Simon Young’s Post

I had the pleasure of attending the Mall Of The Future Summit 2024 in Sydney, and it was truly a insightful forum. From today’s discussions it emerged that the key thriving in this new era lies in the ability of shopping malls to reinvent themselves, cater to the needs of their community, and create memorable, engaging environments that foster long-lasting relationships with customers. Below are a few of the factors fueling the transformation of malls that I noted during today's discussions. 1.     Focus on experiential spaces 2.     Smart malls with flexible technology 3.     Pop-up shops to test new concept 4.     Green malls/focus on sustainability 5.     Health and wellness zones 6.     Omni-channel retail experiences 7.     Flexible lease terms 8.     Community-building initiatives 9.     Smart parking solutions 10. Delivery and pickup hubs 11. Foodscapes for a day-to-night experience 12. Include age-specific spaces In order to stay relevant and thrive, malls need to adapt to the ever-changing landscape of consumer preferences and shopping behaviours. By embracing emerging trends like incorporating technology, prioritizing experiential retail, and reimagining physical spaces, malls can ensure a promising and sustainable future lies ahead. #design #shoppingmall #futurecities #retaildesign #mixedusedevelopment #architecturedesign #experientialretail #phygital #flexibledesign #futureplace #adaptivereuse #omnichannel #innovativearchitecture #clarkehopkinsclarke

The Future of Retail, Reimagined From Innovative retail spaces to thriving footfall, all in one place. #buydreamhomenoida #buyflats #buynow #noidarealestates #vsquarerealtymart #buyhome #luxuryhome #noidarealestate #buyhome #buydreamhome #dreamhomes #noidaproperty #parasavenue #parasavenuenoida #noida #greaternoida

Malls have long been seen as mere spaces for shopping, dining, and entertainment—where consumers go for their needs only. #Globally and #Locally, their branding often stops at the components that constitute a brand, not the brand itself and my question has always been why should a mall be confined to these narrow definitions? The retail landscape is evolving, and malls must also be recognized as 𝗔 𝗕𝗥𝗔𝗡𝗗 that live and breathe beyond the traditional view of retail. A mall isn’t just a space to shop—it should be a place that resonates with people, builds #communities, and creates #experiences that forge #emotional connections. To achieve this, the mall as a brand must go beyond what we normally see. It’s about building meaningful connections with #customers, understanding their #needs, and engaging with them through #innovative, #authentic initiatives. #Campaigns and #community-driven initiatives can break through the noise and position a mall as a true #brand in the hearts and minds of its audience. However, this shift isn’t always easy. Malls often face the challenge of being #evaluated and #judged by outdated standards like décor or events only—seen simply as retail spaces rather than brands that play a vital role in shaping consumer experiences. But this is exactly where the #transformation happens. Malls need to be viewed as #living, #evolving entities that go beyond shopping to become an integral part of people's lives. As the #retail #landscape continues to evolve, we at LuckyOne Mall are paving the way for malls to be recognized for their true value—as a #brand that speaks to people on a deeper level, delivering more than just products, but #experiences that matter. The journey to changing this #perception is ongoing, and the role of the mall brand will only grow stronger. The #challenge is not just in meeting #expectations, but in setting new #standards that redefine what a mall brand can and should be. #Jspeaks #luckyonemall #theplacetobe #brandbuilding #retailinnovation #marketingleadership #communitydriven #retailrevolution #mallbranding #globalimpact #brandstrategy

The future of retail is undergoing a significant transformation, marked by innovations and challenges for malls. Retailers are adapting to changing consumer demands and technological advancements to create enriched experiences and sustainable practices within shopping spaces. #retail #news #sustainability #shopping #malls #business #update Read more: https://lnkd.in/giQEA9CK

The mall isn’t what it used to be. But that doesn’t mean it’s dead. So runs the strapline in an interesting article in The Atlantic (link in comments). The point is important as one of the predominant narratives about shopping has been that malls are in terminal decline. Now, to be fair, there has been a drop in the number of malls, and some are still struggling. However, at the other end of the spectrum some malls are thriving. At Brookfield’s highest quality malls, tenant sales are more than 18% above pre-pandemic levels. And shopping center vacancy is now nearly the lowest it has been in 20 years, at 5.4%. So, the picture is very mixed. What’s changing more is the composition of malls – in other words, the stores and services that go in them. Generally, department store anchors are less important, and an ecosystem of great brands and more experience are more critical. Just this past week we’ve had two interesting articles on how lifestyle gyms are taking more space, and how Netflix is opening experiential stores in old department store spaces. But reformulating traditional malls is far from easy. The experience of Brookfield in trying to repurpose some of the malls it acquired from GGP into mixed-used mini-cities exemplifies this. So far, only two properties have been redeveloped. Nevertheless, such change is vital for malls to remain relevant. The bottom line is that most consumers like in-person shopping, but they want modern experiences that deliver on needs that are different to the past. #retail #retailnews #malls #shoppingcenters #realestate #shopping

Modern markets like 32nd Avenue are transforming the retail landscape by offering more than just a shopping destination. With its mix of contemporary design, green spaces, and a carefully curated selection of emerging brands, 32nd Avenue provides an experience that goes beyond traditional retail. From live performances and food festivals to boutique pop-ups, these spaces blend commerce, community, and culture in a way that attracts diverse audiences. This innovative approach to retail not only supports new brands but also fosters community engagement, making it a model for the future of experiential shopping. As we look toward the evolution of retail, spaces like 32nd Avenue show us how the right mix of design, brand diversity, and events can create a vibrant, lasting impact. #modernmarkets #experientialmarketing #RetailInnovation #ExperientialRetail #CommunityEngagement #RetailTrends #ShoppingExperience #BrandActivation #EmergingBrands #PopUpShops #businessindia #india #evolution #globalbrands #success #opportunity

when I come through an article The retail world is abuzz with exciting developments showcased at the Mall Development MENA Forum 2024, held earlier this month in Dubai. Industry leaders explored how malls are evolving into community-centric hubs, blending retail, leisure, and technology in innovative ways. Tech-driven growth: With 70% of mall data previously underutilized, advanced analytics and AI are now redefining shopper experiences, optimizing layouts, and fostering tenant success. Multi-functional spaces: Retail zones are becoming versatile, hosting pop-ups, events, and co-working areas, creating dynamic experiences for visitors. Sustainability and local identity: Malls are embracing eco-conscious designs and culturally resonant elements to connect deeply with their communities. As someone passionate about transforming retail spaces, I find this shift toward adaptability and innovation truly inspiring. Malls are not just destinations anymore—they are becoming vibrant ecosystems for connection and creativity https://lnkd.in/gefpFvZQ #MallEvolution #MixedUse #RetailTrends #CommunityHubs #FutureOfMalls #Marketing #MallManagement #RetailStrategy #CustomerEngagement #FootfallRetailExperience #ShoppingMall #CustomerEngagement #MallCulture #CustomerLoyalty #Entertainment #RetailTransformation #Memories #ExperienceEconomy

The future of malls lies in their ability to adapt and innovate. By offering personalized interactions and entertainment, physical retail can thrive. Malls aren't dead—they're just changing, and for those willing to evolve, the future is bright. #ExperienceDesign #RetailExperience

Expanding into new markets and offering customers a strong brand experience is the theme of the year 🌍, and it’s exciting to see how Peak Performance is joining the club. Retail is increasingly becoming an advertisement and experience channel for brands. For me, and likely for most consumers, the most exciting part of all these new store openings is the in-store experiences they offer. Peak Performance and Arc'teryx, for instance, enhance their store and product experience through initiatives like WearAgains and repair stations such as the ReBird Center at Arc'teryx. Such programs are fantastic for boosting loyalty, bringing customers back to the store, and promoting sustainability. However, the experience with the brand often stops abruptly at checkout, where customers receive a paper receipt and no further means to learn more about the purchased products or engage with the brand. How do you keep engaging with customers post-purchase in an exciting and meaningful way? #Sustainability #RetailInnovation #CustomerLoyalty Retail Gazette Amer Sports

We look at how by embracing temporary uses (pop-ups, brand showcases, experiential spaces) landlords can unlock significant value while enhancing the vibrancy of their properties. #realestate #retail #popups https://bit.ly/3BfqpWk