Topic > Advantages and Disadvantages of Retail - 1478

They are mainly found in metropolitan cities, close to urban suburbs. Their area can range from 60,000 square feet to 7,00,000 square feet and above. They offer an ideal shopping experience with a carnival of products, services and entertainment; all under one roof. Its examples include Shoppers Stop, Pyramid and Pantaloon. Shopping centers. The development of shopping malls across India has attracted the attention of real estate developers and corporates. Previously it was the large organized retailers, with their up-to-date, high-end outlets and direct interaction with consumers, that had been a key factor driving the growth of organized retail in the country, now it is the play the role. Division into shopping malls like up-market malls, mid-market malls, careful planning, quality products at lower prices, correct identification of needs and right timing can certify the success of the mall revolution in India. SPECIALIZED STORES Several chains such as Bangalore Kids Kemp, Mumbai-based book retailer Crossword, RPG's Music World and Planet M, the Times Group's music chain, are targeting specific market segments and have established themselves strongly in their sectors. DISCOUNT STORES Discount stores or outlets as their names suggest offering discounts on MRP by selling in bulk and achieving economies of scale or excess stock left over during the season. Their product category can vary from