After a strong January, which showed an uptick in mall visits for the first time since the previous July, there were indications that malls were due for a strong year in 2023. Unfortunately, February’s numbers were lackluster, according to the latest update to Placer.ai’s Mall Index, titled Placer.ai Mall Index February 2023: Reasons for Continued Optimism.
Year-over-year numbers during February were disappointing following January’s strong showing. Visits were down 1.7 percent at open-air lifestyle centers (OALCs), 6.2 percent at indoor malls, and 6.7 percent at outlet
