There are hardly any similarities between shopping malls and neighborhood stores. Shopping malls and neighborhood stores cater to the needs of people ranging from food, hardware/construction needs, etc. Both hold the same objective of providing the needs of people within the area in the most convenient way possible. In addition to that, shopping malls both go on sale and motivate their clients to patronize their products/services
Differences Meanwhile, there are several a number of differences between shopping malls and neighborhood stores as well. Some of these are the following: First of all, shopping malls may come in several sizes including
- neighborhood;
- community; as well as,
- regional .
The first type technically referred to as the “neighborhood mall” is marked by a “string of stores” disconnected from the thoroughfare by a par
...king lot
The second type which is known as the “community mall” is typically bigger in size than the first one aforementioned and “features an anchor store, a large well-known store that attracts high traffic”. It is advantageous since “the smaller stores attracted to that mall will target the same market segments the anchor store draws”. Simply put, every store in this type of all has a large potential to profit as well since it also comprises “complementary and competing products”
On the other hand, the third type which is technically called “regional malls” is the largest among all the aforementioned types; in fact, it may hold as many as two hundred stores in it. This is so because, “they draw from a large geographic area and feature a mix of convenience, shopping, as well as, specialty products”. Comparing to the neighborhood stores, there is only one type o
this, unlike shopping malls
Second, because shopping malls cater to more products and services, it is far more convenient as compared with neighborhood stores. Shopping malls are like a one-stop-shop where one can find everything he or she needs, for instance, hardware is there; a department store is present as well; a drugstore may also be found there; grocery is there too of course; a barbershop/parlor is typically situated there as well; a daycare is there too if you need to leave your toddler before doing what one needs to in the mall; etc.
In comparison to neighborhood stores, one will have to transfer from one place to another to complete shopping for the things he or she needs. This is because usually a neighborhood store only holds and features products of the same category. For instance, if the neighborhood store features food, then one can only shop there for ingredients, and other cooking needs.
If it is a neighborhood store that specializes in hardware, then only those things needed to build a house, building, or just construction materials will be available there. And so on and so forth… Third, security may tend to be better in shopping malls. This is because the landlord feels responsible for his or her tenants and because tenants also have a say on such issues. A neighborhood store may or may not provide his or her own private security guards.
This is because it is relatively small and may already be managed by the local police station. In addition to that, it is because shopping malls tend to earn more than neighborhood stores and so they have more money to spend for security
purposes. Finally, shopping malls may offer more to their patrons as compared with neighborhood stores because of what is technically referred to as “centralized management”. “Joint promotions, administrative support, good landlord-tenant relationships, etc”.
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