Advantages & Disadvantages of Shopping Mall By Dishant Soni

Shopping Centers Group of retail and other commercial establishments that are planned, developed, owned, and managed as a single property

Advantages of Shopping Malls Many types of stores within one location Merchandise assortments available within those stores Opportunity to combine shopping with entertainment Attract many shoppers Large trade area Generate significant pedestrian traffic Inexpensive form of entertainment Customers don’t have to worry about weather

Disadvantages of Shopping Malls Occupancy cost are higher than those of strip centers, freestanding sites, most central business districts Retailers may not like mall managements control of their operations Strict rules governing store displays and signage Competition within shopping centers can be intense Similar merchandise sold in a close proximity

Rushmore Mall Shopping malls are classified as either regional malls or super regional malls. Our mall is classified as a regional mall because its less then 1 million square feet The next six slides are examples of different shopping malls in Rapid City, One you are probably familiar with is the Rushmore Mall

Rushmore Crossing Power Center Consist primarily of collections of big box retail stores, such as discount stores like Target, warehouse clubs, and category specialist Few small specialty tenants Many power centers are located near an enclosed shopping mall

Specialty Shopping Having a convenient location is not important for specialty shopping Customers are willing to travel and pay more for specialty products

Convenience Shopping Dons Valley Market Express Is convenient because they off one stop shopping You can buy milk, meats, vegitables, canned food, fruit and still have the convenience of a gas station

Store within a Store Wal-mart Within Wal-Mart you can also eat at McDonalds, get your nails done, a hair cut and get your picture taken Great Western Bank is also in Wal-Mart

Main Street Shopping Centers Traditional shopping area in smaller towns, or secondary business district in a suburb or within a larger city. Occupancy cost are generally lower because they do not draw as many people as the primary CBD Fewer people work in the area