Chapter
The Decline of the American Mall
58:36 - 1:01:54 (03:17)
The American mall has been declining since 2007, when people shifted their spending to stores like Target and Walmart instead of department stores, resulting in a decrease in mall traffic and new mall construction.
Clips
Malls used to thrive as department stores spread their traffic out to the smaller stores, but the decline started in 2007 when people started spending more money at Target and Walmart.
58:36 - 1:01:04 (02:28)
Summary
Malls used to thrive as department stores spread their traffic out to the smaller stores, but the decline started in 2007 when people started spending more money at Target and Walmart. The mall peaked in 1990 at 16 million square feet of new space opened in that year but has been declining ever since.
ChapterThe Decline of the American Mall
EpisodeSelects: Live From San Francisco: How Malls Work
PodcastStuff You Should Know
In 2014, traditional retailers for the very first time generated about half their sales from the web.
1:01:04 - 1:01:54 (00:49)
Summary
In 2014, traditional retailers for the very first time generated about half their sales from the web. The Stuff You Should Know duo explores the pros and cons of online and brick-and-mortar retail, including how we shop and how we pay.