Say hej to the shopping centre of the future, as imagined by Ikea’s owner
What does the mall of tomorrow look like? Ikea sister company Ingka Centres, which operates retail centres all over the world, shows Retail Week its vision through the latest changes to its San Francisco Market Street location
Many shopping centres are not inspiring places. Although there are exceptions, run-down facilities and dingy shopfronts are a familiar sight in many UK malls, which have decayed through a lack of investment and struggled to recover visitor levels post-pandemic.
According to real estate business Savills, as of December 2023, footfall in shopping centres in various countries was between 15% and 20% down on the levels seen in January 2020.
All the while, physical retail in general has been enjoying a renaissance, with footfall at retail parks and high streets recording a higher uplift than shopping centres as recently as the Easter weekend.
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