Rahul Saraswat’s Post

Despite the doom and gloom, the American mall is proving relatvely resilient. For the anchors of many of those malls - department stores - the sitiation is very different: many are shutting stores as they try to adapt to new economic realities. While department stores face challenges, top-tier malls are adapting with experiential offerings like casinos, gyms, and ice skating rinks. In some cases, residentual apartments and grocery stores have been added. This shift is revitalizing mall traffic and boosting retail sales. However, lower-tier malls are feeling the pinch more intensely, partly highlighting the growing divide between luxury and discount shoppers. Reports of the mall's demise may be exaggerated, but there's recognition that the market may still be oversaturated. More in this interesting artcicle from CNBC... #retail #retailnews #malls #shoppingcenters #departmentstores https://lnkd.in/eUpC37kX

“Top-tier malls, known as Class A malls, are pivoting toward an experiential model, replacing department stores with grocery stores, casinos, gyms, ice skating rinks and, in some cases, even residential apartments.” “The shift in strategy has been working. Mall traffic has bounced back to near pre-pandemic occupancy levels, with customers embracing the experience-focused model. Mall owners are also capitalizing on the omnichannel strategy bolstering stores’ online presence in addition to their brick-and-mortar stores, creating a halo effect for retail sales.” “All malls aren’t created equal, however. Lower-tier malls are feeling the effects of department store closures more acutely as inflation and economic pressures increasingly split consumers into two categories: luxury shoppers and discount shoppers. That’s also causing a split in the fortunes of America’s oversupply of malls, with affluent consumers flocking to higher-end malls, bargain-hunting shoppers heading to strip malls, with business declining in the middle tier.” - DeLon Thornton

By Acquiring FTV Malls License, the market for retail luxury is expanding exponentially. And you could secure a sweet spot in the eyes of your targeted shoppers, retailers, buyers, or lessee. Connect with FTV Malls to put our branding to your merit. DM us to know more ! #FTVMallsLicense #Luxury #Opportunity #BrandValue #Development #License #Realtor #Investment #FTVRealEstate #FTVRealEstateLicense #RealEstate #MallsLicense

Dead malls and golf balls Shopping malls are struggling. People are ordering more and more things online, and the foot traffic that walks through malls, impulse buying from places they weren’t really planning to shop at, has decreases significantly. Less shoppers, less purchases, less successful stores. There needs to be reasons to bring people to malls. Malls need to become destinations not just for shopping, but for activities. I don’t know what the draw could be, but I can give an example of something I’ve thought should be combined for a while now: movie theatres and mini golf. Movie theatres take up a lot of room, and most of them could put an 18 hole mini golf putting range on their roof. Going to the movies? Get a discount on a round of mini golf. Sit in a theatre for almost 2 hours… then go for a round of mini golf. Hole in one on the 18th hole? Get a half price off on your next movie. Easy added value opportunity for a theatre. So what’s the added value that can be added to a shopping mall? What ‘experiences’ can be added to get people to actually decide that the buying experience in a mall is better than online? I’m not sure, but I think the shopping mall experience needs an update. _____ Shared on my Daily-Ink blog: https://lnkd.in/gMgwxTBu

It has been interesting to see how commercial development brought to life the concept of shopping malls, but it's also been interesting to see the shopping evolution that has now transformed how consumers shop. The latter has left many malls like ghost-towns. #ghostmalls #cre #shoppingmalls #onlineshopping #commercialdevelopment

Is it getting harder or easier to find a good retail space? Store closures have been on the rise in the United States, while openings have been falling, as shown in the chart below. Because of this, retailers might find more and more options to set up shop. What are you seeing in your market? #Mikebetcre #Costar #CBRE #Retail #Realestate #News

Be honest... okay? Have you ever gone to the mall and lost track of time? That's not an accident! Malls are designed to make you forget about time... Here's why: No clocks = no worries: When you can't see the time, you don't feel like you need to rush. This makes you more likely to relax and browse. Shopping takes over: The longer you stay, the more tempted you'll be to buy things – even stuff you don't really need! It's like a little escape: Malls want you to feel like you're in a different world. Clocks would remind you of the real world and your responsibilities. So, next time you find yourself lost in the mall, remember – it's all part of the plan! 😉 #shopping #marketing #retail #malltricks

U.S. adults make about 1.3 billion visits to shopping centers each month or about 62 trips per person annually, according to the International Council of Shopping Centers. While some outlets, like malls, have struggled to retain shoppers, foot traffic to strip malls is booming. Data compiled by analytics company RetailStat shows annual visits to strip malls surged 18% last year compared with prior to the pandemic. But strip malls face criticism for being an eyesore to their communities, adding to environmental problems and contributing to the demise of traditional business districts. The U.S. has more than 68,000 strip malls from coast to coast, according to the International Council of Shopping Centers. So how did the U.S. become covered in strip centers, and could the format be the future of brick-and-mortar retail? Thanks to Jessica Vara, Alexandra Lange, Thomas LaSalvia PhD, Jeniece Pettitt, Nora Rappaport https://lnkd.in/euH_dEz6

Our recent site visits along the Sydney South Coast revealed a concerning trend: a surge in competitors' malls hosting apparel brands selling counterfeit goods. At our end, we're actively addressing this issue within our community with a robust handling process, prioritising awareness and prevention during activations. Interestingly, we noted limited activations overall, with those found in other malls often rotating across venues to prevent stagnation. Noteworthy interactive displays from tutoring businesses and technology investment platforms caught our eye, indicating a growing trend of these enterprises choosing neighbourhood shopping centers over larger, more expensive malls. Their preference for locations outside major supermarkets is proving equally rewarding in terms of return on investment. #sydney #shoppingcentres #shoppingmalls #sitevisits

London Designer Outlet’s 10th year saw it break its own performance records across 9 of the 12 months, whilst high street destinations continued to battle the ups and downs of shifting consumer priorities in the face of the cost-of-living crisis.    After a stellar golden quarter performance that saw a best-ever Black Friday, Christmas week, and best year to date, Daniel Tomkinson, General Manager, London Designer Outlet and Matthew Slade, Retail Director at Quintain Limited, spoke with Liz Hamson at BE News to reflect on the successes of the last decade, year, and what’s to come.    Around 28% of brands have been at the LDO since the start. Speaking about the impressive retention rates, Daniel said: “The reason brands stay is really quite simple: they see incredible success at their LDO stores and the value that a presence at our outlet can offer, with a number of our partners reporting them as their best-performing thanks to the combination of our brand mix and discounted prices.” Discussing what’s to come in the next 10 years, Matt said: “The main aim for us is to build on the great success we’ve had in the past year by keeping customer wants and needs at the core of all the decisions and moves we make. “We’re very insight-led, so we know what challenges our shoppers are facing. By providing the right mix of brands and offering an environment with the adaptability to evolve with ever-evolving consumer behaviours, we’re confident the next 10 years will be a success.” Read more on BE News: https://lnkd.in/eH_m2KFh #Retail #Fashion #LondonDesignerOutlet #WembleyPark #Outlets