Malls, Retailers Will Collaborate to Build India’s Consumption Story
Retail is all about consumerism and the shopping centre industry is the key driver of consumerism in India. My belief is that modern retail drives consumption and that malls are pillars that power this drive seamlessly. However, I also believe that consumerism in India has not scaled up to the level it could have gone up to and the onset of COVID-19 stunted this growth on a global scale.
But 2020 is over and as we enter into a new decade, we have certain promises, goals and missions to take on. Re-building the consumption story of Indian retail is one of them and shopping centres will play a very significant role in this journey.
Moving towards a brighter, more positive 2021, IMAGES Group conducted its first on-ground event post-COVID. At the ‘Retail RealEstate Strategy Meet’, we welcomed 100 retailers and mall developers. It was an evening well spent listening to and absorbing the ideas and initiatives which top retailers and shopping centre heads came up with during and after the lockdown period to get back on the track of revival and growth.
The cover story of January 2021 brings to our astute readers, an exclusive coverage of the event complete with ideas that can lead to a successful 2021, ideas that revolve around building consumer confidence, philosophies spun around collaboration of new business models and a thorough analysis of mall experiences and top line sales.
We once again thank those retailers and mall developers who joined us for the event and for those of you who couldn’t make it, you can be a part of the growth journey that 2021 promises by going through the coverage in our magazine and on our website.
As always, we hope you find the issue informative and useful. Log on to our website https://www.indiaretailing.com/category/shoppingcentre/ for more features, analysis and expert opinions.