Many industry experts are split between thinking that the shopping mall is essentially the retail hub of the world and that ecommerce has taken over as the preferred means of shopping, leading to the downfall of the traditional store. While online credit card processing gateways have their benefits, including allowing shoppers to remain in the comfort of their own home and avoid large crowds, is it enough to spell the end of malls?
According to a comScore survey released in December 2012, consumers spent more online during the 2012 holiday season than in years past. There was a 16 percent increase in online shopping between 2011 and 2012, as $38.7 billion was spent via internet payment processing gateways last year.
As such, ZDNet reported that numerous experts think this signals the end of the traditional experience. The source said many people often think that traveling to a mall to shop is more of a hassle thanit’s worth, and online gateways are their solution. Moreover, a large number of malls throughout the nation are experiencing high vacancy rates, which could also show more of an interest in internet purchasing by retailers, as they may be focusing their efforts elsewhere.Back To Blog