Essay On Shopping Mall Environment
1. Local Shopping Mall Environment According to SRA, Singapore Retail Association, Singapore retail environment are the population with 5.18 million residents, total of 20,000 retail establishments, in year 2010, estimate of 11.6 million tourists arrivals and Singapore Gross Domestic Product reached SGD 303 billion in year 2010. Not only that, according to SRA as well, there is a report from World Bank’s “ Ease of Doing Business” in year 2011 stated Singapore ranked No 1 out of 183 countries. World Competitiveness Yearbook had ranked Singapore in third place for the most competitive country by Swiss Business School IMD in 2011. USB Prices and Earning Report 2011 had stated and ranked Singapore in second place for the most expensive city in Asia and ranked No 10 for the most expensive city globally. Moreover, Singapore is well-known in high level of competition in retail sector and high cost of retail operations for rentals and labour. I. Local shopping mall environment In the year 2013, Singapore’s economy is growing positively but in just single-digit growth rate. Not only have that, Singapore dollar remained strong in the same year as compared to neighbouring countries’ currency. These two reasons have made an impact to the local market as the retail growth slowdown in the year 2013. According …show more content…
We cannot deny the fact where online shopping provides consumers with ultimate levels of convenience. Shopping mall nowadays should move towards in a different direction, away from the commoditized shopping experiences. They should widen customers’ value proposition by providing innovation malls with value added elements such as concerts, spas, bathhouse, farmers’ markets, arts centers, concerts and fitness
Eco 372 Week 2 Assignment
434 Words | 2 PagesForeign investors are attracted towards a country that has a strong economy. This leads to better valuation of the currency. Increasing budget deficits of governments lead to the decreasing valuation of currency. When it minimizes, the currency value makes a favorable, more prominent exchange rate.
Urban Outfitters Essay
974 Words | 4 PagesHistory Roommates at Lehigh University Richard Hayne and Scott Belair founded urban Outfitters in 1970. The two were just getting back from doing internships and volunteer work after completing their freshman year of college. Coming back for their sophomore year, the two discussed ideas of a store that sells inexpensive clothes and accessories for dorm rooms. The two open Free People Store in Philadelphia investing $5,000, the store sold inexpensive wore clothes, drug paraphernalia, candles, shirts, and jewelry. Successfully staying in business the two changed the name from Free People Store to Urban Outfitters.
Personal Response To 'The Mall' By Alan Brinkley
245 Words | 1 PagesThe Mall Personal Response In “The Mall”, Alan Brinkley discusses the growth and popularity of malls and shopping centers internationally over time. Brinkley talks about shopping districts and how they were a community shopping and entertainment center for diverse families and teens to enjoy themselves. Although the first mall opened in 1924, this statement is still true to many people ‘til this day. Throughout high school, my friends and I would hang out at the mall and eat at the food court.
How To Write A Rhetorical Analysis Shopping For American Culture
1557 Words | 7 PagesThe topic discussed in this article focuses on the positive impacts malls have in society. Malls have been around for many years and continue to influence society into buying or shopping for material things in order to satisfy our everyday needs. They are also a way of connecting society by the interaction of shopping in masses brings and creates a fun ambiance for everyone to enjoy. Rhetorical evaluation is analyzing the tone, the aim, and the ultimate purpose of the ideas being brought forth. Evaluation is an important skill to have in today’s society because otherwise we would be led like sheep into accepting eloquent arguments as absolute truths when they could be the opposite.
Weak American Dollar Research Paper
125 Words | 1 PagesWhat causes a weak "American Dollar"? The strength of an American dollar depends on the value and strength against other currencies in the foreign exchange market. A weak dollar can be exchanged for only a small or decreasing amount of foreign currency. A weak dollar is usually seen as a bad thing because it does not stretch as far internationally as it once did. When we have a weak dollar foreign currencies buy more of our goods and services than we can buy of theirs.
Lenox Mall Ethos Pathos Logos
1023 Words | 5 PagesAs I walk through the mall, I see a diverse community of people coming together; hence, the mall stays crowded even on weekdays. Age groups from teenagers to elderly people swarm all around the elegant mall, but why? Lenox appeals to each age group with desired stores, for example, a teenager loves to shop at Hollister, Abercrombie or American Eagle while an older shopper may go to Brooks Brothers, Banana Republic, or Anthropologie. In addition, not only does Lenox offer a wide variety of stores, but also Lenox is conveniently located right off the highway, so it is easily accessible. A Marta Station is also positioned right next to the mall within a suitable walk distance to the food court.
Summary Of The Tipping Point By Malcolm Gladwell
322 Words | 2 PagesAs a result of online retail, there has been a shift in how we do our shopping and is making its way to being THE way of shopping. Online retail has strong cost advantages in comparison to its offline competitors. It is rapidly taking precedence in many categories due to better pricing, selection
Urban Outfitters Research Paper
349 Words | 2 PagesIt is said that what one eats is what he or she is. That is also true with fashion, where one shops is who he or she is. The customers that shop at Urban Outfitters are rebellious and creative. These customers are in the age range of sixteen to thirty years old, including men and women. The customers who shop at Urban Outfitters are not afraid to show their individuality and express their quirky ensembles.
Is Walmart Good For America Essay
515 Words | 3 PagesWalmart is the largest retailer in the world. Walmart is the most powerful company in the history of U.S. business. City Council should approve Walmart proposal because Walmart provides low prices on grocery, household item and much more. Walmart provides a variety of choices to customers. Walmart has more choices and choices that are close to home, so they don’t have to drive as far.
The Importance Of Unemployment In Singapore
1810 Words | 8 Pages1.0 Introduction “Governments should play active roles in managing short-run instability in the economy caused by unemployment and inflation problems. ” I strongly agree with this statement as far as my own country is concerned. Singapore, although a very small island of about 700 square kilometres in the South East Asia, is an international business hub. The population is about 5.7 million as of July 2015 which consists of Chinese, Malays, Indians and other emigrants like Filipinos and Caucasians.
Compare And Contrast Shopping Online And Online Shopping
851 Words | 4 PagesWe all know that shopping at stores requires us to go to mall or department stores in buying supplies and spend our money. Now we live in the age of internet and buying things can now be done by clicking a mouse. Because of the numerous benefits of shopping online more and more people these days prefer online shopping over conventional shopping. But which one gives us the best benefits? Our discussion centered on three differences between shopping at stores and shopping online.
Impact Of E Commerce On Consumer Behaviour
1462 Words | 6 PagesSince the beginning of the 1990’s, e-commerce has radically changed consumer behaviour by introducing new retail channels (Ngai and Gunasekaran, 2007). Serious attempts to trade online started to emerge in the mid-1990s wheninnovative, technically savvy companies responded to the opportunities and challenges posed by the internet, to develop sophisticated web sites to serve customers, in their homes (Rayport and Sviokla, 1994). The present retail environment is characterised by new, store and non- store, retailing formats, a wide range of new products, use of new information and communication technologies and consequently, the changing customer needs. Moreover, the dynamic lifestyle conditions of consumers has resulted a change in their personal environment that contributes to a profound change in customer behaviour (Schröder and Zaharia, 2008). Retailing in the 21st century means doing business with customers on their terms (Mathwicket al., 2002).
Benefits Of Online Shopping Essay
1142 Words | 5 PagesOnline shopping has nowadays become a widely spread way of shopping among people on different continents and in different countries. Its popularity is constantly on the rise considering the spread of Internet technologies and the increasing share of online shops in the retailing business. Online shopping activities are gaining wide spread as far as they tend to provide the consumers with numerous benefits and increase the convenience of buying without leaving the house. The popularity of online shopping grows due to a range of reasons, including its convenience as well as time- and money-saving potential.
Persuasive Speech On Online Shopping
765 Words | 4 PagesNew Year 2017 - It's Time to Celebrations It is that time of the year again where everybody is excited and humbly waiting for new year’s. New year bring so much happiness and new opportunities for every individual. It is an also a time to share your happiness with everybody and party and have a get together.
E-Commerce In Mauritius
1049 Words | 5 Pages1.0) Introduction 1.1) Background During the past decades, the retailing industry has gone through many important changes. Saturated markets, fierce competition, and the turbulent macro-economic environment have condemned retailers to reconsider their retail strategy. Actually there are four factors which have constantly been reshaping the world of business – technological advances such as the internet, the loss of geographic advantage resulting from globalization, the shake-up of the traditional industries as a result of de-regulation and the rising power of the modern and complex consumer. However one of the most important factors remains the evolution of the Internet.
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