Strategies For Malls To Engage Shoppers During Uncertain Times
The offline retail landscape has never been a static one. But it has perhaps never been as subject to constantly shifting trends and events as it is now, especially with COVID-19 moving from the backdrop to a full-frontal assault on the industry. These unpredictable times are spurring retailers to learn, unlearn, and relearn what retail customer engagement should be in a world of instant, continuous connections. And malls will be part of these transformations… read more
Hyderabad: Pandemic to push back new malls by few years
With the retail sector suffering the hardest blow due to the Covid-19 pandemic, new malls, that were expected to hit the city market in 2020, could now take another five years to come up, said industry experts. Retail rentals too are likely to drop by 10% to 15%.
According to the data available with Anarock Property Consultants, Hyderabad was expected to see as many as seven malls, spanning over nearly 2 million square feet (sqft) area, this year… read more
Retail shops of Northeast seeks government help
The retail industry in the Northeast, hit hard by the Covid-19 pandemic with losses estimated at Rs 10,000 crore, is looking for government assistance while trying to keep the home and hearth of their employees going… read more
Which Shopping Malls Are Recovering Faster in China?
China’s retail traffic began to rebound in mid-February — but how can brands bank on this opportunity? Cosmose AI, an offline behavioral technology company, has analyzed offline retail traffic from January to March 2020. The study is based on data gathered from over 360,000 stores, including over 600 luxury and beauty brands, and major shopping malls in mainland China, Hong Kong, and Macau. Its clients include LVMH, Richemont, L’Oréal and Walmart, and more. The fresh data offers a glimpse into how brands can navigate the reality of China’s “revenge shopping” retail scene… read more
Simon Property Group plans to reopen 49 malls nationwide
With more U.S. states moving to ease restrictions on business, Simon Property Group plans this week to start reopening dozens of malls around the country that had closed due to the coronavirus… read more
Saudi malls fill again as kingdom eases coronavirus closures
Saudis began tentatively returning to shopping malls and open-air markets on Wednesday after authorities relaxed restrictions imposed to curb the spread of the novel coronavirus.Security guards took shoppers’ temperatures as a small number of visitors entered upscale malls in central Riyadh. A strong smell of sanitizer wafted through the homewares, cosmetic and clothing stores… read more
Malls Face Catastrophic Hit in Canada With Unpaid Rent Surging
Canada’s malls are facing a wave of skipped rents and could see vacancy rates triple by year-end, with the coronavirus poised to leave its scars on a fragile retail sector long after the pandemic ends… read more
With 100,000 stores set to close by 2025, mall owners face this legal hurdle next
Mall and shopping center owners around the country are getting ready to come face to face with a major legal hurdle: Co-tenancy clauses… read more
Retail in India: Bridging the online-offline gap
Internet Users in India increased from 500 million in 2018, to approximately 630 million by the end of 2019, and much of that growth was propelled by rural users which grew by a rate of 35% in that time period… read more
Covid-19 is crippling Indian restaurants and retailers—and it’s still early days
With more and more Indians avoiding crowded places as a precaution against the coronavirus outbreak, the retail and restaurant industries in India may be in for a nightmare… read more
Coronavirus | IMF projects 1.9% growth for India in 2020
The COVID-19 pandemic is having a “severe” effect on the world economy and is expected to cause a -3% change (i.e., a contraction) in global output in 2020, “much worse” than the 2008-09 financial crises, as per the International Monetary Fund’s (IMF) World Economic Outlook (WEO). India’s growth is expected to dip to 1.9% in 2020 and rebound to 7.4% in 2021, as per the WEO, which was released by the Fund on Tuesday… read more
Mall Meltdown Coming
Headlines were hyping up a retail apocalypse a few years back. But then 2020 hit. This is the real retail apocalypse, if we’ve ever seen one… read more
Three ways malls and department stores can survive the growing number of COVID-19 lockdowns
Many states are closing nonessential businesses and urging residents to shelter in place to prevent the spread of COVID-19. The measures are forcing malls, department stores and brick-and-mortar shops – already hard-hit by closures, bankruptcies and dwindling business – to transition to online-only sales and experiment with alternative delivery options, such as curbside pickup… read more
China’s retailers face hard truth: If you reopen, they won’t come
Shopping malls and stores in China have quickly reopened as the government promotes a return to business as usual, only to see consumers stay home and keep their purse strings tight or shop online. Customer traffic is “less than half of usual levels” said a worker at a Walmart store in a Shanghai suburb late last month. Shelves in the vegetable and meat departments were well stocked, but few shoppers passed through the aisles during the normally busy late-afternoon hours. Even with its online delivery service, “sales are not growing at all”, the worker said… read more
AAP plans 24×7 operation of malls, restaurants and shopping complexes
Party animals in Delhi are pushing hard to get the permission for a buzzing nightlife. Ever since Mumbai was allowed by the state government to operate malls, food joints, pubs, night clubs and restobars round the clock, the Delhiites seem more eager to see 24×7 party zones in the city… read more
Three sovereign funds look to invest $400 million in Prestige
Singapore’s sovereign wealth fund GIC, Qatar Investment Authority (QIA) and Abu Dhabi Investment Authority (ADIA) are in talks with Prestige Estates to invest about $400 million (Rs 2,880 crore) as part of the property developer’s plan to monetise some of its commercial office… read more
10 Best Shopping Malls and Markets in Africa
Modern shopping centres across Africa began to boom in the last decade, signifying the growing middle class across the continent and its increased spending power. Malls are becoming a growing phenomenon in urban cities, with South African giant retailers such as Shoprite and Game, as well as French retailer, Carrefour, being the go-to giant retailers in the growing consumer market. Top notch markets and shopping malls in Africa are being build everywhere… read more
How Shopping Centres Are Investing In Solar To Drive New Revenues
Australian shopping centres are transforming into power plants in response to rising electricity prices, easy access to capital and lower costs for renewable energy infrastructure… read more
Dubai shopping malls group reports business growth among 21 community malls participated in the spin & win promotion during the 25th edition of Dubai shopping festival
The Dubai Shopping Malls Group (DSMG), in collaboration with Dubai Festivals and Retail Establishment (DFRE), concluded a successful campaign for the 25th edition of Dubai Shopping Festival – ‘Spin & Win’, with an incredible response from the Dubai shoppers. Increasing the base of daily winners proved to be a major catalyst for the growing shopper transactions during the promotional run and also impacted the overall sales positively within all the participating malls… read more
Ikea eyes shopping centre sites as part of expansion plan
The Swedish furniture retailer has already welcomed new staff to its property team from the wider business and it now aims to purchase the freehold of at least one shopping centre in Greater London, while also targeting others nationwide, Retail Week reported… read more
Mumbai set to become a maximum city from today
For a city that reputedly never sleeps Mumbai has found it hard to shop and party till late. That’s set to change from Monday, when newly relaxed laws kick in allowing many restaurants, fast food outlets and shopping malls to remain open round the clock… read more
Hyderabad to add 12 new malls by 2020 end
Hyderabad, which is witnessing an all-round growth in real estate-across office, residential and retail is now expected to have 12 new malls with over 4 mn-sq-ft area by the end of 2022, according to Anarock Retail, a real-estate consultancy and research company… read more
Virtual shopping mall from 2020
The Internet has had a radical impact on the way we shop, taking us beyond the traditional store and into a world where we choose what we buy by scrolling through images of the products on offer. But traditional retail could bounce back through the medium of virtual reality, thanks to virtual mall concept developed by the parent of Digital Mall of Asia (DMA), Yokeasia Malls Pvt. Ltd… read more
DLF invests Rs 100 crore on mall revamp to cater to millennials
“Our shoppers are mostly under 35. We want our malls to appeal to millennial shoppers. Interestingly, as many as 40 percent of footfalls in our malls are those of millennials,” said Pushpa Bector, Executive Director, DLF Shopping Malls… read more
H&M India sales up 43% at ₹1,490 crore
H&M’s fast fashion doesn’t seem to slowing down in India. For the year ended 30 November, 2019, the local arm of Swedish fashion retailer Hennes & Mauritz (H&M)—known for its affordable and trendy fashion—posted a 43% jump in sales touching nearly Rs1,500 crore, even as it opened fewer stores in the market and activated online sales though Myntra. To be sure, H&M Group that runs other brands such as COS, Monki, H&M Home, among others, follows a December to November financial year…
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‘There is no retail apocalypse’: Canada’s top shopping malls see sales growth
Many Canadian shopping malls are seeing sales growth as owners pour cash into non-retail amenities, such as entertainment spaces and unique food markets, in an attempt to retain and attract customers… read more
Jakarta to have four new shopping malls
Despite seeing a declining number of retailers, property developers are continuing to build new shopping malls in Jakarta… read more
Tata Realty sells 2 shopping malls in Amritsar, Nagpur for ₹700 crore to Singapore firm
VRSA will invest in rebranding the Trilium shopping malls
Tata Realty has sold two shopping malls in Amritsar and Nagpur to Singapore-based Virtuous Retail South Asia for ₹700 crore… read more
Malls make a killing by turning into one stop for all the wedding shopping
The scene — replete with priests, wedding planners, décor, cake specialists, photographers, makeup artists and gifts — is replicated across at least half a dozen malls, which are cashing in on wedding shopping — so far insulated from any real or perceived slowdown… read more
Back to square one in Bhubaneswar shopping malls, parking charges restarted
Shopping complexes in the city have restarted levying parking charges following an interim relief granted to a mall recently. Even as Bhubaneswar Development Authority (BDA) imposed strict provisions to prevent collection of parking fees at malls and shopping complexes, some commercial establishments, including Esplanade One, have allegedly resumed levying the charges after a gap of nearly two months… read more
Now, malls mine customers data to offer better deals
Malls now have tech to help them not only drive sales but also enhance the overall consumer experiences.
Pacific Mall in West Delhi figured out through algorithms that 65% of the customers at its food-court preferred vegetarian food. That prompted the mall to add a Halidram outlet and sales at the food-court went up by Rs 50 lakh a month… read more
Lodha looks to raise Rs 1,500 cr from two commercial assets in Mumbai
Lodha Xperia Mall is spread over 20 acres in the developer’s integrated township Palava City. The development is counted among India’s largest planned destination malls in terms of land area. It offers a combination of shopping arcade, outdoor adventure facility, a children’s museum, water sports on the lake and food zones… read more
Five Indonesian shopping malls to be sold for US$124m
NWP Retail, a shopping mall developer backed by Warburg Pincus LLC, will spend US$123.5 million buying five Lippo shopping malls in Indonesia.
Two shopping malls will be acquired from the Indonesian units of Singapore-listed Lippo Malls Indonesia Retail Trust for US$92 million while another three will be bought for US$31.5 million from entities owned by PT Multipolar… read more
“Accessible to everyone”: How shopping centres serve people with special needs
Shopping centres around the world are starting to make their properties more accessible for people with diverse needs by removing barriers and partnering with nonprofits… read more
Locals can park at 13 Mumbai malls
Parking for locals and visitors will be permitted inside 13 malls across the city, but the areas outside will be strict no-parking zones according to a plan chalked out by BMC and the new Mumbai Parking Authority (MPA) on Saturday. Charges will be reasonable… read more
Pacific Group to open new mall at Dwarka in Delhi on November 15; eyes Rs 40cr rent income per year
The company has completed the shopping mall and multi-level car parking project, which it bagged last year from Delhi Metro Rail Corporation (DMRC) through an auction process, with an investment of about Rs 100 crore… read more
Versace, Cavalli seek new partners in India; Longchamp shuts shop
Trouble looms over the luxury retail sector as consolidations are forcing brands to seek out new partners or close shop here. Iconic luxury brands Versace and Roberto Cavalli are on the lookout for a new partner in India and French bridge-to-luxury brand Longchamp has shut shop… read more
Prakash Jha promoted Mall honoured for its CSR activity
P&M Mall, promoted by legendary filmmaker Prakash Jha has won prestigious award for its CSR initiative during ‘Patna Floods’.The Mall was awarded during TAVF – The Activations Venues Forum held in Mumbai on November 7, 2019. The program was organised by Umbrella Agis, an integrated marketing agency headquartered in Mumbai… read more
Malls are now targeting millionaires
Suburban malls in the middle of America have been hit hard due the financial woes of anchor tenants like Macy’s (M) and JCPenney (JCP) and the slow death spiral at Sears… read more
Malls of Tomorrow Will Be Less Big Box, More Lifestyle, and Play Well With E-Commerce Too
Fourteen miles outside of Boston, the ground floor of what was a Sears at Burlington Mall has been stripped down to the steel. Renovations scheduled to finished in summer 2020 will transform the space into a “streetscape” of smaller stores and restaurants facing out on to dining patios and a one-acre park. (Consumers who aren’t keen on harsh weather need not worry, the interior connecting hallways will remain open.) The rest of the mall is evolving too, getting a ride-sharing waiting room, a media lounge, and a kids’ play area that will also have party rooms… read more
Nexus, Prestige in talks to merge mall business
Talks between Nexus malls and Prestige to merge the mall business in order to create the largest mall operator in the country is in its initial stage. If talks fructify, the combined entity could get enlisted as a real estate investment trust… read more
A cut above the rest, Zara now keen to cut mall rentals to size
A decade after its highly publicised entry into India, Spanish fashion retailer Zara is asking some malls where it has run stores for years to renegotiate rental terms, including reduction in revenue-share deals and either lower or total waiver of common area maintenance (CAM) charges that tenants must pay landlords… read more
Festival shopping peaks on weekend
The shopping districts and malls in the city witnessed heavy rush on Saturday, the last weekend before Diwali. Despite heavy police presence to regulate the traffic, Town Hall area, Gandhipuram and Brookebond Road remained congested from afternoon. It took many motorists more than 10 minutes to cross a 500m stretch. Shops are likely to remain open till 10pm to make most of the Diwali rush… read more
‘Mumbai’s Buyers have Become Mega-Consumers’: Gayatri Ruia
At a time when words like ‘Jimmy Choo’ and ‘Ermenegildo Zegna’ were just beginning to find a place in Indian vocabularies, business-couple Gayatri and Atul Ruia placed a bet. In central Mumbai’s Lower Parel, they had already turned a defunct mill into a high-street shopping and… read more
Virtuous Retail acquires three malls for $500 mn
Virtuous Retail South Asia Pte. Ltd (VRSA), the retail development joint venture between alternative investment firm The Xander Group Inc. and Dutch pension fund APG, has acquired two existing malls and an upcoming retail development project for around $500 million, said Siddharth Yog, its founder and chairman… read more
India to get over 65 million sq ft new mall space by 2022-end: Report
Despite the onslaught of the e-commerce business across the country, malls are still serious business as indicated by the number of development planned and proposed by realty developers. The sector is riding high on the phenomenal rise of consumerism and renewed interest by institutional investors,.. read more
Local shopping malls on radar of Asian, Arab investors
Shopping malls in Turkey are attracting the attention of foreign investors, particularly from Arab and Asian countries, including China and South Korea. The interest has grown significantly with the increase in the number of tourists from these regions… read more
Celebrate Diwali in style at Dubai Festival City Mall
Make sure you’re at Dubai Festival City Mall this Thursday to witness a Diwali celebration to remember. The popular destination will showcase a spectacular fireworks display, alongside the fourth edition of its huge IMAGINE show… read more
SCAI receives a nod from Maharashtra HC in ‘Parking Charges’ case
As you are aware the captioned matter was listed for hearing along with Writ Petition No.9471 of 2019 filed by City Centre Mall Pvt. Ltd. challenging the impugned resolution passed by the Nashik Municipal Corporation before the division bench comprising of Their Lordship Hon’ble Justice S. C. Dharmadhikari and Hon’ble Justice G. S. Patel at which time the following were present… read more
Nexus Malls joins SCAI as Founder Member
Nexus Mall has established as one of the leaders in retail real estate industry in India with a portfolio of 5.4 million square feet of Grade A retail space in India.
Their malls are spread across Mumbai, Pune, Ahmedabad, Chandigarh, Indore and Amritsar.
Nexus Mall is redefining the shopping culture in India by bringing about transformation for shoppers and retailers.
Nexus Malls believes in bringing transformation, improvement and innovation in retail sector.
Bhumika Enterprises Private Limited joins SCAI as Founder Member
Bhumika Enterprises Private Limited under the leadership of Mr. Uddhav Poddar has joined SCAI as a Founder Member; the aim of the company is to build quality living, commercial and hospitality spaces which will set a new benchmark in the industry.
It has a mall in operation at- Udaipur. – The Urban Square
Urban square is Rajasthan’s first European-styled retail cum tourist destination. 18 lac square feet of gross built area will be a regional power centre, a mega tourist attraction, a family leisure destination and a commercial center to provide the inhabitants of this royal city as well as the multitude of tourists, an unforgettable experience via its bevy of unique offerings.
Urban square is being constructed in two phases with the European-flavoured high street retail spaces, hotel& banquet, commercial studios, a mall with a 6 screen multiplex, hyper mart, anchor stores, food court, restaurants & play zone in the first phase and extension of retail, studios and offices in the second phase.
Uddhav Poddar, Managing Director and Group CEO, Bhumika Group speaks about creating a successful modern retail destination in a traditional tier 2 city like Udaipur, and the brand’s focus considering the changing trends in retail real estate With an insatiable appetite for innovation and a sharp entrepreneurial mind, 41-year-old Uddhav Poddar has shattered the stereotypes The post Our Focus is on Delhi NCR and Rajasthan, Uddhav Poddar of Bhumika Group appeared first on India Retailing.
The brand is also planning to redo the food and beverages section entirely with more fine-dining options, introduce new zoning strategy and loyalty programs as part of their new experience mode Going forward, where do you see the Indian real estate industry in the coming year? The pace at which organized retail development is picking up, The post Quest to Undergo Brand Revamp in 2023, New Consumer Experience Model to be Introduced, says Sanjeev Mehra of Quest Mall appeared first on India Retailing.
The second retail asset from the brand at Borivali East on the Western Express Highway will consist of residential towers, a 5-star hotel and a million sq. ft mall Going forward, where do you see the Indian retail industry in the coming year? As 2023 approaches, we remain optimistic that consumer demand in India will The post Oberoi Realty to Come up with Integrated Retail Infrastructure in Mumbai in 2023, says Sameep Pathak of Oberoi Realty appeared first on India Retailing.
The mall will be executing new innovations in the business model to further enhance and upgrade the customer service. Creating super value for the customers is the brand’s priority Gaurav Balani, deputy general manager – marketing, Infiniti Malls Infiniti Mall, a division of K Raheja Realty, operates two shopping malls in Mumbai and are rated as The post Infiniti Malls to implement new innovations in the business model in 2023 appeared first on India Retailing.
The centre will be home to discounting stores of bridge-to-luxury labels including GAS, Diesel, Superdry, Ted Baker, Brooks Brothers, Quicksilver, Roxy, Kenneth Cole, Paul, Tommy Hilfiger and Calvin Klein New Delhi: Pacific Group is readying to open doors to its first outlet centre in Jasola that would be home to discount stores of brands including Superdry, The post Pacific to open premium outlet centre in Jasola appeared first on India Retailing.
Shopping centres experienced high footfalls and crowds even during weekdays in the last few days of December with brands announcing their End of Season Sales New Delhi: As 2022 drew to a close, many brands added to the consumers’ festive cheer by announcing their end of season sales early. This bode well for shopping centres, which The post Malls benefit from early ‘end of season’ sales appeared first on India Retailing.
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