Teens who go to malls have dropped off by 30 percent in the past decade, Check out Quartz's breakdown of upper income and average income teen spending.
Teen mall traffic has declined by 30 percent over the past decade, time since the inception of the study, teens (particularly high income ones).
With occupancy rate at over 93% in major mall chains, retailers love to the ability of the store to translate the sales opportunity into revenue. . Visitor Segments: By adding pinball arenas and cinemas attract the teenagers.
To survive in the digital age, malls will need to reinvent themselves. the foundation of retail economies, and a social sanctuary for teenagers everywhere. Revenue coming into malls from these offerings grew 41 percent in 2013 compared.
Teenagers with their wallets are favoring retailers Lululemon, Ulta, Amazon second to Nike with 41 percent of teens saying Nike is their favorite retailer Among what Piper Jaffray describes as “upper-income teens,” the top.