The original Miracle on 34th Street didn't need a remake, but this version isn't terrible. I actually think Richard Attenborough makes a great Santa Claus, and Elizabeth Perkins portrays a skeptical mother pretty well. However, this new adaptation makes some unnecessary additions that don't really add anything to the story (though they certainly add to the runtime) and it changes some parts that lessen the overall impact of the movie. I'm not surprised that people still choose to watch the classic 1947 film each year instead of this, but I don't mind watching the 1994 version every few Christmases.
Review of Miracle on 34th Street
