Interesting holiday retail facts from L2 on Youtube:
An unlikely winner? Malls – at least high-end ones, which are flourishing. The top-rated malls of 2015 all had upscale department stores, luxury brand stores and high-tech electronics stores.
An Apple Store increased mall revenue per square foot by 13%. Think about that. Apple is going to start charging malls to be tenants.
I’ve lived most of my life since 2000 in cities (Manhattan, Miami, Los Angeles, and now San Francisco) so I’m not aware of how dire the retail situation is in suburban areas—that is— until I went home to visit my family in New Jersey this past holiday.
It was hard for me to find something as simple as a pair of Chuck Taylors. Back in the day there a Foot Locker about 10 minutes from my parents’ house, but no more.