Employees are one of the most crucial assets of any business irrespective of their size and industry. It is, therefore, essential to safeguard your workforce from occupational hazards, including accidents and illnesses. Apart from reducing employee productivity, such incidents often result in disruption of normal business operations. Consequently, your company incurs significant losses and has to provide suitable compensation to affected employees.
Today’s cutting-edge technology has changed the way new-age consumers socialize and entertain themselves. From food and groceries to clothes and gadgets - everything can be ordered in just a few clicks. It is becoming increasingly challenging to motivate such consumers to step out of the comfort of their homes. This, in turn, has compelled shopping mall operators to devise new strategies for attracting foot traffic.
An emergency can strike your organization at any time. It comes without any warning, and if you’re not prepared well enough, it can leave a trail of damages. Every organization is susceptible to a variety of emergencies ranging from natural calamities like earthquakes or floods to fires.
Gone are the days when shopping malls were just places to shop. Changing consumer preferences have forced mall owners into thinking out of the box to come up with new ways of increasing their foot traffic.
Topics: Shopping Centers
In 2019, the U.S. witnessed 417 mass shootings that claimed more than 500 lives and injured over 1,600 people. These figures indicate a sharp rise in the number of mass shootings since 2018. Educational institutes and places of worship might be easy targets, but other organizations, including shopping centers, offices, etc. aren’t immune to such violent incidents.
Has your shopping mall experienced dwindling foot traffic? While you can’t compete with the comfort and convenience of online shopping, you can use innovative tactics to lure crowds. The key is to entice your audience with an exclusive experience that will compel them to visit your mall. It is high time you take retail therapy to a new level by creating an immersive shopping experience.
The advent of modern technology has made businesses increasingly dependent on computers and the internet. From storing confidential data to making sales pitches - your business requires computer systems for almost every task. Moreover, you likely use internet-based communication systems to communicate with your employees, clients, and other stakeholders. Unfortunately, the growing dependence on technology also puts you at the risk of cyberattacks.
When the first mall in the U.S. was built in 1956, it was perceived as a revolutionary concept. The ability to access a plethora of brands under one roof was both a novelty and a luxury. However, in recent years, the fervor and excitement surrounding shopping malls have fizzled out. The comfort of online shopping has given mall operators a run for their money.
Shopping malls in the US have been in a mode of tailspin ever since the ecommerce industry started booming. People prefer to sit in the comfort of their homes and shop for their favorite products at even more affordable prices. This has led to widespread vacancies in the shopping malls in the country. Over 9.1% of the mall spaces were vacant in 2018’s third quarter and now, only 1,211 malls remain in the US.
Topics: Shopping Centers
Malls in America are facing a retail apocalypse. Mall vacancies stood at a seven-year high of 9.1% in 2018’s third quarter. These large vacancies have led to the collapse of many shopping malls in the country, and about 1211 remain in the nation.