Malls have been a popular hang out place among teens since the 1960's. That was only four years after Victor Gruen made a model of what a mall would look like and had the first one built. By 1975 shopping malls contributed to 33% of retail businesses' money. By 1992 malls were at their peak of popularity and the malls were contributing to over half of the money retail businesses were making. So when did it all go wrong? Because, malls are starting to shut down because businesses/retailers are not getting the money they need to keep the doors open. It all started to become less popular in 2008 when online shopping websites started to get more popular. So when people started to shop online the businesses inside the malls don't have money the mall tends to try to find other businesses to move in. Since a lot of businesses are switching to online or just going bankrupt the malls do not have the money to keep their doors open. But why is that? It could be the fact that when everyone was in lock down for covid 19 and businesses were making more money online, or it could be that the businesses were drowning in debt trying to keep there doors open. A lot of businesses switched to online during covid in the hope they might make more money because they don't have to pay the mall to be there and because businesses were on lock down.
What do you think would help malls to get more people to shop there?
When was the last time you went to a mall?
Do you think malls should stay open and why?