American shoppers continued to flock to the nation’s malls in greater numbers in April, with the foot traffic gap nearly halving in just two months, reinforcing the view of a retail recovery gaining traction. Foot traffic at a sample of 50 malls in April showed that, compared to the pre-pandemic April 2019 level, it was…
Mall Traffic Surges as Incomes Rise and Americans Go on Shopping Spree
Shoppers returned to malls in droves in March, boosted by a sharp rise in personal income and a strong boost in consumer spending, reinforcing the view that a recovery in the pandemic-stricken retail sector is building steam. Foot traffic at a sample of 50 malls in March was up 86 percent from the same month…
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