August 16, 2017
Why shopping centers are booming in Mexico
While malls in the US have been on a steady decline, as the industry deals with the decline in brick-and-mortar sales that bode the “death of retail,” malls in Latin America continue on the rise. This is partially because online shopping has yet to take hold as it has in the US. According to Euromonitor International, in 2016, online sales made up only 2.6 percent of retail sales in Mexico, compared with 10.5 percent in the US. The death of retail—at least for now—isn’t a reality in Latin America.