Question

l you went only by the number of shopping malls in the country, you would think the brick-and-mortar retail space in India is booming. By the end of this year, India will have more than 87 million square feet of shopping space in its malls. The country already has 570 functional malls, with this number having doubled over the last five years

2. There is, however, one problem buyers are no longer doing their shopping at malls. What looked like India's great retail growth story is turning out to be a tale of empty shopping complexes and stalled projects, with developers giving up midway instead of trying to make these projects profitable. The culprit, data suggests, could be online shopping

3. A report by The Associated Chambers of Commerce and Industry of India page the growth rate of e-commerce in India at 40-50% in the next five years. Physical stores are the ones bearing the brunt of massive discounts and comfort that e commerce has brought to the desks and palms of the youngsters who no longer feel it necessary to visit a retail outlet to buy something. According to the report. 80-85% of the space in the new malls is lying vacant. This problem is being faced by mall owners across the board starting with metropolitan cities like Delhi, Mumbai and Chennai, followed by Ahmedabad and Hyderabad In each of these cities, mall rentals fell by more than 4 te ing to fewer footfalls

the same time, online shopping crew by over 350% in just one year, the report aua Apart from convenience, rising fuet price, security reasons online discounts an ailability with abundance of choices are keeping consumers indoors salad Rawat, Secretary General of ASSOCHAM
5. Even then, revenues continue to come in for some of the malls. The reason: anchor stores. Anchor stores are those specialised stores that offer exclusive products generally not available online. Brands like Zara, H&M and even Starbucks are acting as anchor stores for mall owners, who are rushing to sign them, at times with revenue sharing models and larger exclusive spaces.

6. Evidently, the surge of online retail has also forced mall owners to set their priorities straight, as watching movies and dining out remains among the last few things that people cannot get delivered to their doorstep. "The arrival of the mall syndrome has accelerated the growth of cineplexes as multiplexes are the anchor tenants in most of these malls, Shravan Shroff, managing director, Shringar Cinemas.

Only 17% of Indians are online as of now, a low number compared to other countries. However, these numbers are soon set to swell up exponentially as India hits the mark of 300 million people online before the year ends, leaving mall owners as well as retailers with the mammoth task of luring people away from their computers and phones to physical stores at a time when developers are slowing down on projects.
On the basis of your reading of the passage, answer any ten of the following questions.

(1 x10-10)

(1) What does the given passage highlight?

(a) Increasing number of mall in India. (b) Growth of online retail in India.

(e) Impact of online retail on malls.

(d) The strategies that malls must utilise to increase footfall.

(11) In the line,... a tale of empty the word "Tale' DOES NOT refer to

(a) a story

(b) a situation

(c) a report

(iii) How does online retail growth affect the shopping malls?

(a) They are empty (c) No focus on making business profitable.

(b) Mall projects are

(d) an account

stalled.

(iv) Based on your understanding of the passage. Choose the option that lists the ways in which the e-commerce industry had taken over malls.

1 Discounts

4 Security

2 Ofen

(b) 4.5 and 6

ATravelling

& Convenience

(e) 1,2 and 5

(a) 1.2 and 3

(v) Lower footfall resulted in

(a) vacant malla (c) shutting down of malls

(d) All of these

(b) fall in all rentals (d) construction of multiplexes in malls

(vi) Choose the option that lists the statement that is not true according to the given graph, online shopping has seen exponential growth.

(a) Between the year 2013 and 2020, (b) Online shopping became a part of the Indian shopping market in 2009, (e) Online shopping saw consistency between 2009-2012 (d) Online shopping drastically changed the shopping scenario after 2012​

Answer 1

Explanation:

these are the answers of your questions

Answer 2

Answer:

(Questions are incomplete but I'll write the complete answers.)

1(e) Impact of online retail on malls.

2. (a) a story

3(d) Both a and b : (a) They are empty (b) Mall projects are stalled.

4 (d) All of these.

5 (d) All of these.

6 (d)Online shopping drastically changed the shopping scenario after 2012.

Explanation:

This passage is all about how India has seen growth in the construction of malls but the reality is that it has been affected by online shopping.

Online shopping has forced mall owners to make restaurants and cinema halls in the malls for revenue, their business is in loss because people are now doing online shopping for clothes and apparel.

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