Perhaps few countries have felt the impact of shuttered malls as severely as the Philippines, what with our popular “mall” culture and sprawling shopping centers marking almost every major city. Deloitte spoke with mall owners, retailers and consumers to get a better picture of how shopping malls are adjusting under the pandemic, and what factors will bring back foot traffic into these enclosed spaces. Here are some insights from that research for the local retail market to consider as the country continues to battle the pandemic. Food is the new fashionPre-pandemic, fashion was the driver that brought people to malls and occupied the most space. The author is an audit and assurance partner at Navarro Amper & Co., a member of the Deloitte Asia Pacific Network.

Source: Manila Times August 17, 2020 02:37 UTC