How do shopping malls make profit?

Even without selling a pin, malls in and around Delhi are generating good money. The meagre amount paid as parking charge at malls totals up to a tidy sum of Rs 15 crore a year. The stores may complain about too many footfalls and too few buyers but the mall owners seems to be quite a happy lot.

How do you set up a mall?

Get in touch with different franchise and sign agreement for opening of stores. Get mall license from the local governing authority. Set cameras and other important accessories as per government norms. Appointment of security and housekeeping staff.

What are the advantages and disadvantages of having shopping malls?

Advantages and disadvantages of shopping mall in points

• A lot of variety of products in one place for the consumer.
• Malls can provide for good source of time pass when with friends or otherwise.
• Products and prices are tailor-made for middle class and upper class in society.

How much area is required for a mall?

According to JLL, the average size of a superior grade mall is 400,000 sq ft, whereas the normal size of average grade and poor grade malls are 190,000 sq ft and 150,000 sq ft, respectively. “The average size of shopping malls in India has already begun to increase as developers focus on larger spaces.

What is the average size of a shop in a mall?

Based on its locality, rent, mall owners strategy and so on the shops’ sizes will vary. Small shops can be of 30 Sq m and average shops can be of 100 Sq m. And large shops can be of 500 Sq m.

Can we build a mall on a football stadium?

Or you imagine a football stadium on which we can build a mall. An average mall can have 50 to 100 shops. Based on its locality, rent, mall owners strategy and so on the shops’ sizes will vary. Small shops can be of 30 Sq m and average shops can be of 100 Sq m. And large shops can be of 500 Sq m.

Are the principles of strategic planning in retailing equally applicable to retailers?

The principles of strategic planning in retailing are equally applicable to small and large retailers. Nice work! You just studied 62 terms! Now up your study game with Learn mode. YOU MIGHT ALSO LIKE…