In this issue

Here’s to the Facilitators of Shopping Centre Success

Making a shopping centre popular and profitable is hard work. It is also teamwork. To get the leasing strategy, the tenant mix and zoning right requires expertise. And while malls usually have skilled teams onboard, sometimes bringing an external facilitator is required. Enter real estate consultants.
With their depth of analytical skills, industry knowledge, contacts and experience, consultants sometimes prove to be the magic ingredient for success not just for mall developers but retailers as well. After all, the shopping centres are a collective business

IMAGES Group recognises the contribution made by these professionals to the shopping centre industry. From finding the right tenants to helping turn around a flailing centre and working with brands and retailers to create magic for customers, consultants add tremendous value to the retail real estate ecosystem. In this edition of Shopping Centre News, we feature some of the leading and reputable real estate consultants in the business of shopping centres. The edition carries an exclusive feature talk highlighting the journey, challenges, aspirations, vision and goals of these professionals.

Some Malls Reopen In Israel, Defying Virus Rules

As Israel began to ease lockdown measures, several chain stores in outdoor shopping centers across the country opened to customers in violation of the ongoing Coronavirus restrictions on commerce. Strip malls belonging to the BIG group opened at several locations in the center and the north of the country.

1 min

Pandemic Rules For Stores, Malls A Grey Zone For Shoppers

As shoppers line up outside malls and retail outlets in Winnipeg, some uncertainty remains about how provincial public health guidelines are being applied to malls and large retail outlets.

1 min

SHOPPING MALLS REPORT HIGHER CONVERSION & REVIVAL RATES IN FESTIVAL SEASON; BEAUTY, ATHLEISURE, JEWELLERY & WATCHES TOP PERFORMERS IN TIER II CITIES

Shopping Centre News conducted a survey on ‘Consumer Sentiment, Behaviour and Comparisons of Sales in Festival Season (2019-2020)’ to find out the exact situation of the Shopping Centre Industry on the ground. 35 shopping malls pan India (from Tier I, II & III cities), participated in the survey and the results were quite overwhelming. Though the percentage in sales, revenue, footfall has been less in comparison to last year, the conversion rate and revival rate saw a huge surge. As a result, mall developers are looking forward to a speedy recovery in comparison to what they had predicted during the initial stages lockdown…

10 mins

Malls Go Online As Shoppers Stay Home

The pandemic has forced mall operators and retailers to accelerate their digital transformation. Mall operators are now working closely with retailers to offer personal shopper services, delivery and curbside pick-up for customers who are still wary of going inside the mall.

1 min

IT'S BACK TO BUSINESS AS MUMBAI MALLS CLOCK 80-90% YOY SALES, USHER IN NEW STORES

Mumbai, India’s financial capital may have been the last to let shopping centres open their doors for consumers but six months since the opening, business has picked up and is almost at par with that of malls across other cities in India. While a chunk of the credit for the flourishing business goes to the spirit of Mumbaikars, it is indeed commendable to note the way malls have taken care of the most minute of details to bounce back…

10+ mins

Delhi Allows Cinemas to Run at 100% Seating Capacity

Cinema halls, which have been operating with a 50 percent cap on seating, will run at full capacity from Monday. Delhiites will also be able to use swimming pools. This was allowed in an order issued by Delhi Disaster Management Authority on Sunday, which also permits trade exhibitions and opening of stadia for sports events.

1 min

Home Centre Opens its First Uttarakhand Store in Pacific Mall

Home Centre, leading home retailer in India established in 1995 has launched its first Uttarakhand store at Pacific Mall in Dehradun. Home Centre has 52 stores Pan India in cities like Delhi, Mumbai, Lucknow, and Bangalore. The brand started off with a single store in Sharjah, UAE.

1 min

Flash Mob for Road Safety Awareness at Growel's 101 Mall

Supporting the Road Safety Month initiative, Growel’s 1O1 Mall in Kandivali organised a fun filled Flash Mob performance by NGO We Can We Will Foundation to create awareness in a fun way about avoiding road mishaps. Gracing the occasion as the Chief Guest of the evening was Senior Police Inspector Mahadev Jadhav. The event was also attended by authorities from the traffic department of the Mumbai Police.

1 min

Growel's 1O1 Mall Attracts New Stores on Basis of its Post Unlock Recovery Rate

Malls in Maharashtra re-opened in August’20 after more than four months of the pandemic induced lockdown with initial footfalls at only 20% - 25% of previous year.

1 min

Airia Mall in Association with TRRAIN Creates Livelihood for Persons with Disabilities

In India there are about 26.8 million Persons with Disabilities (PwDs) out of which their employment is less than 1 percent, as per the census of 2011. In an attempt to support employment to PwDs, AIRIA Mall in association with Trust for Retailers and Retail Associates of India (TRRAIN) is opening a training centre to train them through TRRAIN’s livelihood creation program, Pankh – Wings of Destiny. On completion of their training, the trainees will be employed in the mall and its retail brands. The inauguration of the centre was done by Deepak Sethi, Project Director Reach Promoters Pvt Ltd and Sanjeev Kumar Centre Head, AIRIA Mall.

1 min

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

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

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

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

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

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

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

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

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

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

STATE-OF-THE-ART SHOPPING MALLS ARE REDEFINING RETAIL IN RAJASTHAN

Currently, there are as many as 18 operational malls across various cities in Rajasthan, and two more are in the planning stage. Of the 18 operational malls in the state, 9 are in Jaipur, 3 in Udaipur and 2 each in Ajmer, Kota and Jodhpur. The cities with the two upcoming new malls are Udaipur and Kota, which will be spread over a total 4.1 lakh sq.ft. area combined…

8 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

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

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

Spot On: Parking Gets A Deep-Tech Makeover

Digital parking solutions platform Parkr hopes to transform India’s large-box parking infrastructure management systems.

3 mins

Malls Turn Parking Lots Into Revenue Making Properties

It is essential for a shopping mall to come up with a comfortable parking layout to provide their customers with a seamless experience. And while most malls have already mastered that, they are now using the area to host viable events and generate revenue for malls which have been hard hit in COVID times…

5 mins

THE POWER OF ONE: SHOPPING MALLS AND RETAILERS MUST JOIN FORCES TO PREVAIL

The session ‘The Show Must Go On‘ at PRC, brings some dynamic developers and retailers from the shopping mall and retail industry that are already on the fast track – to discuss recent developments and plans ahead…

10+ mins

Special Events in Malls

Shopping Centre News brings you a detailed look at some of the most engaging mall activities/events/ launches across the country…

9 mins

SHOPPING CENTRES & RETAILERS: ACCELERATING COLLABORATION TO CO-BUILD INDIA'S CONSUMPTION STORY

In a session at PRC, Amitabh Taneja, Chairman-SCAI and Bijou Kurien, Chairman- RAI, discuss the new parameters of consumer consumption and how shopping malls and retailers need to collaborate on these factors in post and current COVID situation.

10+ mins

Read all stories from Shopping Centre News

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.