Declines in mall traffic were all but inevitable for July, according to Placer.ai, but the drops proved better than expected according to the company's newly issued report.
Placer.ai's analyst Ethan Chernofsky said he expects YoY gaps to improve in August "as the comparison shifts from the powerful heights hit in July 2021 to an August 2021 that was limited by the spread of the Delta variant" and the decreases being seen in gas prices lately.
He said outlet malls stand to improve the most given their merchandise's mostly value prices in this challenging economy.
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