![]() ![]() The International Council of Shopping Centers said 94.2 percent of malls were full, or occupied, with shops by the end of 2014. However, Fortune says the weakest of the malls have closed. Since 2010, more than 24 shopping malls have closed and an additional 60 are struggling, according to Green Street Advisors. The shift to online shopping has had a big impact on “ brick and mortar” shopping malls. NBC News reported that for many, shopping online was “a more comfortable alternative” than crowded malls. Cyber Monday spending will increase 12 percent to $3 billion, says Adobe Systems Inc. Online spending on Black Friday will rise 15 percent to hit $2.7 billion this year. “Given how shoppers today overall gravitate towards all things digital, there’s a high likelihood online shopping will be bigger than ever over the holiday weekend and on Cyber Monday,” she told the NRF. Pam Goodfellow is an analyst at Prosper Funding LLC. One-in-five Americans will use a tablet or smartphone. More than half of all holiday purchases will be made online, they say. Nearly 80 percent of this year’s holiday shoppers, or about 183.8 million people, will shop on Cyber Monday, says the NRF. ![]() In an era of instant information, shoppers can use their mobile phones to find deals. The National Retail Federation (NRF) says about 136 million people will shop during the Thanksgiving Holiday weekend. Retailers make the most money this time of year, about 20 percent to 30 percent of all revenue all year. It is the busiest shopping day of the year. America’s holiday shopping season started on Black Friday, the day after Thanksgiving. ![]()
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