Experts say that malls can survive – and even do well – if they transform themselves into a collection of cool merchants and restaurants, housing, co-working areas, walk-in medical clinics and special attractions such as aquariums. In international retail, luxury goods are set for a comeback in Asia even as the pandemic’s hit to brick-and-mortar shopping and the wider international economy slammed global sales last year. And in B2B payments, companies can harness more effective data management systems to alleviate many of the common payment pain points. All this, Today in Data.
Data:
177K: Square footage of a Lifetime Fitness complex at a former Macy’s location in Oklahoma City.
73%: Share of Tmall’s luxury lifestyle and fashion shoppers comprised of millennials during 2020’s first 10 months.
46%: Portion of technology firms that consider cost when judging the efficiency of their AR operations.
39%: Share of educational institutions looking to expand their vendor relationships to improve their payments operations.
20%: Portion of China’s overall share of the global luxury market in 2020.