Shopping Centre News - January 2021

In this issue

Malls, Retailers Will Collaborate to Build India’s Consumption Story

Retail is all about consumerism and the shopping centre industry is the key driver of consumerism in India. My belief is that modern retail drives consumption and that malls are pillars that power this drive seamlessly. However, I also believe that consumerism in India has not scaled up to the level it could have gone up to and the onset of COVID-19 stunted this growth on a global scale.

But 2020 is over and as we enter into a new decade, we have certain promises, goals and missions to take on. Re-building the consumption story of Indian retail is one of them and shopping centres will play a very significant role in this journey.

Moving towards a brighter, more positive 2021, IMAGES Group conducted its first on-ground event post-COVID. At the ‘Retail RealEstate Strategy Meet’, we welcomed 100 retailers and mall developers. It was an evening well spent listening to and absorbing the ideas and initiatives which top retailers and shopping centre heads came up with during and after the lockdown period to get back on the track of revival and growth.

LuLu Group to Invest ₹200 Cr in Noida

The Abu Dhabi-based Lulu Group has announced its expansion plans in Uttar Pradesh, involving ₹200 crore more investment at Greater Noida, as per a report by PTI.

1 min

Mall Owners to Work on New Projects, Acquisitions Despite COVID-19

Shopping mall owners are bullish about growth prospects of India’s retail sector despite the disruption caused by the COVID-19 pandemic and will continue to build new projects as well as look for acquisition to expand their businesses,...

2 mins

SUGAR Cosmetics Expands Offline Presence Amid Pandemic, Opens 3rd Mumbai Store in Oberoi Mall

While many brands faced hardships during the lockdown period, SUGAR Cosmetics continued to spread the joy of makeup to their fanbase through these difficult times.

2 mins

Geetanjali Salons Inaugurates Third Store at Phoenix Palassio Mall, Lucknow

India’s leading high-street salon chain Geetanjali Salons today unveiled its third store here at Phoenix Palassio Mall, Lucknow amidst the presence of renowned celebrity hairstylist and Managing Director, Geetanjali Salons, Sumit Israni.

2 mins

RETAIL REAL ESTATE STRATEGY MEET: MALLS & RETAILERS TALK COLLABORATION, CO-CREATION OF CONSUMER CONFIDENCE & DIGITAL TRIGGERS TO BOOST DEMAND

IMAGES Group’s 1st on-ground event post-COVID, Retail Real Estate Strategy Meet was all about listening to and absorbing ideas and initiatives which some of the top retailers and shopping centre heads came up with during and after the lockdown to get back on the track of revival and growth…

10+ mins

How Shopping Centres Can Analyse Market & Consumer Trends

In an attempt to understand consumer trends and market analysis, the Phygital Retail Convention (PRC) hosted a session titled ‘How To Analyse Market & Consumer Trends?’ from the shopping mall developers perspective. The idea of the discussion was to find the impact and approach of tenants and consumers towards the shopping mall in coming months…

10+ mins

THE IMPACT ON BUSINESSES AND WEALTH EROSION IS EXPECTED TO WEIGH ON THE INVESTMENT DECISIONS OF HNIS: JLL

Real estate, which plays the dual role of contributor as well as a beneficiary of growth, will prove to be the most important asset class in the HNI portfolio due to its tangible nature and associated wealth indication

8 mins

INORBIT MALLS EXPANDS OFFERING WITH THE LAUNCH OF 23 NEW STORES POST LOCKDOWN

There is a whole evolution in behaviour, and everyone is trying to accept and move forward with the transition. Businesses are focussing on cost efficiencies and regaining customers trust. Brands are taking the contactless, appointment-based and tech-driven route. Technological integration has enhanced the human interface. Formats like self-check-in and check-out could be the next emerging trends...

4 mins

CHANGING DYNAMICS & CONSUMER SHIFTS OF THE FURNITURE INDUSTRY TOWARDS PHYGITAL

There is a need to utilize the vowels of the new voyage – namely Adaptability, Empathy, Innovation, Ownership and Understanding – with more passion and commitment than ever as the journey continues into the New Year with renewed hope..

5 mins

50% Of Real Estate Cases Under IBC Closed In 2020

The NBFC catastrophe in the second half of 2018 led to a severe liquidity crisis for developers and the non-availability of the refinance window caused many under-construction real estate projects to be stalled…

5 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.