Unprecedented global catastrophe has pushed the business dynamics offthe rails. Most of the large economies went under different forms of lockdowns, and people also rightly took the necessary precautions. A side effect has been a significant slowdown in the macro and microeconomic activities. Now the lockdowns are lifting, and markets are starting to open slowly, with cautious optimism. Retail has been one of the most impacted sectors in an overall slowdown. Retailers around the world are making adjustments to the altered situation, and general sense is that we are still away from business as usual.
People changed their shopping patterns in days. Essential items like grocery, medicine even clean water and sanitary supplies saw increased spending as people tried to hoard these items initially. Over time other categories like office supplies saw a bit of bounce back as global workforce started working from home. During the lockdown, brick and mortar stores saw negligible footfall, and online shopping became the primary channel of shopping. So much traffic suddenly shifted to online channels, that their supplier and distribution networks came under pressure. It has been much hustle and on the feet thinking to make it all work. Not perfect, but everyone is adapting at a fast pace.
The retail sector overall has led the way in innovation, adaptability and execution. Right from the manufacturing, distribution, planning, and on the ground execution all started adapting quickly to the new normal. There are still many adjustments to be made in the short and long term. To understand it better, we reached out to the top industry leaders to get their perspective on the current situation. This report is our attempt to bring out the common thread of interests and how we all collectively plan to overcome.
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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...
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…
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…
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.
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…
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…
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…
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.
PHOENIX MALLS UNVEIL NEW BRANDS, VIRTUAL SHOPPING FEATURES FOR CONSUMER SAFETY
To purchase merchandise they have selected online, customers are encouraged to engage with stylists at Phoenix malls through virtual shopping sessions, pay online and then pick up their orders from designated curbsides at the malls, without having to step out of their vehicle…
INDIAN REAL ESTATE SECTOR: DISRUPTED, TRANSFORMED & RECOVERING
The developers are cognizant of this changing market condition and have effectively controlled launches to not create an oversupply situation. This adaptability and agility to respond as per the market conditions will go a long way for the sector’s growth and stronger emergence in the years to come, analyses ANAROCK in its report and surveys…
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RADIO RUNDUP: Our favorite programmable transmitters
For many years as new and innovative radio systems have become available, Model Airplane News has been here to review them all and have shared our findings with our readers. From 27 and 72MHz to the first 2.4GHz rigs, our editors and contributors have taken these RC radio systems and put them through real-world field and bench testing. The level of sophistication we have today is truly impressive and the radio programming features have reached levels that we couldn’t even dream of back in the day. So here, in no particular order, are our eight favorite editors’ picks for quality, price, and performance.
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Turn a single board into a heirloom.
FILM FESTIVALS TEAM UP TO OFFER FREE GLOBAL FEST ON YOUTUBE
Film festivals worldwide are teaming up to launch “We Are One: A Global Film Festival,” which will play out over 10 days and be available for free on YouTube.
CHANGE FOR THE BETTER
TIME TO UPGRADE? WILL BRUTON DISCOVERS WAYS TO FUTURE-PROOF YOUR YACHT THAT IMPROVE LIFE ON BOARD – AND ARE KINDER TO THE PLANET
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Lensbaby Omni Creative Filter System: Elegant Optical Effects
If you’re looking for a conversation starter to attach to your camera, you won’t do much better than the Lensbaby Omni Creative Filter System.
CES Gadget Show: Surveillance 2 Is In- And In A Big Way
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