Prev- Founder & CEO ... • 1y
Shopping malls are failing in India, infact today the success rate of malls has gone below 27% I can bet you don't even know what the reason is See shopping malls make money by renting an outlet or charging a % of commission on total sales by an outlet They only make money, when the mall is well designed to distribute the traffic equally to all outlets and bring a lot of traffic into the malls Hence they bring music concerts, movie theaters, gaming and eateries to attract traffic to the mall but because of the digital revolution, How we buy, where we buy and what we buy have fundamentally changed Today the definition of a shopping mall has changed, apps on our phones are shopping malls, and we can buy through them, get entertained, order food As apps got better engagement, shopping malls lost their revenue to them.
Content creator • 2m
India's mall market is a significant and growing segment of the retail industry. By the end of 2024, the country had over 750 operational shopping malls with a combined area exceeding 200 million square feet. The Indian mall industry is projected to
See MoreCHAIRMAN - BITEX IND... • 1y
Viral Marketing Strategy - 9 “ Husband Storage Pod ” In China some mall introduce unique way of marketing strategy to increase their customer experience and retention rate. They Implement Small glass pods for wifes who is shoping with thier husban
See MoreHey I am on Medial • 1y
Hello everyone I have an idea of making an online shopping platform that connects local branded stores(like USPA, Vanheusen, Adidas, etc) and shopping malls(like Max, Trends, KLM, RS Brothers etc) with customers and we deliver the items in a single
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