Shopping centers in Latin America - statistics & facts
The first shopping centers appeared in Latin America in the late 1960s in Mexico and Brazil. Since then, boosted by a growing middle class, the shopping mall industry in the region continued to grow. Contrary to the traditional U.S. model where shopping centers were anchored by major department stores like JC Penney or Macy’s, in many Latin American countries malls are commonly anchored by a variety of businesses such as grocery stores, fitness centers, healthcare facilities, and office space.
