Malls are collections of independent retail stores and services located in a single complex with shared parking. They have evolved from early forms like weekly markets and convenience stores to modern department stores, brand outlets, supermarkets, and shopping malls - a one-stop shop. Mall culture is popular in India as visiting malls has become a fashion statement and necessity for shopping, dining, and entertainment. Malls benefit the economy through job creation, infrastructure development, and boosting consumer satisfaction and quality control, though they also contribute to space issues and impact small businesses.
Malls are collections of independent retail stores and services located in a single complex with shared parking. They have evolved from early forms like weekly markets and convenience stores to modern department stores, brand outlets, supermarkets, and shopping malls - a one-stop shop. Mall culture is popular in India as visiting malls has become a fashion statement and necessity for shopping, dining, and entertainment. Malls benefit the economy through job creation, infrastructure development, and boosting consumer satisfaction and quality control, though they also contribute to space issues and impact small businesses.
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Malls are collections of independent retail stores and services located in a single complex with shared parking. They have evolved from early forms like weekly markets and convenience stores to modern department stores, brand outlets, supermarkets, and shopping malls - a one-stop shop. Mall culture is popular in India as visiting malls has become a fashion statement and necessity for shopping, dining, and entertainment. Malls benefit the economy through job creation, infrastructure development, and boosting consumer satisfaction and quality control, though they also contribute to space issues and impact small businesses.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPTX, PDF, TXT or read online from Scribd
Meaning of malls • Collection of independent retail stores, services, and parking areas constructed and maintained by a management firm as a unit
• Malls are the battlegrounds where the brands,
small, medium and big, the known, the not-so- well-known and the wanna-be ones, fight it out for the consumer’s attention. And the consumer is ‘loving it’ and asking for more. EVOLUTION OF MALLS PHASES IN THE EVOLUTION OF RETAIL SECTOR
Weekly Markets, Village and Rural Melas
(Source of entertainment and commercial exchange.)
Convenience stores, Kirana shops
(Stores with a personal touch within a convenient reach.) PDS outlets, Khadi stores, Cooperatives (Government supported, Availability/low costs/distribution.)
Departmental stores (A Store with various departments .)
Exclusive Brand Outlets
(Outlets selling a particular brand having branches.) Hypermarkets and Supermarkets. (Combination of Stores selling particular brand.)
Shopping Mall (One Stop Shop.) Y Mall Culture??? • Organized Retailing is gaining momentum in India.
• Visiting a Mall has become a fashion
statement, people visit malls for various reasons such as Shopping, Dinning, Entertainment etc… Visiting malls has become a necessity in today’s time and thus has lead to the evolution of mall culture… REASONS FOR POPULARITY • Consumer Satisfaction • Various Attractions • Attractive Window Display • Publicity • Attractive Schemes and Promotional Offers • Organization of Fests. • Aggressive Advertisement & Marketing. • Window Shopping EFFECT ON ECONOMY • In a broad sense malls are definitely contributing in a large way to the national income of India.
• Malls are a symbol of Infrastructural
Development of the Country.
• Malls Culture is contributing in a great way to
Consumer Satisfaction.
• Taking the economy to great heights in terms
of Quality Control and Consumerism. • Emergence of beneficial concepts such as contract farming, franchise. MERITS and DEMERITS MERITS • Generates Various Career Opportunities • Hospitality Industry Is Booming • Real Estate Boom • Infrastructural Development • Technological Developments • Variety To Choose From • Various Attractions Under A Roof – Multiplexes, Food Court, Gaming Zone, Recreational Centers DEMERITS • Adding to Already Existing Space Crunch • Unplanned Expenditure • Certain Products Are Overpriced • Congestion • Small Scale Businesses Are Suffering