Shopping Mall Impact on Small Bussinesses

The retail area observed for this assignment was situated in Erin Mills Town Centre, level two; between Hudson’s Bay and Dynamite, and between Kernels and Sears. By looking at the retail map above, it can be seen that this area of the mall offers a variety of products and services to consumers. The retail area was primarily dominated by retail chains with the exception of two department stores which were Hudson’s Bay and Sears. The stores themselves were sized reasonably and all of them were one-storey each. However, by looking at the retail map, it can be seen that some stores occupy more area in the mall than others. The retail area that was examined also has two escalators that are close to the department stores. In regards to store type and mix, the retail area was heavily dominated by aspects of fashion

The findings from this study are provided in the document titled Mall Time Results, provided in Resources. Columns A through D show the time spent by the customers interviewed, according to the part of the week and time of day when the interviews occurred. Is there any statistically significant difference (at alpha = .05) in the average amount of time people spend in the mall based on the part of the week and time of day? To determine the answer to the question, you need appropriate answer to all of the following four questions. Remember to use your Business

The text can be compared to Misonzhnik’s store closing data looks foreboding for malls National Real Estate Investor because malls are losing business due to online shopping. The text is a good representation on how the online market has disrupted the physical stores. Misonzhnik, E. (2017). “Store closing data looks foreboding for malls.”

To emphasize the problems and solutions to dead malls, the author uses both informed predictions and ideas. Dery notes, “The Wall Street Journal…predicts that the dead mall body count will swell to more than 100 by the end of this year” (Dery, 2012, p. 1). This informed prediction portrays the increasing amount of failing malls. By commenting on this, Dery encourages a change in malls. The author suggests that new mall creators create a different plan, compared to the previous malls who have failed. It does not seem sensible to keep creating malls that are going to fail. In order to influence change, the author includes this piece of data. The author also includes a possible solution by

Globalization has been an integral part of India’s progress. It has opened up new avenues for growth.

Moreover, the closure of small retail shops, the opening of larger shops and the closure of inefficient large shops may not only provoke increasing costs but also makes employees afraid of losing their jobs, which creates an overall bad reputation of the company and thus an possible reduction of sales.

According to the CIA World Fact Book and the World Bank, India’s trillion-dollar economy has been ranked fourth worldwide and is the second most populated country in the world (n.d.). These statistics provide adequate indicators to corporations and aspiring entrepreneurs that India has potential within the world market. Since the reforms of the 1990s, India has embraced the concept of globalization and the open-market. GlobalEDGE (n.d.) identified these reforms to include “increasingly liberal foreign investment and exchange regimes, industrial decontrol, deductions in tariffs and other trade barriers, opening and modernization of the financial sector, significant adjustments in government monetary and

Description: India has experienced a steady GDP growth rate of 8% during the last five years. The subcontinent’s economy is expected to continue its growth momentum over the next five years. Strong domestic demand and a burgeoning middle class are expected to continue driving the Indian economy to new heights during the forecast period of 2012-2017. Lucintel, a leading global management consulting and market research firm, performed a Political, Economical, Sociological, Technological, Legal, and Environmental (PESTLE) analysis of India, and presents its findings in “PESTLE Analysis of India 2012.” India is the second-most

With the onset of a globalized economy in India, the Indian consumer 's psyche has been changed. People have become aware of the value of money. Nowadays the Indian consumers are well versed with the concepts about quality of products and services. These demands are the visible impacts of the Indian organized retail sector. The social changes with the rapid economic growth due to trained personnel, fast modernization, enhanced availableness of retail space are the positive effects of liberalization.

In the 1980s, some enclosed malls were remodelled into open-air shopping centres.  By the mid-1990s, Malls were still being constructed at a rate of 140 a year.  The trend was to build enclosed malls and to renovate older outdoor malls into enclosed ones. Such malls had advantages, including temperature control. But by the end of 1990’s the trend took a sharp turn and it was again fashionable to build open-air malls. Finally by 2001, a PricewaterhouseCoopers study found that underperforming and vacant malls were an emerging problem.

With the evolution of modern technologies, consumers around the world are adopting those which are more favorable and easier to them. With the advent of internet around the globe there have been many trends which have been set in real world. From little daily routines to high class business routines, internet has its prominent role. Some of them are really productive and favorable and some of them are de-productive and does not play any good for the world. One of the influential changes which have been prominently observed from recent years is the drastic growth of online shopping trends. The word of concern is that online stores are getting main stream over the stores present in shopping malls.

Everett Osborne believes brick-and-mortar stores will always be needed for consumers to see and feel the merchandise. He also said ¨Customers want to face with the individual they’re doing business with¨ (Accardi). A drawback of shopping at small businesses are the prices being higher than a large retailer. Prices are higher in local businesses because more of their money goes into the community in the form of taxes. According to research micro businesses play a crucial role in a communityś economic system. Micro businesses employ local citizens and are an economic engine that causes cash to move through the communityś economy (Muske et al.).

India’s new economic model known as Liberalization, Privatization and Globalization was to make the Indian economy one the fastest growing economies in the world. The impact of globalization has been highly positive in almost all spheres of economic

As of now, the organized part accounts for around 6.5% of the Indian retail market. Though, it is expected to maintain a faster growth rate in the coming years with an estimation of touching 13% by the end of 2013. Over the last few years Indian retail has witnessed rapid transformation in many areas of the business by setting scalable and profitable retail models across categories. Indian consumers are rapidly evolving and accepting modern retail formats. New and indigenized formats such as departmental stores, hypermarkets, supermarkets, specialty and convenience stores, and malls, multiplexes and fun zones are fast dotting the retail landscape.

Setting up a business in retail domain in a city like London would be very profiting as London witness’s large amount of tourists every day and as a result of which the sale of retail increases. In a city like this irrespective of the competition there is lot of profit from which the company can benefit, the company will always profit from this as customers are coming to the city on a regular basis. This domain has extreme competition as a result of which more efforts should be taken to understand the trend in which this particular business flows. London city is divided in various zones and also it has lots of supermarkets where the sale of retail good is very high, so if such areas and such stores are targeted where the sale of retail goods is high then the company can surely profit in retail sector.