Malls Get Makeovers in Bid to Survive in Amazon Era

Mall owners are adapting to changing retail trends by transforming traditional department store spaces into experiential venues like restaurants and entertainment centers. This strategy aims to attract more visitors and increase spending in malls. The financial burden of redevelopment typically falls on the mall owners, who hope to see a return on investment through increased foot traffic and consumer purchases.

Who typically bears the costs of redeveloping mall properties?

What is the expected outcome of bringing more people to the mall?