Saturday 26 June 2021

Will Canadians ever go back to shopping malls post-pandemic?

Global News in Canada discusses certain rumours about the impending so-called "death" of the shopping mall that have been circling for years.

Between 2018 and 2019, even before the COVID-19 pandemic, foot traffic to Canada’s top 10 malls (as measured by revenue per square foot) declined by 22 per cent, according to research from Deloitte Canada. And when the consulting giant measured foot traffic in February 2020, still before the COVID-19 lockdowns, and February 2019 it found an even steeper drop of 42 per cent.

But as COVID-19 restrictions across the country loosen up amid soaring vaccination rates, some experts believe the pandemic may have given shopping malls (or at least some of them) a new lease on life.

No comments:

Post a Comment