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There’s something that has been troubling me about shopping malls the past couple of weeks.  The parking lots are packed, people are milling about but retail sales are generally down.

I generally don’t see too many people with shopping bags at the mall but I do see a lot of people walking around.  I see families with kids walking about and I can only conclude that the mall is the cool safe haven to be rather than burning your own AC at home.

I encountered the same thing this week as I stopped to shop at three different malls looking for a specific gift for someone this week.   This ultimately doesn’t bode well for the market over the upcoming summer but we’ll have to wait and see what happens.