European Mall Operator Banks on Luxury Mall Success in U.S.
The typical American shopping mall landscape has changed drastically—and for the worse—in recent years, in large part because nearly every item sold from a traditional brick-and-mortar store can be purchased online. Consumers who would rather devote time to things other than driving to a mall have benefitted. The retail behemoth Amazon.com even promises to deliver packages in two days. That has left lower end centers and malls in trouble.