E-Commerce vs. Shopping Malls

We are living in the age of evolution of information technology and online shopping is no exception. It is easier nowadays to order items, such as clothing, electronics, home appliances and even food online, then spend money, time and energy on driving to the shopping centre to get these items. This is a great opportunity for the retail stores to open up new possibilities and start selling their products online. Many stores, such as Apple or Wal-Mart, took that opportunity and experienced a sales increase.

This new market is not only profitable for businesses that are looking into entering it, but for the consumer, who is receiving the service at his convenience. But there is another question that arises, what happens to the actual stores? If e-commerce keeps expending, there will be no need for shopping malls and they will just lose business and close down. Therefore in order to survive, Shopping malls need to step up their game with offering entertainment, in the form of indoor amusement parks for children, cinemas, etc. A great example of this are the malls in Dubai, which include indoor ski resort, hotels, huge aquariums and amusement parks. Therefore malls in Dubai are so successful and they also make great profit for their owners.

Based on the article: http://www.theglobeandmail.com/report-on-business/industry-news/marketing/online-shopping-forces-malls-to-evolve-and-keep-customers-coming-back/article20777568/

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