To survive in the digital age, malls will need to reinvent themselves. Here’s how.
Officially shopping malls are defined as “one or more buildings forming a complex of shops representing merchandisers, with interconnected walkways enabling visitors to walk from unit to unit.”1 Unofficially, they are the heart and soul of communities, the foundation of retail economies, and a social sanctuary for teenagers everywhere. In recent decades, the concept of the shopping mall, which has its origins in the U.S. and became a full-blown modern retail trend there in the post-WWII years, has proliferated across the globe. Despite its ubiquity, the mall as it’s been conceived for the last half century is at a critical inflection point. A storm of global trends is coming together at the same time to cause malls to change the role they play in people’s lives. No longer are they primarily about shopping. Now, when consumers visit malls, they are looking for experiences that go well beyond traditional shopping.
As these trends advance across the global stage, they are forcing mall operators to rethink how they conceive and operate their properties. This identity crisis is most intense in the U.S., the country that pioneered malls and has the most malls per inhabitant. Thanks to a continued economic slowdown and rapid advance of the digital revolution, the U.S. mall industry is retracting and facing high vacancy levels. Websites such as deadmalls.com collect pictures of weedy parking lots and barren food courts and try to explain how once-thriving shopping centers began to spiral downward.
Company Details
- Employees
- 1
- Founded
- -
- Address
- 6, Legend Square, Sector -33, Opposite Infocity-Ii, Gurgaon,122003,india
- Industry
- Real Estate
- Website
- http://www.legendmalls.com/
- HQ
- Gurgaon
Legend Malls Questions
Legend Malls's website is http://www.legendmalls.com/
Legend Malls's LinkedIn profile is https://in.linkedin.com/company/legend-malls
Legend Malls has
1 employees.
View email and phone details for 1
employees at Legend Malls.
Legend Malls's industry is
Real Estate
Legend Malls's top competitors are
Lifedekho Luxury,
Legend Group,
Legend Square,
Madhura Shree Convention Hall,
Symphony Cinemas,
Legal Legend,
Reza Hassan & Associates,
Legend Cinemas India,
Hotel Harsha & Convention Centre (Bangalore),
Vijayalakshmi Convention Hall.
Legend Malls's categories are Real Estate
Legend Malls's founding year is 2015
