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Will Canadians ever go back to shopping malls post-pandemic?

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Rumours about the impending death of the shopping mall have been circling for years.

Between 2018 and 2019, even before the COVID-19 pandemic, foot traffic to Canada’s top 10 malls — as measured by revenue per square foot — declined by 22 per cent, according to research from Deloitte Canada. And when the consulting giant measured foot traffic in February 2020, still before the COVID-19 lockdowns, and February 2019 it found an even steeper drop of 42 per cent.

But as COVID-19 restrictions across the country loosen up amid soaring vaccination rates, some experts believe the pandemic may have given shopping malls — or at least some of them — a new lease on life.

For more info, please go to https://globalnews.ca/news/7514673/alberta-covid-19-restrictions-mall-shopping-retail/

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Category
U.S. & Canada
Tags
global news, COVID-19, corona virus
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