40,000 Malls--and Counting
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If baseball is America’s unofficial pastime, shopping must be a close second. Each month over 185 million people visited the 40,000 malls scattered around the nation. Not surprisingly, California leads the way with more square footage of malls than any other state. Last year, 60 new California shopping malls began construction. Here’s a look a America’s growing fondness for shopping.
Sales Surge--Up 37% in 9 Years (in billions)
1996: $974
What They Spend Per Trip
BY AGE
14-17: $39
18-24: $51
25-34: $60
35-44: $70
45-54: $72
55-64: $62
Over 65: $48
*
BY INCOME
Under $15,000: $36
$15,000-$24,999: $47
$25,000-$49,999: $58
$50,000-$74,999: $65
Over $75,000: $84
Source: International Council of Shopping Centers
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