Why Shopping Mall culture is losing its sheen in India (2024)

FAQs

Why Shopping Mall culture is losing its sheen in India? ›

Digitalisation and growing E-commerce platforms are one of the reasons behind the decline in shopping mall culture. People prefer online shopping to traditional shopping as the former offers various discounts and thousands of options.

A longtime fixture of American culture, shopping malls have suffered for decades amid a rise in online shopping, a decline in visitors to department stores, and, more recently, the COVID-19 pandemic, which kept consumers home.

The number of dead malls has increased significantly because the economic health of malls across the United States has been in decline, with high vacancy rates in many of these malls.

India is dealing with a strange issue known as "Ghost Mall," which is prevalent in Delhi-National Capital Region (NCR), Pune, and Hyderabad. According to the most recent report from Knight Frank India, "Think India, Think Retail 2022," the issue has caused a total loss of more than $524 million.

As of today, there are 116,000 shopping centers in the country. At the same time, the number of vast and iconic objects has decreased from 2,500 in the 80s of last century to 700 at present.

Are malls coming to an end? It's unlikely that shopping malls will become obsolete. While the rise of online shopping has had an impact on mall traffic, malls are still popular places to shop, and many people enjoy the experience of going to the mall.

The main problems created by shopping malls include parking lot offenses (car theft, purse snatching, etc.), traffic congestion, shoplifting, check and credit card fraud, and employee theft.

To conclude, there are so many benefits of shopping in large malls such as discounts on items, premium quality products, all kinds of items under one roof, etc which are attracting people to come there.

The largest mall in the United States, the Mall of America is located in Bloomington, Minnesota only 15 minutes from downtown Minneapolis and St. Paul.

What is the problem in retail in India? ›

Many challenges like logistics , power supply, understanding the customer behavior, ever increasing demands of customer, distribution channel , unorganized retailers etc were figured out. The availability, feasibility and adoption of technology is the major challenge faced by the Indian retail outlets.

Going forward, several factors, such as store location, brand positioning, mall management, and mall marketing exercises, should be carefully evaluated in order to maximise revenues for both the mall developer or management controlling the mall as well as the retailer leasing space within the mall.

Lakhpat, Gujarat

Previously an important port city, Lakhpat has now been abandoned for almost 200 years, after an earthquake in 1819 lead the town to its current fate. The earthquake that changed the course of river Indus to its present one, dried up the town.

India is a shopper's paradise! There is an astonishing variety of dazzling clothes, shoes, jewelry, handicrafts, spices, souvenirs and much more to buy in India. You can find all these items at different shopping places all across the country, ranging from traditional bazaars to high-end malls.

Why shopping centers are becoming obsolete. Experts have been predicting the demise of shopping centers for a long time now, but the COVID-19 pandemic may have put the final nail in the coffin. Many mall retailers are drowning in debt as the pandemic forced them to close their doors for months – or forever.

Malls in the United States have become a trend as customers prefer a wider repertoire. You will find malls in every large city across America.

Malls are seeing an increase in traffic in 2022, with U.S. malls and outlet centers reporting an occupancy rate of 93.9% as of June 2022, up from 91.8% a year before. So far this year, 4,432 stores have announced openings compared to 1,954 closures, resulting in a net of 2,478 openings.

The Bottom Line: By adding restaurants and services as well as creating experiences that cannot be mimicked online, malls will ultimately be turned into places where people go to shop, eat, and be entertained – which is a main reason people shop at malls rather than ordering online.

The average lifespan of a retail mall design globally is about seven years, and probably shrinking. That means that shopping centers built before 2004 probably don't provide the amenities and shopping environment or international fashion brands younger, more affluent consumers are seeking.

How will malls change in the future? ›

Najafi: The mall of the future is less retail and more content, more social and more experiential. There is an opportunity to reinvent the mall experience and bring people together in a way that encourages connection, functioning as the heart and central gathering place for the community.

Translated, agoraphobia means 'fear of the marketplace'. Generally, busy public places (such as supermarkets, shopping centres, trams, trains, planes and airports) are feared the most.

For example, you can experience dizziness walking around the mall because your brain is trying to deal with stimuli, bright lights, arrays of products everywhere, and other people's movements. That can produce dizziness as a side effect, making you feel anxious and uncomfortable in a large space.

One of the most common pollutants in shopping malls is carbon dioxide (CO2). Since CO2 comes from exhaled air, it can start to accumulate in crowded malls with poor ventilation or air distribution.

American malls were created in the rise of suburbia in order to create spaces for Americans to gather and form communities. Starting with the opening of the Southland Mall in 1956, malls have been a vaulted piece of Americana for decades.

The cons of operating in a mall retail space

Must follow operating days and hours, including holidays, with those of the entire mall. Higher rent costs, especially in larger, well-maintained and popular malls.

Smaller store locations means lower rents, fewer employees, and less inventory-on-hand – overall it means lower overhead. With the right mix of product in-store, a smaller format store can often mean a more efficient sales strategy.

Sawgrass Mills, Florida

With a massive 350 stores to explore, Sawgrass Mills is the largest outlet, retail and entertainment destination in the United States. Stores include Coach, Gucci, Jimmy Choo, Michael Kors, Polo Ralph Lauren and Prada. One of the highlights of Sawgrass Mills is the life-size Barbie House.

Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana.

It is the largest shopping mall in the state of New York and the 9th largest in the country. In 2021, Destiny USA was included among the top 20 most visited shopping centers in America, attracting over 26 million visitors a year.

What is the main problem in the present industry in India? ›

What are the Challenges Associated with the Industrial Sector in India? Lack of Efficient Infrastructure and Manpower: High technology based Infrastructure especially for transportation and skilled manpower are crucial for enhancing manufacturing competitiveness in the globalized economy.

As per Kearney Research, India's retail industry is projected to grow at 9% over 2019-2030, from US$ 779 billion in 2019 to US$ 1,407 billion by 2026 and more than US$ 1.8 trillion by 2030. Revenue of India's offline retailers, also known as brick and mortar (B&M) retailers, is expected to increase by Rs.

The future of retail in India is Omnichannel Assistance. It will offer an offline experience while letting you benefit from online portals. You will be able to buy online and ship from the store, reserve online and pick up from the store, and get unlimited digital aisle access to stores and fit catalogs.

UB City – The Collection, Bengaluru

UB City, Bengaluru, is home to The Collection, which is among the premium shopping destinations in India. Brands such as Estée Lauder, Lladró, Louis Vuitton, and Michael Kors line the floors of the mall for you to experience the best of beauty, fashion, and home decor.

The DLF Emporio is a luxury name and one of the country's most opulent shopping malls. The four-story complex, which boasts 320,000 square feet of retail space, offers a one-of-a-kind customer experience for those who appreciate the complexities of luxury.

Phoenix Market City, Mumbai

Before the inauguration of Lulu Mall, Kochi was the largest retail centre in India. This mall offers the most refined luxury, much like all the other Phoenix Market Cities. High Street Phoenix, where all the major luxury brands like Gucci, Armani, Chanel, etc.

The mall culture in India started during the 1990s. All this began when the retail trend became prominent in India in 1999. “Ansal Plaza” in Delhi was the first-ever mall in India. Till the end of 2002, only “Ansal Plaza ”, “Spencer Plaza ” in Chennai, and “Crossroads” in Mumbai were the only three malls in India.

As the contemporary retail sector in India is reflected in sprawling shopping center. Multiplex-malls and huge complexes offer shopping, entertainment and food all under one roof, the concept of shopping has altered in terms of format and consumer buying behavior, ushering in a revolution in shopping in India.

ADVERTIsem*nTS: Driven by growth in middle class income, education level, standard of living and willingness to spare money, middle-class Indians have broken off their love of traditional stand-alone Indian stores that have no air conditioning; organized parking and other public amenities.

Black City, Kolkata- A number of Europeans were imprisoned in a small lockup popularly known as the Black Hole of Calcutta. Another reason being a finger of goddess Kali fell here when Shiva was carrying her dead body.

Does the US have ghost cities? ›

As The New York Times reported, some 3,800 ghost towns exist in America, mostly abandoned between the 19th and 20th centuries for greener pastures and big city dreams. However, just because no one lives there doesn't mean you can't visit. Here are 11 ghost towns in the U.S. you can still experience today.

Welcome to Jerome, Arizona, America's largest ghost town.

As the birthplace of the mega-mall and many of the world's best-known brands and retailers, it's no surprise that the USA is home to many fantastic shopping destinations.

Phoenix MarketCity, Mumbai

One of the largest and the prettiest shopping malls in India, Phoenix MarketCity is situated in Kurla, Mumbai. With a number of shopping brand outlets for apparels, footwear, accessories etc, the mall also boasts of a humongous food court and a huge multiplex for movies.

California has the most with 15,285, followed by Texas's 12,834 and Florida's 10,843, according to CoStar data presented in the International Council of Shopping Center's annual State Statistics report.

To conclude, there are so many benefits of shopping in large malls such as discounts on items, premium quality products, all kinds of items under one roof, etc which are attracting people to come there.

The Mall at Turtle Creek in Jonesboro, Ark., on March 29, 2006, was considered to be the last truly enclosed mall constructed, according to the ICSC, and was the only enclosed mall to open in the country that year.

Hydrocarbons, such as trichloroethylene, tetrachloroethylene, and dichlorobenzene, can also contribute to air pollution in shopping malls. This class of VOCs can come from cleaning products, dry cleaning chemicals, and air fresheners.

What are the factors affecting the success of malls? ›

2.3 Factors that contribute to the shopping mall success

Among the factors that contribute to the shopping centre success are strategic location, good shopping centre design and layout, wide ranging tenant mix, sufficient parking space and efficient promotion and marketing strategy.

Organize events and activities to drive more traffic to the mall. Invite non-profit organizations and community groups to hold events to entertain the audience and improve their mall experience. Plan events that will entice them to engage and spend more time at the mall.

... Shopping malls are visited by customers not only to search for a product or service, but they also view these visits as a form of entertainment activity that provides fun from the shopping experience. This is (Makgopa, 2016) .

On the other hand, there are also disadvantages when shopping in large shopping mall. Due to the high rent, products in shopping malls can be more pricy than their counterparts in traditional stores.

Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana.

Southdale Shopping Center, located in Edina, Minnesota, was the first totally enclosed shopping center in the nation.

Burwood Brickworks, The World's Most Sustainable Shopping Centre. The LBC is the most advanced and considered award of sustainability in the building environment. No 'greenwashing' in sight, the requirements for this award are specific.

This use of malls produces huge traffic rates in a closed area—even with the existence of open spaces—and results in raised sound levels. This leads to poor acoustic comfort due to the noisy space, and these effects primarily influence the staff working in shopping malls.

Shopping malls can incorporate sustainable design elements into their buildings and facilities. This can include utilizing passive cooling techniques such as natural ventilation, locally sourced building materials like wood from sustainably managed forests, or recycled steel beams from local scrap yards.