The retail industry is struggling. Many brick-and-mortar stores
have been defeated by fast fashion brands such as Zara or Amazon’s involvement
in all kinds of business, from daily supply to clothing and now even to
grocery. Affected by that, Macy’s and Sears’ known failure in maintaining
profits have forced them to close many stores. Sears is very likely to be on
the edge of going bankruptcy soon. Such fact has alerted other retailers to
take actions to minimize the loss.
Yes, here we are not even talking about profit, we say survival.
Even the owner of the Newgate Mall is not stingy about pouring $500,000 to inject
new energy to the food court and make it stay current for the sake of driving
traffic to the mall, according to this article.
From my own personal experience in different shopping malls, I have
sensed that food court’s development model is very fast-food driven since it doesn’t
focus on healthy food. Therefore, it’s a great idea that many companies are
moving restaurants, bars and even mini-golf courses or rock-climbing gyms to
shopping malls. It’s saying something
here: millennials are becoming the largest consumption group and they are more inclined
to healthy focused food and fitness. Shopping malls need to use a new model to
keep themselves relevant to these customers.
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