Visits to indoor malls in the second quarter were "within striking distance" of pre-pandemic levels, according to a new analysis from Placer.ai—and in more good news, outdoor malls also saw their visit gap drop to a mere 0.7% during the same period.
"Malls have made an impressive leap forward in the past three months compared to Q1, when year-over-two-year visits were down an average of 24.5%," Placer.ai's Ethan Chernofsky writes in a recent report analyzing Q2 mall data. "This consistent progress—even without a major shopping holiday—shows the true strength of the rebound for this critical retail format. And shoppers continue to show their desire to visit these retail destinations, another sign of the powerful resiliency of consumer demand for the mall format."
Visits to indoor malls were down just 8.1% last month over 2019 levels, and have seen an improvement in visits each month since February.
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