The Future of American Malls (HBO)
Synopsis
Around 1,200 malls remain in the U.S., with about a quarter at risk of closing in the next decade due to the decline of anchor stores.
Synopsis
On the 25th birthday of the Mall of America, the largest mall in the U.S. celebrates its unique features, including 12,750 parking spaces and 30,000 live plants. With around 40 million visitors each year, it thrives as a retail-themed tourist attraction. Meanwhile, about 1,200 malls remain across the country, with a quarter facing closure due to the decline of anchor stores like Sears and Macy’s. Analysts attribute this trend to an oversaturation of malls and a shift in consumer spending toward experiences rather than shopping.
Frequently Asked Questions
How many parking spaces does the Mall of America have?
The Mall of America has 12,750 parking spaces.
What percentage of people in the U.S. are employed in the retail sector?
About 10 percent of people in the U.S. are employed in the retail sector.
How many malls are at risk of closing in the next decade?
About a quarter of the 1,200 malls left in the U.S. are at risk of closing in the next decade.
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