What is so great about Mall of America?

Mall of America is the largest retail shopping mall in the United States with more than 2,779,242 million feet of retail space (not including the amusement park), over 520 stores, 50 restaurants and Nickelodeon Universe®, the nation’s largest Nickelodeon® theme park with 24 amusement park rides including a roller …

Why are there so many abandoned malls in America?

The number of dead malls has increased significantly because the economic health of malls across the United States has been in decline, with high vacancy rates in many of these malls.

Is the Mall of America in decline?

In 2019, over 8,600 stores closed their doors. According to Credit Suisse’s report from 2017, nearly a quarter of all malls in America will be closed by 2022. The closures have led to a retail apocalypse of sorts, crippling malls around the nation.

Who owns the Mall of America in Minnesota?

Triple Five Group
Mall of America®/Owners

Why is the Mall of America important to Minnesota?

Mall of America hosts more than 400 events a year, ranging from concerts, to celebrity appearances and fashion shows. Each year, 40 million people from around the world visit the mall, generating nearly $2 billion each year in economic impact for the state.

Is Bloomington MN safe right now?

Is Bloomington, MN Safe? The C+ grade means the rate of crime is about the same as the average US city. Bloomington is in the 53rd percentile for safety, meaning 47\% of cities are safer and 53\% of cities are more dangerous. The rate of crime in Bloomington is 25.51 per 1,000 residents during a standard year.

Why are shopping malls dying?

Malls are dying. The thriving ones are spending millions to reinvent themselves. – The Washington Post In the past decade, as shopping dollars migrated online and a parade of well-known retailers toppled, the malls that didn’t evolve fast enough stumbled into a devastating cycle of dwindling traffic, lower sales and disappearing storefronts.

Is the shopping mall industry split between the haves and the Have-Nots?

After spending the last few weeks writing about the grocery industry, it is time to discuss another industry that is in an even greater state of upheaval — the shopping mall industry. The mall game has become a split between the haves and the have-nots.

What is the future of the American Mall?

The mall itself, not the shops within it, is the product the American consumer actually consumes. A box and four walls are no longer compelling enough value propositions for either the consumer or the retailer. As a result, new technology and architectural infrastructure needs to be part of the 21st century mall value equation.

Do you have a compelling reason to be a mall destination?

If you are not a Class A, experience mall destination, chances are you offer no compelling reason for being. At the very least, you’re fighting an uphill battle. The data bears this out.