If I had told you in 2020 that shopping malls would make a comeback, you probably would have laughed in my face.
And rightly so. Online shopping has been growing for years as its convenience, ease, and value have become too hard to pass up. To a new generation of shoppers, the experience of going out to a brick-and-mortar store to try on clothing or test out a new vacuum seemed silly and archaic — why waste that kind of time at a mall when you could have someone show up at your door with your order and then just return it if you didn’t like it, often free of cost? Covid-19 only increased that value and accelerated the death of America’s malls.
Yet, today, malls are making a comeback — and with the group you’d least suspect: 18- to 24-year-olds. That’s right, the Gen Z kids are so tired of interacting entirely in digital spaces that they’ve started to return to shopping malls, finding pleasure in the same exact thing older generations did: the social experience of hanging out with your friends outside of the house. This cohort made 62% of their general merchandise purchases in-person last year, 10% more than shoppers aged 25 and older. And overall foot traffic at malls was up 4.5% in the first two months of this year compared to last.
I think the resurgence of U.S. malls is emblematic of the human experience. A little bit of anything can be fun, refreshing, cathartic, or even exhilarating. But a lot of something — say, eight hours of screen time a day — can start to feel pretty crappy.
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Our Executive Editor and Founder is Isaac Saul. Our Executive Producer is Jon Lall.
This podcast was written by: Isaac Saul and audio edited and mixed by Dewey Thomas. Music for the podcast was produced by Diet 75.
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