Ever since department stores made their entry into the shopping malls, they have been playing a significant role in their success. Offering a diverse range of products under one roof, including clothing, accessories, cosmetics, footwear, home goods, electronics, and more, department stores serving as anchor stores has been a regular pattern in malls.
E The presence of department stores, like Shoppers Stop, Pantaloons, Reliance Trends, Lifestyle attracts a significant amount of foot traffic to the mall, benefiting both the mall and the retailers.
As department stores house a massive mix of popular national and international brands, it gives them an edge over the other stand-alone stores in the mall also in terms of dwell time. Shoppers tend to spend extended time in a department store browsing through the broad range of choices in terms of styles, sizes and price points.
"The department stores in malls drive substantial revenue and foot traffic. They serve as anchor tenants, attracting customers who often explore other stores. Their broad product range caters to diverse needs, enhancing mall appeal. Moreover, these stores often host sales and events, boosting overall mall engagement and profitability," Ravinder Choudhary, Vice President, Vegas Mall explained.
However, with the emerging trend of food courts, F&B (Food & Beverage), Family Entertainment Centre (FEC), gaming zones, cinema and events in malls taking precedence, the role and impact of department stores have taken a back seat in terms of footfall and revenue in the last few years.
この記事は Images Retail の August 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Images Retail の August 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Our Malls Should Reflect the Customer of Today
Twenty four years old Sanya Runwal, Director - Retail, Runwal, speaks about the guiding principles behind the group's retail transformation, future developments and her vision for brand Runwal as the next generation leader
D2C Brands Flag Bearers of India's Growing Digital Economy
Bypassing the intermediaries and traditional distribution channels, and leveraging digital platforms and cutting-edge technologies to service consumers directly, D2C brands have emerged as a disruptive force on the Indian retail landscape
From Sleeplessness to Success
The dream journey of The Sleep Company from being a D2C startup founded to help Indians sleep better to crossing 100 stores and ₹500 crore ARR under five years to become one of the fastest growing D2C-first brands
REDEFINING FASHION RETAIL WITH EXPANSION, DIGITAL INNOVATION, AND SUSTAINABLE GROWTH
CnM Chunmun, a name synonymous with fashion and lifestyle retail in North India, is embarking on an exciting new chapter in its impressive 40-year journey.
Retail Sector Records Strongest Hi Leasing in 5 years: CBRE
Leasing in Bengaluru, Chennai, and Delhi-NCR accounted for 59% share during Jan-June 2024.
Lulu Mall Bengaluru Welcomes 5 New Brands
Lulu Mall, Bengaluru, operated by the multinational developer Lulu Group, has expanded its portfolio by welcoming five new retail brands, the company wrote on social media.
Gujarat gets its First IMAX at Palladium Ahmedabad
Mumbai-based PVR Cinemas opened a new theatre at Palladium Ahmedabad, a social media post by a company official.
Budget 2024-2025: What's in it for Retail?
An overview of all the retail ecosystem-related measures in the Budget 2024-2025 revealed by Finance Minister Nirmala Sitharaman in her 7th budget speech.
Identity As a Service (IDAAS) Simplified
An explainer on Identity and Access Management-As-A-Service (IDaaS) in the context of retail.
6 Ways in Which D2C Brands are Redefining Physical Stores
From quirky fixtures to restageable elements, D2C brands do it differently when they open brick-and-mortar stores