Shopping Centre News
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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
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.