Shopping Centre News - December 2020

In this issue

Malls Take the Added Responsibility of Safety & Hygiene

Barring the last one year, the year 2020 marks the end of a successful decade for the Shopping Centre industry. A lot has changed for the industry in the last 10 years. The operational mall tally in India crossed the 600 mark, bringing with it, many new investors, making India the new ‘it’ retail destination. The mall culture, which was earlier only limited to Tier I cities, made successful inroads into Tier II and beyond. With better infrastructure available -near home, Tier II and beyond are no longer rushing to big cities for all their shopping needs. Cities in Tamil Nadu, Karnataka, Kerala, Uttar Pradesh, Rajasthan and Maharashtra have witnessed malls of total built up areas of more than one million sq ft (and mostly premium malls) which are comparable to world class malls.

The year also saw some of the unprecedented challenges in the form COVID-19, hitting the industry very hard. As shopping malls witnessed a shutdown for a period of seventy days and more in some cases, mall developers faced grave difficulties in every aspect –including renting, leasing, manpower, job loss and resources.

MALLS NOW HAVE AN ADDED RESPONSIBILITY – OF MAKING SURE THAT ALL IS WELL

Shopping Centre News speaks to mall owners and developers to find out the measures they have put in place for the wellbeing of their patrons and staff...

10+ mins

SHOPPING CENTRES IN SMALLER TOWNS LEVERAGE DIGITAL TO STAY AHEAD

Mall developers and experts agree that smaller shopping centres in Tier II and beyond have better recovery rates in comparison to those in urban areas. In an attempt to understand and dissect these opportunities, PRC hosted a session called ‘Emerging Opportunities in Emerging Markets’ to know what’s working in Tier II and beyond, making these markets the next big thing…

10+ mins

DIGITAL REVOLUTION: SHOPPING CENTRES GET A TECHNOLOGICAL MAKEOVER POST COVID

Industry captains discussed how technology can be a boon for the shopping centre industry, if used correctly, adding richness to real life experiences, while providing convenience to consumers…

10+ mins

NEW BUSINESS MODEL, INNOVATION, CAMPAIGNS, CROWD MANAGEMENT REINVENTED VIVIANA'S REVIVAL POST-LOCKDOWN

Profiles, behaviour and needs of consumers have undergone a sea change, macroeconomic situation is vastly different, work-from-home and other factors have led to large-scale migration of workers, policies are evolving to meet the current needs, and much more – all this with an undercurrent of uncertainty.

4 mins

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Shopping Centre News Magazine Description:

Shopping Centre News magazine – launched at the India Shopping Centre Forum on March 18, 2008 – is currently in its 11th year of publication. In its decade+ journey, the publication continues to thrive as a knowledge resource center that collects, analyses and disseminates information on the rich Indian shopping centre industry.

The mission of the magazine is to encourage the development and spread of sophisticated management paradigms and maintenance methods, keeping in context global benchmarks of the mall industry. The monthly magazine also provides a body of focused research into the architecture, aesthetic and design aspects of shopping centres.

The magazine – which is the foremost, most authoritative publication for the shopping centre industry in India – is now available every month and in an all new format. It will continue to act as a bridge between the shopping centre developers and the retail community to help forge a mutually profitable relationship.

Shopping Centre News’ subscribers include everyone from CEOs, to marketing, leasing and fund managers to retailers, architects and retail designers. For those who want to keep up-to-date across the latest developments and events in the world of shopping centres, the magazine is a must-subscribe.