The rapid growth of lifestyle centres corresponds to the decline in popularity of shopping malls and the increase in demand for luxury goods.

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Lifestyle centers, which often combine retail with leisure amenities, have grown in popularity as they cater to consumer desires for more experiential shopping environments, contrasting with traditional malls. This shift aligns with a growing demand for luxury goods and services, further driving the appeal of lifestyle centers that often house upscale brands and experiences.

The Rapid Growth of Lifestyle Centres Corresponds to the Decline