Shopping Malls Are A Popular Choice For Many Consumers

According to MarketLine, the world online retail market expanded by almost 18% in 2010 and is predicted to reach close to $435 billion in sales. The market is expected to reach a 90% growth by 2015 and exceed $827 billion in sales. Listed in an article “Ecommerce Growth Statistics”, the average amount spent by each consumer is expected to rise from $1,207 per year to $1,738 per person by 2016. That is a significant increase. That shows that people prefer to shop online than going to the actual store in today’s society. Shoppers will spend on an average of $327 billion online shopping in 2016, which is about 45% from $226 billion in 2012. It is very evident that consumers will drive ecommerce into the future; especially e-retail. In just a few years, purchases online will be more profitable than ever, with others products and services available to purchase such as mobile and social allowing consumers to shop to their convenience. For retailers and

David Guterson’s, Enclosed. Encyclopedic. Endured: One Week at the Mall of America, offers a commentary revolving around modern American malls and their effects on society. Guterson claims that while American malls offer a look into American culture, they have altered society to become more shallow and materialistic through his observations of the Mall of America. Guterson also predicts that in future times, the traditional marketplace will be replaced by the desolate megamalls of tomorrow. Guterson asserts that while malls provide a window into American culture, what he observes is cause for alarm. Every year, Americans spend their hard earned money in malls. Sales for the Mall of America jumped from 650 million dollars in 1993, to 1 billion

To keep a local suburban regional shopping mall from reaching its decline, there are a few things that must be done to keep your mall relevant in today’s society. One must spend time and money during the maturity phase to keep with today’s trends. Getting more or newer department or anchor stores may help to draw in business. Then fill the other empty spaces with specialty stores, offering products that consumers can’t get anywhere else. Another option for managers is to find a niche in the community that will draw consumers in.

What shopping trends do you foresee over the next 10 years? How might these trends affect suburban regional shopping malls?

As we enter a new generation, shoppers are gearing toward online and mobile shopping, which contributes to the extinction of shopping malls. America reached a time period where the number of adults who were born in a time where online shopping was not thought of are retiring; resulting in old habits, such as shopping in malls, coming to a cease. The older generation of adults tend to revert back to familiar habits such as shopping at malls or going to a bookstore. The new generation of adults/teenagers do not use shopping malls as a hangout spot in contrast to older generation, thus leading to the decline of shopping malls. Other than shopping, shopping malls were once used for socializing. However, with the increase of social networks

I do not think that online sales will eventually cause brick and mortar businesses to cease to exist. One can determine that shopping at brick and mortar stores is deeply embedded into the American culture. There is a distrust by millions of consumers to give his or her personal information over the internet due to identity theft. The internet is quickly becoming a force in determining new ways for marketers to strategically influence consumers (Palmer, Simmons & Mason, 2014, p. 383,

The suburban regional shopping mall is a place where the shoppers could purchase products and spend time for relaxing with their acquaintance. It has a huge space and amusement facilities, such as lounge, restaurant, department store and etc. Department store is one of the critical elements that the center has to attract and stimulate shoppers to walk throughout the mall. However, the existence of department store in the mall not necessarily gives a huge impact on the mall sales, because the changing of shoppers’ needs and wants.

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

Shopping in a store where the extended enterprise trade and international exchange with the developed countries. At the shopping mall, there are many department stores, shops, including many types of venue. Whether is a suburb of the city streets, city center or outlet center shopping mall corner convenience store, in life there are much traditional shopping location choices. Traditional retail is more dependent on location. Online shopping is usually at home or Office, you can use the convenient online computer search. Generally, the usual discussion the online shopping takes place on the internet website, so the location does not play an important role in online

The Internet has changed the way we do virtually everything, including the way we shop. However, shopping is not the only thing that has changed. In the last decade we have changed the way, we apply for loans, study, and even plan a vacation. Doing any of these things would have been impossible a few decades ago. At present, online banking, paying bills, ordering new services, and shopping online have become part of our daily lives. Traditional brick-and-mortar stores have been around much longer than online stores, but we cannot deny that online shopping is giving the traditional stores competition. Many consumers still choose to shop at regular brick-and-mortar stores because they like to see and

For my observation, I decided to go the Town Center Mall in Boca Raton, Florida to observe the advertisements that are present in our community. I went to the mall to conduct research because I need to make a purchase for a vacation, so I thought this was the perfect place to go. Each store I walked into, there were advertisements for instant savings, but the further I walked into any store, the prices climbed higher. Truthfully, I was shocked by the amount of people who did not care that they were being bamboozled. Initially, we were told at the front of the store that there were discounts, but we had to find out on our own that the prices raised exponentially. This was the exact reason why I wanted to conduct my observation at the

Also, shopping mall popularity is shrinking, with some retailers focusing on and consumers preferring stand-alone locations similar to Kohl’s. Over the

The traditional retail market has been transformed by technological advances. The internet today has allowed consumers to purchase various products from home ranging from apparel to groceries. The online shopping market has grown significantly within the past decade, leading to many online e-commerce startups such as Amazon, eBay, and mobile start-ups such as Instacart. While e-commerce provides convenience for shopping, it has created major disruption to the traditional shopping industries. Traditional retailers have since faced bankruptcy due to their inability to compete with such start-ups. The traditional American toy store, Toys R Us, announced its state of bankruptcy just last month due to a significant decline in sales. More and more consumers are turning to online giants such as Amazon to purchase daily items as a result of convenience. According to the Washington Post, Toys R Us is just one of more than 300 retailers to file for bankruptcy this year, as Americans ditch the shopping mall in favor of their laptops, smartphones, and tablets (Bhattarai, 2017). Shopping which used to require walking or a vehicle trip to stores is no longer required for consumers with online shopping. Online shopping has appealed to consumers worldwide by encompassing the business aspect of service convenience which constitute saving time and/or effort (Jiang, Yang, and Jun, 2012). For consumers whom have busy lives and those whom are physically disabled, online shopping is a positive

Travel agencies, newspapers and telecommunication providers have all suffered severe competition from internet- based substitutes (Grant, 1991). However, in-store apparel shopping is less substitutable by online shopping. On the one hand, it is a product of high risk; on the other hand, the apparel shopping trips to the city center can be more enjoyable.

Nowadays with the ever rapid development and increasing popularity of the information technology, shopping on the internet has been a fashion especially among the youngsters. But some people think brick and mortal stores are better than online stores. In my opinion, online shopping has more benefits in modern capitalist countries. Although traditional shopping can buy merchandise directly, online shopping is not only more convenient for people to buy it, but it is easier to compare goods than traditional shopping, and it also promotes economic development and promotes the development of other industries.