Professional Documents
Culture Documents
Organised by
Supported by
Media Partner
Indian Shopping centers have developed their own individuality. The shopping center markets and consumer behavior vary from city to city in India. However, best practices and general principles on how to develop and operate shopping centres successfully can be applied across the entire country. The focus of the workshop is to bring forth international experiences and success of innovation in planning, design, leasing and management, asset enhancement, mall upgrading and customer services. Insights into consumer trends and their influence on shopping center design and management will also be taken into consideration as our Lead Speaker shares his mature experience of retail infrastructure in Singapore and how the market has evolved to be a Global Shoppers Paradise. The workshop will provide the attendees with a crystal-clear picture of a shopping centre, right from its planning phase to its inception and to its successful operation. The workshop will have the brain storming session with the Lead Speaker who will encourage the attendees to speak out the challenges they are facing, to review the present scenario, thereby eliciting appropriate solutions for the same. It will be the ideal platform for an elaborate session on land acquiring principles, evaluations of various methods of pricing strategies. The workshop will also prescribe how to create perfect shopping experience where shoppers will have the convenience of shopping with the pleasure to indulge in, address the problems of tenants, thereby ensuring optimal sales of the retailers and define the qualities that an adept shopping centre professional should possess. The workshop will take a critical look at life cycle of a shopping centre and ways to reposition it for the sake of increased sustainability. This will lead to the topic of how to enhance assets of a shopping centre, and lastly, the crisis management for the safety and security of a shopping centre.
What else mall management requires other than managing facilities and utilities?
2
The 4Rs of ASIAN shopping centre management- co-authored by Mr. Tong Kok Wing
Shopping Mall Management In India: An Urgent Need To Fill A Vacuum- By Tong Kok Wing
Shopping mall development in India is a very recent real estate activity. Mall management must naturally follow through to ensure that a development is marketed and managed to optimise returns for its owner. Unlike a residential development, such as a condominium or an apartment block, a mall that is developed, even if it is sold on strata title, will have the shop spaces occupied by retailers who in turn must be able to cater to the needs and wants of shoppers. Thus, a mall development is a multi-faceted and more complex business proposition compared to other types of real estate developments. As mall development has its roots in the U.S., it would seem a good place to turn to for guidance and management expertise. Unfortunately this is not the case. In the U.S., malls are often single or double-storeyed with huge surface car park surrounding the mall because of the easy availability of land, the population demographics and life-style. The theory and practice of mall management there are also largely irrelevant and inappropriate for Asian malls. In India, like in many parts of Asia, land is scarce and expensive. Thus, mall development by necessity must be multi-storey with car parks in the basements or on the upper storeys to make it more feasible and viable. Also the Indian population demographics, shopping habits and preferences are more akin to those in Asian cities like Singapore and Hong Kong than the U.S. Europe is also not a suitable model for Indian mall developments. India is experiencing a mall explosion with a few hundred malls being developed simultaneously and due for completion around 2010. While it can be assumed that the hardware for mall construction is available in India, there seems to be a very grave shortage in the software of mall development, marketing and management expertise. One may try to turn to Singapore and Hong Kong to source such expertise. But, both Hong Kong and Singapore with their own continued development of malls are facing serious shortages in mall management expertise. This situation is exacerbated since talents with such experience and expertise being attracted to work in China, the Middle East, Malaysia, Indonesia, etc. on very attractive expatriate packages. Finally, unlike in the U.S. and perhaps Australia, in most parts of Asia, courses in mall management, which one can attend to earn a degree or diploma to equip oneself with the necessary knowledge and skills, are not available. In Asia, most of us learn mall management on-the-job. This is certainly not a very satisfactory situation. As we all know, even if one is able to gain the basics of mall management through a degree or diploma programme, as a mall is an evolving phenomenon, it takes years of practical experience before one can profess to have the requisite expertise in mall management to be able to keep abreast of the needs and wants of shoppers and retailers. Mall management has been identified as a critical factor for the success of malls and the retail industry across the world. This is equally true to India, if not more so, given its late start in the business. There is literally a vacuum in this area of expertise. Therefore, it is imperative that India must very quickly have a pool of trained and experienced mall managers ready to ensure that the many new malls that are completed in the coming years will not prematurely go into physical and economic obsolescence due to poor and inexperienced management. One way to address this urgent need is to bring in suitable foreign talent from Singapore and the region to provide the management expertise and initiate a technology transfer through training workshops and on-the-job guidance.
Mall Development: Concepts of Floating Value and Shifting Value Strategising the 5Rs crucial for development of a shopping mall
Due to limited sites availability and that too at an enormous cost, how to evaluate the site which would actually receive the benefit of development and other factors should be kept in mind while acquiring land. The issue like how public control of the use of land affects land values will be discussed. Most projects fail due to the fact that all the 5Rs are not taken into before, during and after mall development.
Getting & Doing It Right, Opening & Keeping It Right and Getting Right customers Evaluation of various methods for pricing strategies Putting together a winning team
In the scenario of mall explosion where every developer is getting into creating of retail space, how to do it right, when to do it and how to attract more and right customers and serious buyers. With regulatory authorities, rising land prices, infrastructure maintenance, environmental laws and other socio-economic factors, how to control costs and maximize revenues. While most developers construct the malls, they lease / sell to third party for managing it. It is these mall managers that need to build team of qualified professionals to manage and run the same efficiently.
Lease Commencement & Opening for Business, Lessees and Landlords Covenants
Design Development Input, Space Planning and Trade-Mix & Related Issues
Macro and micro inputs must be taken into account while developing the design and planning the layout. This session will also include market positioning, rental pegging and implementation of Scattered and Clustered concepts
DAY 2
What Do Shoppers Look For In A Mall?
While shopping malls in India have started making their presence felt, even in Tier II and Tier III cities, consumers still prefer traditional stand-alone stores, when they want to purchase specialized products like home dcor, traditional apparel, gifts and jewellery. It is imperative to understand how to get shoppers used to the mall culture.
Mall Marketing
To an extent, though the marketing activities start before the construction of the malls, there are very few developers who are able to set themselves apart and set a unique identity.
Crisis Management
This should be an indispensable and round the clock part and parcel of the security drills and training. Apart from the regular training on complete geography of the premises, the security staff should be taught how to manage all unforeseen situations and natural calamities.
For Registration and more information, contact Neeta Vadhvani Ph : 09311144600 / 011-40665515 vneeta@franchiseindia.com Amio Kachari Ph : 011- 4066538 / 32638433 kamio@franchiseindia.com
For sponsorships / business opportunities, contact: Venus Barak Mob: 09313331213 bvenus@franchiseindia.com
Shweta Mehan Parit Nath Ph : 09320033202 / 022- 40685508 Ph : 011-40665520 mshweta@franchiseindia.com nparit@franchiseindia.com
Franchise India Holdings Ltd.
F 89 /11, Okhla Phase 1, New Delhi 110 020, India Tel: + 91 (0) 11-40665555 Fax: + 91 (0) 11-40665563