America's retail superstar is striving to reclaim its sparkle.
The Mall of America, where 520 stores beckon 40 million visitors a year, is in the midst of an ambitious $50 million makeover to refresh its interior as it seeks to attract more upscale and trendy stores in a fiercely competitive market.
The west wing between Macy's and Nordstrom is in the midst of a major upgrade, including an impressive 450-foot-long skylight that will run the length of the corridor, brightening up what had become a somewhat drab area. The south and east wings already have been refurbished and have become the most coveted areas for new retailers.
"The mall is over 20 years old," said David Brennan, co-director of the Institute for Retailing Excellence at the University of St. Thomas. "So it really badly needed some updating. If you were a retailer, would you want to go into a mall that looked tired and worn out?"
The ongoing face-lift is the first major update since the mall opened in 1992 and will be completed just as it prepares for its next major act — a $325 million expansion that includes a JW Marriot hotel, an office tower and more than 50 shops and restaurants set to debut in August 2015.
The Mall of America isn't the only one sprucing up. Other malls in Minnesota and across the country are scrambling to attract the most popular stores at a time when shoppers have more ways than ever to shop, including online.
"Many retailers insist we update in order to come here," said Maureen Bausch, the mall's executive vice president of business development.
In Minnetonka, Ridgedale Center is undergoing a major overhaul that will bring it Minnesota's second Nordstrom department store (the first is at the Mall of America). Macy's also underwent a renovation that combined two stores at the center into a single large one. The Southdale Center in Edina, the nation's first regional indoor mall, completed a $19 million update last year.