Malls are back — again.
After millions spent on renovations and a renewed push to focus more on experiential retail, Twin Cities malls finally saw a bump in traffic this summer, a big one for some of them. Five of eight metro malls tracked by analytics firm Placer.ai saw more visitors than in 2019. And the number of people visiting Mall of America last month was up over 15% year over year, according to Placer.ai.
“We are starting to see the green sprouts,” said Sudip Mazumder, North America retail industry lead at digital consultancy Publicis Sapient.
The big summer doesn’t mean victory yet. Foot traffic doesn’t always translate into sales, and surveys are showing consumer confidence wavering before the holiday retail season. Plus, some malls are still faltering.
But the positive traffic numbers show that malls willing to take risks on a new mix of tenants and other amenities might have a chance of staying relevant in the still-changing retail landscape.
Take Eden Prairie Center. When people started to venture out again after the pandemic, a new 250,000-square-foot Scheels megastore — including an indoor synthetic ice rink, a 16,000-gallon saltwater aquarium and a 45-foot indoor Ferris wheel — was waiting for them in the old Sears space.
“Scheels has brought a positive and exciting change to the center,” Nancy Litwin, the mall’s senior general manager, said in an email. ”This influx of visitors to Scheels has naturally led to increased cross-shopping throughout the mall.”
The Eden Prairie Center, the filming backdrop to the cult classic movie “Mallrats,” has seen a surge in foot traffic this year compared with 2019 — including a 30% bump in June, according to Placer.ai, which collects anonymized location data from mobile phones to provide businesses with traffic trend data.