Shopping Centre News - May 2019

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The shopping mall is on the cusp of a major
change.From being mere buildings housing stores,
they are evolving into becoming an integral part
of the community they belong to, places where
people spend their leisure time. This is particularly
true for a country like India where the weather
conditions and the need to move around in a car
dictate where people spend their free time! But just
when the mall was settling into a routine, came
a new medium of sale, in form of e-commerce.
People switched over for the convenience and the
comfort, the sea of choices, deep discounts and
doorstep delivery.
The Indian mall developer was jolted out of his
comfort zone, as shoppers who once thronged
malls were now ordering on phones, computers
and tablets, siphoning sales from physical stores.
They started facing the heat to reinvent their
shopping centres. And what a reinvention it has
been. From simply housing well-known chain
stores, cinemas and supermarkets,the Indian mall
has transformed itself into a FEC – a place where
people can eat, watch movies, take part in events
and activities, spend quality time in play zones
with their children, and maybe shop some!
Gyms, supermarkets, hotels, co-working space,
pop-up stores, expanded food courts, movie
theatres and event spaces are all filling up the retail
space in the malls, bringing in footfalls and pulling
back customers and revenue from e-commerce

SCAI Mega Roundtable: Fashion & Lifestyle And The Retail Spaces Of Tomorrow

Even as online retail cannibalises store business, shopping centres worldwide are all set to lure in the consumer by adding more and more unique experiences in their premises, some retailers have responded by shuttering stores to cut costs, leaving more shopping malls and plazas empty – resulting in a painful upheaval in an industry that employs millions of people globally – others are gearing up to bring back the consumer…

10+ mins

Select CityWalk To Get New Retail Mix; Focus On Fashion & Beauty

To keep up the exclusivity, and consumer demands, Select CityWalk is partnering with a variety of brands present in the centre. The focus this year will be on three categories - fashion, beauty and curated food…

2 mins

Kiosks In Shopping Malls: Big Revenue Opportunity For Small Businesses

A quick Google search on small business ideas apt for a mall will throw up options of the most in thing these days – setting up a kiosk. The business of kiosks in malls isn’t something that has happened overnight. This business idea has been advocated globally in developed countries for decades, even though it has picked up pace in India very recently…

10+ mins

World Retail Congress: Where Ideas Go Global

The 2019 mega event will be featuring 170+ speakers and 1400 attendees from 55 countries. The objective is to stay united in their focus on understanding and serving today’s consumers and ensuring that their businesses change and innovate at the breakneck speed necessary to survive and thrive.

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.