Mall recovery continues as foot traffic at indoor malls shows slight improvement

The mall recovery continues with visits to indoor malls down just 8.1 percent in June — a slight improvement from May, when visits were down 8.3 percent compared to the equivalent month in 2019, according to Placer.ai’s Mall Index-Q2 2021, a foot traffic analytics firm.

Second quarter as a whole marked a massive step forward for the segment with visits down 15.7 percent in April, 8.3 percent in May and just 8.1 percent in June compared to the same months in 2019.

Malls have made an impressive leap forward in the past three months compared to first quarter, when year-over two-year visits were down an average of 24.5 percent. This consistent progress — even without a major shopping holiday — shows the true strength of the rebound for this critical retail format. And shoppers continue to show their desire to visit these retail destinations, another sign of the powerful resiliency of consumer demand for the mall format.

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