Find in the news:
BY COUNTRY

Retail malls are adding excitement to experience



The national mall and shopping center retail market is changing, according to experts.
This trend was accentuated in May with the announcement by Sears that it would shutting down 500 outlets. A renowned anchor store tenant, the chain's demise reflects that turbulent environment for shopping malls that just revamp their approach to survive.

The market for shopping centers has changed markedly in the last few years, but only now are people starting to notice, said Matt Bear, an official with the CBRE commercial real estate group, based at Las Vegas.

Shopping center ownership has to spend more effort creating a coherent merchandising mix, Bear said. This means getting rid of stores that din't fit the mall's projected image along with adding entertainment venues to the mix. It might be painful in some cases, but has to be done, he said.

While retail has been doing well in Las Vegas, local retail also is affected by general national retail market trends. Projects have to be diverse yet focused to be successful. For example, the Linq open-air mall outlet operated by Caruso Affiliated of Los Angeles has become a social hub along with a retail mall.

People want social gathering points with great ambiance, said Rick Caruso, founder and chief executive officer of Caruso Affiliated. This means they're able to go to a mall, have a great meal together, go to an entertainment event, and shop, all in a human-scale space. The new mall can add value on top of traditional shopping in the form of providing a great total experience, he said. 

Caruso called on malls to embrace the challenge of online shopping. E-commerce is here to stay, he said, but this doesn't mean customers will forsake the mortar-and-brick shopping experience. People still want to see and experience the products. Malls can be destination places for people to engage in a mix of experiences, he said.

Fashion Show mall in Las Vegas stages professional fashion shows to attract attention and interest. People can see the merchandise on runways before buying. The mall has seen 45 stores open in 2013 and 2014 with outlets like the Disney Store, Halston Heritage, the Lego Store, and Dynamite.

The future of retail looks good, everybody agreed. People always will want to have a concrete place at which to shop. It's just a matter of adding value in terms of excitement and experience, experts agree.

More about shopping malls in the USA



Dec 25, 2023, United Kingdom:
Nestled in the historic heart of London and renowned for its Georgian-era architectural splendor.
Dec 25, 2023, USA:
The company emphasized that cost-cutting is a pivotal focus for its future endeavors.
Dec 22, 2023, United Kingdom:
The sports giant has joined a long list of international brands that will open their store doors at Trinity Leeds shopping center.
Dec 22, 2023, Austria:
The brand will present at iconic locations such as Cortina d'Ampezzo in Italy, Zermatt in Switzerland, and Hochzillertal-Kaltenbach in Austria.
Dec 21, 2023, USA:
Italian fashion house has sealed a deal to acquire the building housing its flagship store.
Dec 21, 2023, Mexico:
Luxury French fashion house Zadig & Voltaire has unveiled its boutique in Mexico City.
Friend
and Follow
Queens Place GLA:440 000 SF
ADDRESS: 88-01 Queens Boulevard Elmhurst, NY 11373
USA . New York
Queens Place
AEON MALL Okinawa Rycom GLA:839 585 SF
ADDRESS: 901-2300 Tochi-kukaku seirichinai Awase, Kitanakagusuku Village, Nakagami District, Okinawa
Japan . Ginowan
AEON MALL Okinawa Rycom
Dania Pointe GLA:975 000 SF
ADDRESS: 292-344 North Bryan Road, Dania Beach, FL 33004
USA . Fort Lauderdale
Dania Pointe
Shopping City Süd GLA:1 862 156 SF
ADDRESS: Europaring 2334 Vösendorf
Austria . Vienna
Shopping City Süd


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us