Free Essay

Shopping Malls

In:

Submitted By fairytale
Words 2833
Pages 12
Research Paper
Shopping Malls have been around for centuries their ancestor were enclosed such as the agora of ancient Greece or the Palais Royal of prerevolutionary Paris, and covered like the Jerusalem bazaar and the famous Istanbul’s Grand Bazaar. There are much closer ancestors but as famous as the old ones, the Galleria Vittorio Emanuele II in Milan built in 1867 is well known as it is a covered prolongation of the street with its shops, café and restaurants on two levels. The mall that we know nowadays was introduced by Victor Gruen, who designed the first famous modern mall, the indoor version of the traditional marketplace; it was an enclosed climate-controlled indoor mall in Minnesota in 1956. Since then malls have been around us and are now part of our culture. This paper will argue that malls play significant roles in suburban life.
Some people believe that malls are destructive towards our life style. In some ways this is true. Malls do standardize the way of shopping by bringing all the wants and need of our society together but people forget that malls implements their own positive lifestyle. I will highlight three main arguments to demonstrate that malls represent well our culture and play a significant role in the suburban life. First by their design as there are nowadays not only places to shop but are artistic structures, secondly by the way they serve socials functions and finally that they provide a safe environment.
Shopping malls are originally designed to attract consumers but nowadays all malls represent more than shopping. Malls represent a way of living, to create that atmosphere; the best designers are employed to design malls which represent our culture.
Shopping centers are an architectural space, out-fitted with commercial art and designed artefacts, manufactured and distributed in a market economy and so reflect our personal perception, social norms, ethical values and domestic architecture.(1)
Shopping centers in America are now part of the national identity and of what is called the “American dream”. James J. Farrell a historian who directs the American studies program at St. Olaf College wrote that “shopping centers can reveal cultural patterns as culture is what happens when we are not paying attention. When people shops there are not only purchasing good and services but are most of the time under a feeling of desire which then shape there own individuals values and cultural values. (2)”
Nowadays malls are no longer made for just shopping, but are built to host cultural events such as art, concert and other cultural exhibitions, some also host charity events and any types of social activity which contribute to the suburban community. Malls are also a place of entertainment where you can take an elevator and find supermarkets, bookstores, banks, movie theaters, restaurants, bars, bowling, arcade games and obviously hundreds of shops. By bringing all the needs and wants of our community and providing it to us in a safe environment, fulfill, excite and boost the lives of suburban.
David Guterson, journalist and novelist on assignment for Harper’s magazine, spent a week in The Mall of America and conclude his assignment with the feeling that “The Mall of America had been imagined by its creators not merely as a marketplace but as a national tourist attraction and an immense zone of entertainments.” I chose this note as I think that it shows well how the design of a mall is important the suburban community as much for economical and social activity.
Despite the fact that Shopping malls are market-driven businesses, they are nowadays primarily a social environment. They are an integral element in the “collective consciousness,” as geographer Alan baker used the term to refer to landscape creation and perception that is linked to a national identity (3).
As every ones knows about Global Warming and making effort to make the planet “Green”, Designers are also adapting malls and making them more ecological everyday. For examples it becomes usual to see solar panel on the roof of malls or to know that managers are being asked to watch the climate control to use less energy. Shopping centers are known as being an environmental way of shopping as it reduces the use of any medium of travel to find different types of goods and services as everything is in the same place.
In a near future, malls will be designed as a “hyperport” where all the needs and wants of the society will be found in a safe environment. Where thousand of people will be able to congregate and have time to relax during their lunch break, weekends and flights for those in transfer into airports. Malls are and will continue to be design following the principle of creating a peaceful atmosphere, where needs, culture, environment, and entertainment will meet to provide us a better lifestyle.
Sociologists have long known that people visit shopping center for far more than commercial reasons. Several very revealing articles over the last dozen or more years have shown that shopping centers are important places for social interaction where people may wind up meeting future spouses and friends; where families go simply to stroll, to see people and to be seen by them and where young people go to “hang out” and socialize. More than twenty years ago the concept of “socialrecreational shopping”, was introduced by Edward Tauber who insightfully stated that “not all shopping motives, by any means are even related to the product,” (4). By that he showed us that not everyone is going to the mall simply to purchase goods and services but some goes for other motives that are mainly social ones.
To show you the social importance of malls I took two different segregations, the elderly and teenagers. Those two opposite age group that are normally being rejected by our modern society seemed to me as the perfect examples to demonstrate that some people are going to the mall for social reasons and that malls play an important roles in their social lives.
The mall is a central life setting for many elderly persons who frequent it on a regular basis. They walk back and forth, up and down the common area of the mall, greeting friends, sitting down with them and having a light dinner at a malls’ restaurant. Their time in the mall usually conforms to a set of routines; they will be found in specific seating areas at a regular time, and have a coffee at the same restaurant at the same time everyday. These patterning’s of behaviour among the elderly characterize the nature of their social interaction at the mall. More than a social world, the world of the elderly in the mall takes its shape and character from the face to face relationships of the people who regularly are a part of it such as their companions but also waiters, security guards etc... For these elderly most of who are retired, live alone, and are most probably widowed, there is now little or no need to expend energy, concern and time in the areas of career, job development, self improvement, spousal relations, or even in family and community activities. Cut off from these concerns and ties, their status and power position in the larger society is lowered, they find meaning in the construction and maintenance of networks of personal relationships in with others like themselves.(5)
For the teenagers or mall rats and mall bunnies as they are being called in malls, are as the elderly people major actors in the social life of malls. Like elderly people teenagers come in a regular basis, they arrive in groups or individually to meet friends and use the mall as a place for social gathering. Suburban kids come to the malls to look around, meet and make friends, stay away from home, and hang out because they have nowhere else to go. Once inside the mall they wander around the different shops, playing video games in the arcade, smoking cigarettes, showing off their latest hair, makeup and clothing styles, and waiting for something, anything to happen to make their day a bit more special than others. Most of them will stay until nine-thirty or ten, when the stores close and the mall shuts down.
Ed a 16 year old “mall rat” was interviewed by George Lewis a sociologist at the University of Pacific. Ed explains the social networking that takes place in the mall. “I met all these people here. I’ve met lots of other people too. This is the place where you can always find someone. If you know somebody, they know somebody else, they‘ll probably see them here, and you know that person. So when you come here, you kind of build on people.”
The Social world of these teens revolves around their contacts and time at the mall. This world of the teenager is, in its larger sense, one of segregation from adults and the assumption of adult sexual, economic and social roles. This segregation, and the relative lack of any clearly defined and socially supported roles for youth, help define the mall community of “rats and bunnies,” especially those who have opted out, or been driven from, socially acceptable school and family settings. For those teenager malls are a suburban equivalent to the urban street corners where inner city kids congregate. (6)
The elderly and teenagers congregate in malls for three main reasons; first, and probably the most important, elders and teens both represent social groupings for which our society provides little social space. For the elderly once they are retired, they are cut off from the familiar and fulfilling world of work and are most likely to be treated more and more as children by their family and other adults. For the teens, caught as they are between the status of childhood and adulthood, have few social spaces or physical places open where they can congregate and develop their own contacts and social networks and this is where the mall offer it’s lure for both segregation.
Secondly the elderly and teenagers are to great extent faceless persons to adults, they are categorized as “old people” and “kids” and because of the unimportance of their marginal status, they tend to be overlooked as individuals and so their social reaction increases their need to affirm that identity and to create meaningful community for themselves. It also means that in the mall setting the elderly and teenagers are nearly invisible to hurrying shoppers and so there social “activities” do not disrupt the mall management. Finally another fact that shows that teenagers and elderly are welcome into the mall environment is by an economical point of view, The elderly can be used to advantage to further the mall’s image of community by publicizing their support of community programs and for the teens, many of them work in some store, fast food and leave money in the video arcade and the record stores. Therefore they do have some economic links to some of the business operating in the mall. The American shopping mall has been bemoaned by critics for its impersonality, its uniformity, its total focus on meaningful interaction as rational and economic nature. Some people ask; where are the primary relations, the face to face interactions, the social networks that exist along with the economic transactions of the traditional marketplace, the local community, or even the urban village? This research paper shows that, for shoppers in the mall, one does indeed need to look elsewhere for the primary interactive ties of community, no matter how cleverly mall management creates the illusion of community at the mall. In the end, it seems, this is a shared illusion neither management nor shoppers are fooled by it, but both can pretend that they are creating or engaging in the meaningful and socially necessary relations of community.
Ironically, then, the real community ties that do exist in the mall have little to do with its economic function. The elder and the teen spend very little money there and do not frequent the mall for economic reasons. They are there, each day, to greet friends, to create and strengthen their meaningful, face to face primary relationship, to define themselves as a social world. It’s a community of kind to which they can give emotional support and from which they can draw a sense of self and group identity (7).
To show you that malls provide a safe environment, I will continue to use the elderly and teenagers. But first I would like to define what is the typical shopping center, it is an abstracted reincarnation of a main street, where pedestrian have the right of way over vehicular traffic, where all store façades are attractive and where all of the merchants agree to maintain regular hours and carefully control their signage and sales pitches and techniques to provide a safe time and environment to shoppers.
Elderly go to the mall rather than in a main street for a simple social and safety reasons as the mall provides them a safe and comfortable place to shop and wander around. A great majority of malls have instituted some form of walking program for the elderly, those programs encourages the elderly to walk laps and to record their own progress. That program gave the social name of “miler” to all those elderly who come on regular basis to run. They arrive when the doors open up in the morning and begin their daily lap around the mall being observed by silent mannequins and CCTV cameras.
Pat a regular miler, was interviewed by George Lewis and describes his typical morning at the mall. Pat arrives by car a few minutes before the door unlock and then do his five miles laps around the mall with his two companions and then sits down to his favorite restaurant, where he will have a drink and talk to other milers.
That program show well that malls are more than a simple place to shop but a safe place that provide social activities for such communities as the elderly and teenagers.
For teenagers malls also provide a safe environment to “hang out”, they can congregate, make friends and grow outside their home and schools and still being in a safe environment as the mall keep them away from the danger of the street such as fights, drugs, accident, and gangs which has become recently a major problem affecting Americans.
Finally in any mall the security is optimal, to provide a safe and relaxing time to every shopper, every mall is nowadays equipped with CCTV cameras and security guards.
I would like to conclude this research paper by a comparison that I found into a documentary called “Mall R Us”, this movie was made about the philosophy that malls are the church of the 21st century. Churches used to be built to show how rich a country was and to show how powerful the Catholic religion was. Malls are now built to show how wealthy a country is and to what extent its citizens have the power of consuming. Churches were designed by brilliant architect, just as malls are nowadays. Finally churches create an atmosphere of peace, safety and tranquility, and designers are trying there best to create the same atmosphere in malls so consumers feel relaxed and can forget about what is “out side” the mall to have a pleasant time.
All the energy and effort put into malls, to provide a unique experience and time to any shoppers that will enter by the main entrance doors, shows well how councils, designers and managers like to provide an ultimate safe and social place where every person of today’s society can come and find its needs and wants throughout our complex social system. Without malls, our lives would be much more complicated, different and very hard to imagine as malls are nowadays part of our culture, identity and lives of everyday and so, show how significant and important the roles of malls are in our life.

(1) James J. Farell, Shopping for American culture; writing and reading across the curriculum p.431
(1) Alan R.H Baker, “Collective consciousness and the last landscape: National ideology and the commune council of Mesland (Loir-et-Cher) as Landscape architect during the 19th Century”, chapter 12 in ideology and landscape in historical Perspective edited by Alan baker and Gideon Biger: 255-88
(2) One Nation Under Goods: malls and the seductions of American Shopping (Smithsonian Books, 2003).
(3) Edward Tauber, “Sociorecreational shopping,” Human Behaviour 2, no. 4; reproduced in intellectual digest 4, no. 3 (November 1973): 38
(4) Robert Atchley, social forces and Aging (Belmont, CA: Wadsworth, 1985), pp. 56-58.
(5) Martin Millison, Teenage Behaviour, In shopping Centers, International Council of Shopping Centers, 1996, p. 11
(6) George Lewis, The mall as a refuge; writing and reading across the curriculum p.431

Similar Documents

Premium Essay

Future of Shopping Malls

...future of Shopping Malls and Big Box Retail Stores Michele A. Guinn Northeastern State University Abstract Shopping malls and big box stores appear to be less plentiful than they were twenty years ago. Is this a result of e-commerce or a confluence of consolidation? Each of these issues affects consumers and the way we go about our daily shopping activates. We are a society that follows trends, and the mall trend may be changing or just disappearing. This paper will cover were malls came from, where they are now, and what is foretold about the future of shopping malls and big box retailers. The current and future of Shopping Malls and Big Box Retail Stores Growing up, malls were a place to spend the day with family and friends while grabbing a bite to eat after getting a new haircut and then off to the arcade to spend a weekly allowance. Today over 400 malls have closed in the U.S. since 2007 and there is even a website devoted to “dead malls” that are out of commission. Big Box retail stores that provide consumers with the combination food/discount stores are not doomed but big box retailers that are “category killers” (toys, electronics, office equipment) are struggling from the effects of technology. Retailers with a smaller footprint will have an upper hand over the next 10 years as big box retailers need to figure out how to take advantage of this trend that is driven by technology, economic conditions, and overall customer wants and needs. Shopping malls that want...

Words: 1538 - Pages: 7

Free Essay

Largest Shopping Mall

...World‘s Largest Shopping Mall After watching this video, I have 3 aspects want to share. First is the reason why this shopping mall located in China. Then I want analyze the reason why this mall is failing in China. Finally, I would like to give this shopping mall some suggestions. The world’s largest shopping mall located in China, because China has the largest amount of population, so in this country, most shopping malls need fit lots of people. Shopping malls in China need have enough space for parking and entertainment, as we can see, from outside of the mall, it is more like play ground or “Disney”, because in most of Asian countries, collectivism and familism are priority for most family, the shopping mall not only needs consider their customers, but also needs consider their families, such as their children and their friends. Offer them some places to take a break and have a chat. Because of globalization, more and more brands start to occupy the market of China, but the largest shopping mall “like a plane speeding down the runway”. It is hard to be accepted by these brands and also customers. This is kind a new thing for Chinese people, because the price of land is so expensive, this kind of mall cannot build in downtown, it has to be in outskirts, the traffic in city is horrible, so it needs take a long time to drive to the mall, so people don’t want waste their time on the traffic. In some other cities in China, there is also some shopping mall like this one,...

Words: 476 - Pages: 2

Premium Essay

Lpi What Are the Advantages and Disadvantages of Shopping on the Internet and Shopping in a Mall?

...of shopping on the Internet and shopping in a mall? Give examples for both. With the development of the Internet, online shopping has become increasingly popular. However, this does not discourage people from shopping in malls since these two ways of shopping have their own advantages and disadvantages. Compared to shopping in a mall, shopping on the Internet is much more convenient. The photos of goods are well-displayed online. People can go through them easily. Besides, goods sold in online stores are cheaper than those that are sold in stores in malls. Stores in malls have higher costs since they need to pay rent and employees’ wages. On the other hand, shopping online has its disadvantages. Customers cannot try on the clothes and shoes they prefer, so they may fine things they buy do not fit them well. They cannot get what they want immediately as well. Since free-shipping usually takes a long time. If customers need to get the goods right away, shopping in a mall is their first choice. Many people think it is interesting to go shopping with friends, so they choose to shop in malls. They can spend a whole day in a shopping mall, trying on clothes or going window-shopping. What matters is that they can have fun with their friends. They cannot experience such happiness when they go online shopping. Furthermore, customers can actually see and touch the goods, so they are less likely to buy things that are poor quality. However, sometimes shopping in a mall can...

Words: 363 - Pages: 2

Free Essay

Shopping Malls

...Köpcentrum och dess framtid analys av köpcentrumsituationen idag samt dess utveckling i Stockholmsregionen Författare: | | Adam Holmquist Albin Haglund Jacob Hessle Handledare: Björn Berggren | Stockholm 2012 | Innehållsförteckning 1. Inledning 2 1:1 Bakgrund 2 1:2 Syfte och frågeställningar 2 1:3 Metod 3 1:4 Tidigare undersökningar 3 1:5 Avgränsningar 3 1:6 Definitioner 3 2. Vilka typer av Gallerior/ Köpcentrum finns i Stockholmsregionen idag? 3 3. Konkurrens 4 4. Analys av marknaden 5 4.1 Analys av Kista, Vällingby och Täby 5 5. Framtiden, hur ser den ut? 6 6. Analys 7 7. Slutsatser 8 8. Käll- och litteraturförteckning 9 1. Inledning Denna uppsats utgör kursen ”Fastighetsutvecklingens och fastighetsförmedlingens grunder” vid Kungliga Tekniska Högskolan, Stockholm. Uppsatsen kommer att titta närmare på köpcentrum och gallerior i Stockholmsregionen. Hur har etableringen sett ut de sista tio åren? Vidare kommer framtiden diskuteras. Allt detta genom analys av olika data, information, litteratur samt genom att göra intervjuer med Torzan Torssell från fastighetsbolaget Steen och Ström samt Eric Myrén, VD för Eric Propertys. 1:1 Bakgrund De Svenska lanthandlarna erbjöd försäljning av olika produkter på en gemensam marknad. Folk uppskattade bekvämligheten att uppfylla flera behov på en och samma plats och avsaknaden av transportmedel var en avgörande faktor. Ett köpcentrum eller galleria...

Words: 4081 - Pages: 17

Free Essay

Shopping Malls

...“A Number of Financial Aid Sources For Non-local and International Students,” by internationalstudents.com The cost of higher education in the United States rises year after year, and many students are finding that they are unable to support themselves. Especially for non-local and international students, “college tuition for non-local and international university students in the United States has increased over the past of three years, far outpacing the price inflation of consumer goods, medical expenses and food,” Tom Harkin (D-IA), chairman of the Senate Health, Education, Labor and Pensions Committee. However, the author of “A number of financial aid sources for non-local and International students” mentions that there are a number of avenues that you can explore when looking for sources of funding for your education. He believes the higher cost of an out-of-state tuition should not discourage aspiring students from attending their ideal school, and he mentions some solutions for this problem like establish state residency, federally funded financial aid programs and on-campus job. In this easy, I will evaluate the logic of the authors’ viewpoint, considering whether the support for his thesis is appropriate, believable. Even though his logic is appropriate, believable, his argument also has weakness. I will focus on two: His viewpoint seems incomplete because most of his thesis is suit for non-local students rather than international students and he overlook to consider...

Words: 801 - Pages: 4

Premium Essay

Retail Industry

...Malls and Hypermarkets: Perspectives of Contemporary Shopping CHAPTER – 1 INTRODUCTION 18 School of Management Studies, Punjabi University, Patiala Malls and Hypermarkets: Perspectives of Contemporary Shopping 1.1 INTRODUCTION The last decade has witnessed dynamism in Indian retail sector. Various urban areas have been at the center of attraction with emergence of different kinds of organized retail formats gaining momentum. It is largely due to rising income, increasing purchasing power, credit facilities, changing pattern of consumer behaviour and increased consumer awareness. Retailing has emerged as one of the most important sectors of Indian economy beyond the 90s. A large number of retail model retail formats have come in force offering a wide spectrum of merchandise and services. The professional orientation and incorporation of various technology–enabled softwares has offered these retailers better customer relationship management, merchandise offering, store atmosphere and inventory management. There’s a flurry of activity as a revolution sweeps through small town India, with intimidating Malls, Hip stores, looming Hypermarkets & hangouts mushrooming all over the place, apart from a perceptible lifestyle change, breathing fire into these cities (Agarwal, 2006). And it is happening not just in one or two cities, but across all major Tier – II & III cities of India, and in a spectrum of sectors – booming real estate, malls, multiplexes and cinemas, global...

Words: 16163 - Pages: 65

Premium Essay

Research

...of Shopping Mall in Meerut Region”. Here is a questionnaire for project study. Kindly give 5 minutes for a research causes and fill the questionnaire by ticking () on the right choice. Name………………………………………………………………………………………………………………… Address…………………………………………………………………………………………………………….. Gender Male ( ) Female ( ) Age group 18-25 ( ) 25-35 ( ) 35-45 ( ) 45 and above ( ) Occupation Self-employed ( ) Professional ( ) Service ( ) Student ( ) Others ( ) Income Level 2-5 Lakh ( ) 5-8 Lakh ( ) 8-10 Lakh ( ) 10 Lakh & above ( ) Q1. Do you like purchasing or buying at the shopping mall? Yes ( ) No ( ) Q2. How many times do you visit shopping mall in a month? 2 Times ( ) 4 Times ( ) 6 Times ( ) 10 Times & above ( ) Q3. Did you ever purchase daily use product from shopping mall? Yes ( ) No ( ) Q4. With whom do you go to shopping mall? Family ( ) Alone ( ) Friends ( ) Others ( ) Q5. Do you feel any type of difference between shopping mall and retail store? Yes ( ) No ( ) Q6. How much are you satisfied with range and price of various products? Satisfied ( ) Highly satisfied ( ) Unsatisfied ( ) Highly unsatisfied ( ) Q7. What is a motive for visiting a shopping mall? Shopping...

Words: 297 - Pages: 2

Premium Essay

World Woman Mall Marketing Plan

...Women World Mall Executive summary The concept of having all female needs from different products and services is the primary key of our project. Moreover, current harassment issues that disable females to go freely for shopping, self-caring and other female interests would strongly encourage them to use our facility. Adding to the above, the given privacy to females will create good communities for them and make them all feel at comfortable. On the other hand, too many husbands and parents get annoyed from harassment, they see everywhere. The new mall will give those the opportunity to have a peace of mind. In addition, males will be able to go for outings with their friends and colleagues, as they will not be worried about their wives or daughters. The strength of the project is being unique to provide the market with such service. The mall will be targeting high and mid classes. The brands that target those segments will be penetrated to cooperate with and ensure the variety of products and services for our mall customers. The mall investments will be returned within the first three years of operations. Situation Analysis 2.1 Market Summary The malls concept has started in Egypt since 1990s. In this period, all malls were small sized and just provided one type of products that was fashion. Later in mid of 2000s, the mega malls concept that provides variety of services and products to consumers has started with an aggressive acceptance...

Words: 4496 - Pages: 18

Premium Essay

On the Rocks

...promises their customer by providing them with the best quality new flavored fizzy drinks at the fastest possible time. Our combination of different juices and soft drinks would surely make the drinkers feel fanatical. We have set up our business at different shopping malls and departmental stores. We are also available for weddings and parties. We are a small business who presents the drinks as we receive the customer’s order on the counter. Within no time our customers have their drink in their hands. We have basically focused the youngsters and kids who mostly enjoy fizzy drinks and like to try out new flavors. We have set up our business at the shopping malls and departmental stores as we can receive customers at the hub of the mall. We have done our marketing through flyers, brochures, and most probably word to mouth. We have Our competitors are the other stalls which are the hub of the shopping malls like the gola wala, the magic corn, ice cream, etc. We are currently working 10 hours, seven days a week. We intend to provide customer satisfaction in every possible way. In the near future, we plan to expand our business by introducing new flavors. Moreover we intend to spread out by setting up at other shopping malls and starting something new along with fizzy drinks. The Challenge: The challenge of On the Rocks is to provide the best drinks in town. Our main focus is to gain customers satisfaction. Our basic aim is not only providing our customers with the best drinks...

Words: 1926 - Pages: 8

Premium Essay

Dissertation

...Factors Affecting Purchase Decision of Online Shopping Mall in Hong Kong Background and Overall Research Aim According to the global transaction service provider, PayPal (2015), predicted that the online expenditure of Hong Kong will reach 25 Billion US Dollars by 2015. The main cause of this significant growth is drive by the rise of online shopping malls. However, a report which conducted by Hong Kong Trade Development Council (Hong-kong-economy-research.hktdc.com, 2015) states that the proportion of sales through online shopping platforms are only share 7.7% of the whole e-Commerce industry, which means the online shopping phenomenon is just at the early stage, with the growing of social media, such as Facebook, Twitter and Weibo (Castronovo and Lei, 2012), there is a plenty of room to grow. In order to understanding the e-commerce industry in Hong Kong, Go-Globe Hong Kong conduct a research about the e-commerce environment in Hong Kong. The main group of online shoppers are 25 to 34 years old (76.4%), while 40.5% aged between 50 to 64 years old. In 2013, there are 8.5% increase of Hong Kong residents shopping online in compare with 2011. Four out of five Hong Kong consumers use the internet to research what they want before purchasing or even purchase it online. And 49% of them are willing to spend more money on online shopping mall in the near future. With the smartphone are become more and more popular, 89% of smartphone users search a product which they desired in smartphone...

Words: 2648 - Pages: 11

Premium Essay

Analysis of Hong Kong Prime Retail Property Market

...ANALYSIS OF HONG KONG PRIME RETAIL PROPERTY MARKET In analyzing Hong Kong’s retail property market, in particular the prime shopping mall segment, Michael Porter’s Five Forces Analysis Model is used. According to Porter, corporations in any industry are constrained from maximizing profit not just by rivalry with their competitors but by four further competitive forces. These five forces shape competitive intensity. They are: • Rivalry among competitors in the industry; • Threat of new entrants; • Bargaining power of suppliers; • Bargaining power of buyers; and • Threat of substitute products. Below is the analysis: • Rivalry among Established Competitors: Medium Pressure o Currently, major shopping malls in Hong Kong are primarily managed and owned by a handful of Chinese landlords, including Sun Hung Kai Properties, Henderson Land, Wharf Holdings, Hysan Development, Sino Land, Hang Lung Properties, as well as a few British-backed landlords such as Hongkong Land and Swire Properties. o Retailer demand is focused on prime locations in urban areas rather than secondary streets. These most sought-after locations are top choices for both global and local retailers seeking a presence in the city. Fierce retailer competition for the best locations means that landlords of prime shopping malls are allowed for jockeying for a better market position by select picking their right tenants and by upgrading their tenant and trade mix profiles. o With a common focus on selling...

Words: 733 - Pages: 3

Premium Essay

India Real Estate

...'million sq.ft. malls' where every second developer wants to make one of the biggest malls in India? Do you support this trend? I support this unprecedented wave of million sq ft mall as with multiple demands on limited time, shoppers carefully choreograph their shopping trips. Mn sq ft size and prominence means that, for good or ill, these malls have a significant impact on a place and its character There is growing acceptance that as long as Big malls are well designed ,made, leased , and suitably located, they can accelerate retail growth in our country In broader perspective Million sq ft malls are signs of growing economic development and prosperity and the desire of the investor and builders to invest in these mega projects -- which means more choice for retailers , shoppers and increasing employment opportunities for catchment population. A large Mall is an indicator that a Industry is moving toward the future. Large malls require plenty of investment, more time and labor to construct , lease and operate but they also have long- and short term advantage . How sustainable will this trend be considering the economic condition of the country? Sustaining a successful retail development in India requires a high level of expertise, proactive management, and innovation. In the near term, the robust consumer demand will mask the lack of experience of these new developers. Over the longer term, however, it will be important for even developer of smaller malls to step...

Words: 3401 - Pages: 14

Premium Essay

Bsdauidia

...2007 Mall Management – A Growing Phenomenon in Indian Retail Industry ExEcutivE Summary • The Indian retail market is expected to continue its growth trajectory into 2010. • Mall management has been identified as a critical factor for the success of malls and the retail industry across the world. • Mall management broadly includes mall positioning, zoning, tenant mix, promotions/ marketing and facility/finance management. • Currently, the Indian retail market lacks designated mall management firms. Large real estate developers and retail chains either have their own mall management arms operating as subsidiaries or have contractual agreements with international property consultants. • Till recently, mall management was limited to facility management by a majority of developers in India, leading to gaps in mall management practices. • Given the high future supply of malls and increasing competitiveness within the Indian retail market, developers must correctly address these gaps to ensure success.  Mall Management – A Growing Phenomenon in Indian Retail Industry introduction Organised retailing in India witnessed a gross turnover of USD 320 billion1 in 2006. Although this figure is low compared with other developed economies, industry experts expect the growth rate of this sector at 35%2 until 2010. At present, about 100 malls are operational at a Pan-India level with a total area of 19 million sq ft. As per the current estimates, about 3003 additional malls are expected...

Words: 4524 - Pages: 19

Free Essay

H.K Questionaire

...HOUSEKEEPING DEPARTMENT INTERVIEW QUESTIONS: 1. When can you start working? ___________________________________________________________________________________________________________________________________________________ 2. What are the key components of housekeeping? ___________________________________________________________________________________________________________________________________________________ 3. Are you good at multitasking? ___________________________________________________________________________________________________________________________________________________ 4. How would you handle a client who was angry or upset about something? ___________________________________________________________________________________________________________________________________________________ 5. How comfortable are you with chemical safety procedures? ___________________________________________________________________________________________________________________________________________________ 6. Can you give me some examples of health and safety procedures you have used? ___________________________________________________________________________________________________________________________________________________ 7. What types of procedure tracking systems have you used? ___________________________________________________________________________________________________________________________________________________ ...

Words: 1567 - Pages: 7

Premium Essay

Research Methodology

...visualsoftindia.com/journal.html VSRD-IJBMR, Vol. 1 (6), 2011, 348-361 RESEARCH ARTICLE RESEARCH ARTICLE A Study of Buying Behavior and Brand Perception of Consumers in Shopping Malls 1 M. Yaseen Khan* and 2SM Tariq Zafar ABSTRACT In India Shopping Malls industry is upcoming industry worth Rs 17000 Cr. In NCR (National Capital Region) Gurgaon is the most favorite place for the shopping malls. M.G. (Meharuli – Gurgaon) Road is the place for all famous shopping malls in Gurgaon. In NCR DLF, MGF, JMD, SAHARA, all big players are in the region. On M.G. Road Gurgaon MGF Group has two shopping malls in operation MGF Metropolitan Mall, MGF Plaza, Sahara Group has its Sahara Mall and DLF Group has its City Centre. The project involved the study of comparative analysis consumer buying behavior and brand perception of consumers regarding shopping malls on M.G. Road and Metropolitan Mall as a base. Consumer purchasing power is the main factor, which determines their buying behavior and brand of shopping malls. Shopping Malls are the places for the fun & entertainment, family outing, shopping and eating’s. In shopping Malls age factor is the most dominant factor in daily footfalls. In different shopping malls different age group consumers come and they impact on the buying behavior. Keywords: Shopping Malls, Consumer Behaviour, Brand Perception, Purchasing Power, Fun & Entertainment, Age Factors etc. 1. INTRODUCTION In 2009, India's nominal GDP stood at US$1.243 trillion, which...

Words: 5620 - Pages: 23