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Gen Z Is Bringing Malls Back, And Netflix Wants In

MarketDash Editorial Team
8 days ago
Generation Z is reversing years of mall decline by flocking to physical retail spaces for experiences rather than just shopping. Companies like Netflix are now building in-person attractions to capitalize on this unexpected trend, as young consumers seek real-world connections after years of digital dominance.

Here's something nobody predicted: Gen Z, the generation that grew up with smartphones in hand and mastered social media before they could drive, is heading back to the mall. Not for fast fashion emergencies or last-minute birthday gifts, but for something more intangible and, frankly, more interesting: the experience itself.

This unexpected shift is sparking what industry observers are calling a retail renaissance, according to NBC News. After years of watching malls struggle and close, companies are now scrambling to adapt to what Gen Z actually wants. And it turns out what they want is pretty simple: a place to hang out with friends in the physical world.

Shopping Isn't Really The Point

When Gen Z shows up at the mall, they're not always opening their wallets. As one young consumer explained to NBC News: "It's never about buying stuff. It's just about the experience."

Think about what online shopping can't replicate. There's no chatting with cashiers through a website. No spontaneous detours into random stores with your friends. No people-watching while you nurse an overpriced smoothie. The one-click checkout is efficient, sure, but it doesn't exactly create memories.

Malls have always functioned as gathering places, offering nostalgia for older generations who remember them in their heyday. Now Gen Z appears determined to create their own version of that nostalgia, building experiences they'll look back on years from now.

Making Up For Lost Pandemic Time

The pandemic's shadow looms large over this trend. Just a few years ago, stores and entertainment venues were shuttered, face-to-face interactions were limited, and socialization meant awkward Zoom calls or masked encounters six feet apart.

"Gen Z has reinvigorated the mall," International Council of Shopping Centers President Tom McGee told NBC News. "There is a desire in this generation to lean into the physical world because they have been such a big part of the digital world for such a long time."

Another Gen Z shopper put it more bluntly: "People are always trying to make up for what we lost in the pandemic. I think a great way to do that is coming to the mall and hanging out with each other."

That pent-up demand for physical spaces and real human connection is reshaping how companies think about retail.

Netflix Joins The Physical World

Brands are racing to meet Gen Z where they are, and that increasingly means inside actual malls. Netflix (NFLX) is jumping into this space with Netflix House, a physical attraction that brings its streaming content into the real world.

"Netflix House is our in real life experience for fans to immerse themselves in Netflix stories," Netflix Chief Marketing Officer Marian Lee told NBC News.

These locations feature sets from the streaming giant's biggest shows, plus arcades and other activities designed to keep visitors engaged. It's a bet that people want to step inside their favorite shows rather than just binge them on their couches.

The broader trend includes brand influencers setting up shop in malls and other digital-first companies creating physical presences. Malls are evolving to match what this generation values, and if they get it right, they might just reverse years of retail decline. Who would have thought the future of malls would be saved by the generation everyone assumed would kill them?

Back to News

Gen Z Is Bringing Malls Back, And Netflix Wants In

MarketDash Editorial Team
8 days ago
Generation Z is reversing years of mall decline by flocking to physical retail spaces for experiences rather than just shopping. Companies like Netflix are now building in-person attractions to capitalize on this unexpected trend, as young consumers seek real-world connections after years of digital dominance.

Here's something nobody predicted: Gen Z, the generation that grew up with smartphones in hand and mastered social media before they could drive, is heading back to the mall. Not for fast fashion emergencies or last-minute birthday gifts, but for something more intangible and, frankly, more interesting: the experience itself.

This unexpected shift is sparking what industry observers are calling a retail renaissance, according to NBC News. After years of watching malls struggle and close, companies are now scrambling to adapt to what Gen Z actually wants. And it turns out what they want is pretty simple: a place to hang out with friends in the physical world.

Shopping Isn't Really The Point

When Gen Z shows up at the mall, they're not always opening their wallets. As one young consumer explained to NBC News: "It's never about buying stuff. It's just about the experience."

Think about what online shopping can't replicate. There's no chatting with cashiers through a website. No spontaneous detours into random stores with your friends. No people-watching while you nurse an overpriced smoothie. The one-click checkout is efficient, sure, but it doesn't exactly create memories.

Malls have always functioned as gathering places, offering nostalgia for older generations who remember them in their heyday. Now Gen Z appears determined to create their own version of that nostalgia, building experiences they'll look back on years from now.

Making Up For Lost Pandemic Time

The pandemic's shadow looms large over this trend. Just a few years ago, stores and entertainment venues were shuttered, face-to-face interactions were limited, and socialization meant awkward Zoom calls or masked encounters six feet apart.

"Gen Z has reinvigorated the mall," International Council of Shopping Centers President Tom McGee told NBC News. "There is a desire in this generation to lean into the physical world because they have been such a big part of the digital world for such a long time."

Another Gen Z shopper put it more bluntly: "People are always trying to make up for what we lost in the pandemic. I think a great way to do that is coming to the mall and hanging out with each other."

That pent-up demand for physical spaces and real human connection is reshaping how companies think about retail.

Netflix Joins The Physical World

Brands are racing to meet Gen Z where they are, and that increasingly means inside actual malls. Netflix (NFLX) is jumping into this space with Netflix House, a physical attraction that brings its streaming content into the real world.

"Netflix House is our in real life experience for fans to immerse themselves in Netflix stories," Netflix Chief Marketing Officer Marian Lee told NBC News.

These locations feature sets from the streaming giant's biggest shows, plus arcades and other activities designed to keep visitors engaged. It's a bet that people want to step inside their favorite shows rather than just binge them on their couches.

The broader trend includes brand influencers setting up shop in malls and other digital-first companies creating physical presences. Malls are evolving to match what this generation values, and if they get it right, they might just reverse years of retail decline. Who would have thought the future of malls would be saved by the generation everyone assumed would kill them?

    Gen Z Is Bringing Malls Back, And Netflix Wants In - MarketDash News