Shopping malls and high-street retail serve different business models, each with distinct advantages:
- Shopping Malls:
- Large-scale, planned retail destinations offering fashion, electronics, dining, and entertainment.
- Controlled environment with air-conditioning, security, and promotional activities.
- Often owned by real estate developers and leased to brands.
- Higher maintenance but consistent footfall through anchor stores and events.
- High-Street Retail:
- Standalone retail outlets located in prime areas with high pedestrian traffic.
- Preferred by luxury brands and flagship stores for direct brand visibility.
- Lower maintenance costs but higher rental costs per square foot.
- Footfall driven by office-goers, tourists, and local residents.
Both formats are expanding, with malls evolving into lifestyle destinations and high-street retail commanding premium positioning in major cities.