Study shows shopping malls are threatened by online retailers

Instead of going to The Oaks Mall to buy a blue and orange sweatshirt, Rony Schutz stayed at home and ordered it from Amazon.

According to Green Street Advisors’ real estate analysts, the biggest threat to shopping malls is an increase in online shopping, which is likely to impact mall revenues.

It’s easier to shop online, said Schutz, a 19-year-old UF electrical engineering freshman.

“I can read reviews right there and then,” he said. “I can find the cheapest prices easier.”

While Schutz prefers to shop quickly online, 18-year-old Chase Chesonis, a sales associate at The Oaks Mall Hallmark, said that Hallmark’s customers are attached to the in-store experience.

“I think the customers we have like coming in here,” she said, “because the customers that we’ve had have been here since we opened.”

Read more here.

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