Shopping Centre News - August 2019

Publisher: Images
Category: Business, Education
Language: English
Frequency : Monthly

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If you have ever visited malls in the West, you would see that they are extremely different from their Indian counterparts. There is something trendy everywhere you look, new innovations implemented cleverly and successfully. One trend which has come from the West is the Concept Store. Originally, found on high streets, concept stores are today the core of shopping malls all over the world. In India, with the explosion of e-commerce on the retail scene, malls use these re-imagined and re-engineered as a means to improvise their offerings and to rake in the footfalls. Malls or Consumer Engagement Spaces invest in experiential retail through concept stores, which are all about discovery and experience – selling a carefully curated, unique selection of products that connect to an overarching theme. Concept stores began small, with only apparel stores investing in them, but now almost every segment of the industry is experimenting. Be it F&B outlets, apparel & accessories, sports equipment stores, homewares, and even hypermarts and supermarts, they all use concept stores to test innovative ideas which optimise the customer’s journey. They offer experimental elements such as a cafés or exhibition spaces, enhancing their appeal to shoppers seeking a particular lifestyle. The August edition of the Shopping Centre News studies the impact and growth of concept stores in the Indian Shopping Mall Industry. The issue talks about mall developers’ definition of the concept store and the kind of outlets they offer to attract local shoppers. Aside from this, the edition talks about Corporate Social Responsibility and what malls are doing to abide by it since the mandatory introduction of spending on CSR brought on by the Companies Act 2013. The feature also discusses how this medium of helping society is actually becoming a consumer engagement tool, increasing brand awareness for the mall.

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.


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