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The success of retail shopping centers lies in learning the formula = Inventory + Space + Execution. But note that retail success aligns parallels with the number of visitors and shoppers visiting the mall every week to make a purchase. So, what encompasses a mall’s inclined growth?

Re.Connect has chalked out the strategies to address the imperatives proficient to mall management. Comprehending the significance of different elements such as facility management, operations management, customer services, and infrastructural facilities, that are decisive for the retail centers’ success.

Number 1:

Asset and Property Management –

During the development and renovation process, the owners of the retail centers appoint letting and managing agents. Property and facilities management involves operations with complete physical aspects involving critical business functions like Leasing, Management, Performance Analysis, Fit-out, and more.

Number 2:

Safety and Security –

Safety and security are the main concerns for shopping centers, including both retail tenants and consumers. Investing in good security systems with CCTV cameras alerting alarms, safeguard doors, and advanced lock systems leads to secure and comfortable shopping. Apart from tangible security, shopping centers should also maintain an access control system that prevents mall retail outlets from cyber hacks and attacks.

Number 3:

Managing Sustainability with Mechanical & Electrical Equipments –

Energy use and installation are becoming a major concern for young and future consumers. Environmental criteria like effective air-handling systems, air purification, sustainable energy/electricity generation, electrical vehicle parking, EV charging points, and a sustainable and healthy environment of retail shopping centers are preferred.

Number 4:

Financial Accounting and Management –

Retail shopping centers require fast financial management. Customers might spend long time selecting the product they want, but they detest waiting for long billing process. That is why a successful retail shopping center requires efficient management of inventory, purchases, purchase returns, schemes and promotions, and sale returns for effective calculation of funds. Along with effective POS that is, a Point-Of-Sale system for fast transactions with no long billing lines.

Number 5:

Human Resource Services –

Retail shopping centers can grow with rapid speed when retail outlets employees treat their consumers with the utmost respect while helping them in the little steps of finding and purchasing. Selecting an effective HR consultancy is important. Secondly, other employee services like payroll processing, employee time cards, attendance tracking and more are essential for retail outlets’ growth and image.

Number 6:

Customer Relationship Management –

The goal of every retail shopping center is to nurture its consumer so that they retain and return. Retail outlets with their effective customer relationship management softwares and programs can influence and entice their former consumers to come back and shop more. Successful CRM Loyalty Management programs, Promotion, and Campaign management can change the way customers stay loyal to their retail outlets and shopping centers.

Shopping centers are unique as they require rapid evolvements and adoptions to fulfill the needs of their updated and fast consumers.

When the retail industry works hard to meet the purchase requirements of consumers, it’s time we assist the Retail Industry to find services with ease and zero hassle.

It’s time to Re.Connect!