Many of this blog’s readers will remember the advent of the shopping mall, and many other readers will have grown up shopping there. But they’re no longer a favored design. “At the mall’s peak popularity, in 1990, America opened 19 of them. But we haven’t cut the ribbon on a new one since 2006, for reasons that go beyond the recession…We still love to flock to dense agglomerations of Body Shops and Cinnabuns and Brookstones. But now those places look increasingly like open-air ‘lifestyle centers,’ with condos above or offices next door. Some of these places are just the old mall in a new Main Street disguise. But when you add residences, and cut [the space that, in the past, would have housed a shopping mall] into what actually looks like a downtown street grid, that begins to change things.” Click here to read more.
Shopping centres are vital platform for retailer growth, especially in new markets as well as providing positive economic benefits to society such as tax revenues, jobs etc. But This is really important to select a shopping center location if you are planning to open A shopping center. There are various factors which are important such as locality, cost etc.