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Mom-and-Pop Shops Are Threatening the Mall This Holiday Season

(Bloomberg)—More bad news for America’s shopping malls: Consumers are shopping closer to home. And increasingly, home is not where the malls are.

Spending growth at mom-and-pop businesses has outpaced that of the big chains in the past two years, according to Sarah Quinlan, senior vice president at credit-card giant Mastercard Inc., which tracks purchasing patterns. When they’re not shopping online, Americans are seeking more personal connections and advice — something they can find lacking at national retailers.

“The consumer is shopping small,” she said.

Read Article at NREIOnline.com

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