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Can you list the top facts and stats about Shopping mall?
Summarize this article for a 10 years old
A shopping mall (or simply mall) is a large indoor shopping center, usually anchored by department stores. The term "mall" originally meant a pedestrian promenade with shops along it (that is, the term was used to refer to the walkway itself which was merely bordered by such shops), but in the late 1960s, it began to be used as a generic term for the large enclosed shopping centers that were becoming commonplace at the time. In the U.K., such complexes are considered shopping centres (Commonwealth English: shopping centre), though "shopping center" covers many more sizes and types of centers than the North American "mall". Other countries may follow U.S. usage (Philippines, India, and U.A.E.) while still others (Australia, etc.) follow U.K. usage. In Canadian English, and often in Australia and New Zealand, the term 'mall' may be used informally but 'shopping centre' or merely 'centre' will feature in the name of the complex (such as Toronto Eaton Centre). The term 'mall' is less-commonly a part of the name of the complex.
Many malls have declined considerably in North America, particularly in subprime locations, and some have closed and become so-called "dead malls". Successful exceptions have added entertainment and experiential features, added big-box stores as anchors, or converted to other specialized shopping center formats such as power centers, lifestyle centers, factory outlet centers, and festival marketplaces. In Canada, shopping centres have frequently been replaced with mixed-use high-rise communities.
In many European countries shopping malls continue to grow and thrive.
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