Advantages Disadvantages of Shopping Mall By Dishant Soni

Advantages & Disadvantages of Shopping Mall By Dishant Soni

Shopping Centers �Group of retail and other commercial establishments that are planned, developed, owned, and managed as a single property

Advantages of Shopping Malls �Many types of stores within one location �Merchandise assortments available within those stores �Opportunity to combine shopping with entertainment �Attract many shoppers �Large trade area �Generate significant pedestrian traffic �Inexpensive form of entertainment �Customers don’t have to worry about weather

Disadvantages of Shopping Malls �Occupancy cost are higher than those of strip centers, freestanding sites, most central business districts �Retailers may not like mall managements control of their operations �Strict rules governing store displays and signage �Competition within shopping centers can be intense �Similar merchandise sold in a close proximity

Rushmore Mall �Shopping malls are classified as either regional malls or super regional malls. �Our mall is classified as a regional mall because its less then 1 million square feet

Rushmore Crossing �Power Center �Consist primarily of collections of big box retail stores, such as discount stores like Target, warehouse clubs, and category specialist �Few small specialty tenants �Many power centers are located near an enclosed shopping mall

Specialty Shopping �Having a convenient location is not important for specialty shopping �Customers are willing to travel and pay more for specialty products

Convenience Shopping �Dons Valley Market Express �Is convenient because they off one stop shopping �You can buy milk, meats, vegitables, canned food, fruit and still have the convenience of a gas station

Store within a Store �Wal-mart �Within Wal-Mart you can also eat at Mc. Donalds, get your nails done, a hair cut and get your picture taken �Great Western Bank is also in Wal-Mart

Main Street Shopping Centers �Traditional shopping area in smaller towns, or secondary business district in a suburb or within a larger city. �Occupancy cost are generally lower because they do not draw as many people as the primary CBD �Fewer people work in the area