Placer.ai: July was ‘far more positive’ than expected for malls

Given all the challenges, July was a fairly good month for the nation’s shopping centers.

Visits to malls (includes indoor malls, open-air lifestyle centers and outlet malls) were down year-over-year, but given inflation, gas prices, and the iffy condition of the economy, the numbers were “far more positive than expected,” according to a report by foot traffic analytics firm Placer.ai.

The Placer.ai Mall Indexes - July 2022 Update revealed that July experienced a big increase in visits month-over-month compared to June. Visits were up 7.5% at indoor malls, 7.2% at open-air centers and 23.4% at outlet malls...
   ...more

RSK: Some of these visits are contributed to temps in July being near 100 degrees....people going to malls just to cool off. I wonder what sales were like.