In this article, we will look at the 5 most profitable malls in the world. We have also covered a detailed analysis of the latest trends around the mall and their newer ways of functioning in another article. If you are interested in reading that, head straight to 16 Most Profitable Malls in the World.
5. Westfield London
Sales per Square Foot: $1,600
Westfield London is a premier shopping destination in Shepherd’s Bush, London, UK. This expansive retail complex features over 300 luxury and high-street stores, including flagship fashion brands, beauty boutiques, and lifestyle retailers. With its state-of-the-art architecture, Westfield London provides a seamless shopping experience with innovative technology and interactive displays. Additionally, it offers a diverse range of dining options, a luxury cinema, and a dedicated events space, making it a true haven for fashion, entertainment, and indulgence enthusiasts.
Recently, EE opened an innovative flagship store at Westfield London, featuring experience zones showcasing cutting-edge technology. The store includes a dynamic shopfront, AR experiences, a gaming zone, and the UK’s first “Digital Spa.”
4. Westfield Stratford City
Sales per Square Foot: $1,600
Bigger than the Westfield London is the Westfield Stratford City, which is a vibrant shopping and entertainment complex in East London. It is one of Europe’s largest urban shopping centers, offering over 250 retail stores, including popular sports brands like Adidas AG (OTC:ADDYY), lifestyle outlets, and tech stores of popular names like Apple Inc (NASDAQ:AAPL). With its iconic architecture and an excellent location near the Olympic Park, Westfield Stratford City provides a bustling retail experience, complemented by a wide selection of dining options, a multi-screen cinema, and other entertainment venues, making it a popular destination for locals and tourists alike.
3. Forum Shops
Sales per Square Foot: $1,750
The Forum Shops at Caesars Palace is a luxurious shopping destination in Caesars Palace, Las Vegas. This iconic shopping complex features a stunning ancient Roman-themed design and offers an exquisite collection of high-end fashion stores, luxury retailers, and exclusive brands. With its opulent atmosphere, grand architecture, and upscale alternatives, the Forum Shops provide a truly memorable shopping experience for visitors seeking luxury and style.
Forum Shops is one of the most profitable malls in the world. Over 16,000 pairs of heels are sold annually, $4 million worth of engagement rings are purchased, and 2.1 million meatballs are served. The center’s restaurants pour over $300,000 worth of wine, and their charity campaign has provided over 22,000 meals to the community.
2. Yorkdale Shopping Center
Sales per Square Foot: $2,266
Yorkdale is a popular shopping haven in Toronto, Canada, renowned for its unparalleled luxury and style. This premier destination houses an exclusive lineup of world-class fashion retailers, including high-end designers and sought-after brands. From iconic fashion houses to trendy boutiques, Yorkdale offers a curated selection that caters to the most selective shoppers. Its sophisticated ambiance, impeccable service, and exquisite dining options create an elevated shopping experience, cementing Yorkdale’s status as a refined treat to Toronto and making it the highest-grossing mall in Canada.
1. Bal Harbor
Sales per Square Foot: $2,555
Bal Harbor stands as an unrivaled pinnacle of luxury shopping and, thus, as the most profitable shopping center in the world. Situated in Miami, Florida, it is synonymous with opulence and exclusivity. Housing numerous premier fashion brands along with esteemed designer retailers attract shoppers from around the globe. Bal Harbour’s unparalleled success can be explained by its potential to entertain the refined tastes of wealthy clientele, offering an extraordinary shopping experience that epitomizes sophistication and grandeur. Bal Harbor, being the top one on the list of the most profitable malls in the world, has the highest sales per square foot.
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