If you follow the news, you know many people are talking about a possible recession on the horizon, driven by inflation and rising interest rates. Ultimately, consumer spending will likely determine whether we have a recession or not, as it makes up 70% of the U.S. economy.
So, what better place to check the pulse of the American consumer than a shopping mall? Despite the advance of e-commerce, malls still thrive, with many now catering to a higher-end shopping experience. In this commentary we will take a virtual stroll through the mall and see what clues we can uncover.
So, grab your wallet and let’s go! (We promise we won’t make you carry the bags.)
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