Types of Shopping Malls In general, you will find only regional centers, superregional centers, and fashion/specialty centers on this Web site. Outlet malls, shopping centers featuring name brand retailers selling their products at discounted prices, are often built in an open-air format. Today, developers are returning to the creation of open-air shopping malls. Up until the mid 1990s, most modern-day developers built enclosed shopping malls in order to create a climate-controlled shopping environment.
The first enclosed shopping mall was Southdale Center in Edina, Minnesota which opened its doors in 1956. Two department stores anchored each end of the shopping center. This shopping mall boasted two rows of stores on each side of an open-air section where shoppers could walk. In 1950, the Northgate Shopping Center was built in Seattle, Washington. The Market Square was located in the expensive Lake Forest suburb and is thought to be one of the first planned shopping centers in the U.S. The facility was comprised of 28 stores, apartments, and offices. By 1916, a shopping mall called The Market Square opened for business in Chicago, IL. Shopping malls were built to serve consumers living in areas outside of the cities. In the United States, people began moving to the suburbs during the 20th century. There would be different formats of shopping malls depending on the region. The trends to follow in the future: The shopping malls favor a growth in the Indian organized retail sector by With the growth in income, changing attitudes, and also the demographic patterns favor the emergence of shopping malls. o Monopolization of the organized retail sector In India, the emergence of shopping malls has mostly altered the lifestyle of the consumers. 1Īdvantages of shopping malls: o Increase in the growth of the organized retail sector o Monumental increment in economic growth o Employment generation by the organized retail sector o Good competition means better products & servicesĭisadvantages of shopping malls: o The companies with superior resources would muscle out the ones inferior to them. The inclusion of amenities like restaurants, multiplexes, and car parks attract more and more crowds to shopping malls, that are considered family hangout zones. People simply go about roaming through the shopping mall in order to peep through the window of the shop and often endingĬombination of comfort and suitability which the shopping malls cater to, and so this format of shopping has become so popular all over the world, and especially so in India.
Shopping was no longer limited to a mere buying activity - it has become synonymous with splurging time and money. The concept of shopping was altered completely with the emergence of these shopping malls. In this age of mass production and mass consumption, the concepts of shopping malls is most modern method of attracting consumers. Then the trend followed in the other metros over the world, and there was a spree of shopping malls coming up at various places. Originally the first of the shopping malls was opened in Paris.
Consumers wanted a better shopping experience and this demand gave rise to the emergence of shopping malls in India. The concept of departmental stores came up in the 19th century with the Industrial Revolution. According to historical evidences shopping malls came into existence in the middle ages, though it was not called so. The first thing that comes in our mind about the shopping malls is that it is a big enclosed building housing a variety of shops or products. Shopping malls are an emerging trend in the global arena. INTRODUCTION Shopping malls The latest trend in the corporate universe is of the emergence of the shopping malls.