Black Friday – the unofficial start of the holiday season – drove nationwide retail foot traffic spikes on November 24th. Just how big was the Black Friday 2023 visit surge? And how did this year’s shopping holiday compare to 2022? We dove into the foot traffic data to find out.
With Amazon’s Prime Day, Target Deal Days, Best Buy’s Black Friday in July, and Walmart’s Plus Week all coming up – and Back to School around the corner – we dove into the retail foot traffic data to see what we can expect from these summer sales events.
Malls have had a rocky few months, with a brief respite in January 2023 giving way to visit gaps in February as ongoing economic headwinds impacted the shopping center space. Still, there are reasons for optimism - but will mall visits return to 2022 levels? We dive into the data to find out.
Mall visits have been tracking closely to year-over-year levels for months, and foot traffic in January 2023 showed promise. With February behind us, has the mall recovery taken another step forward?
Malls performed well in 2022, considering the unique challenges posed by the pandemic and economic headwinds preventing a full return to business as usual. We take a closer look at how mall visits kicked off in early 2023 and what lies ahead for the segment.