare for the postpandemic … See more
By thinking more like a service provider and less like a space provider, retail real estate owners have an opportunity to redesign the value proposition of shopping centers. They can … See more
Historically, retailers and retail real estate owners have worked on a fixed lease rental model.18 However, the acceleration in online sales and pandemic-related closures have … See more
As more consumer data becomes available, retailers and retail real estate owners can use consumer behavior analytics to determine the appropriate tenant mix for each … See more
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