Malls Look Past Santa to Deliver Shopping Experience

The video explores the dynamics of New Jersey malls, highlighting the diverse range of stores from budget to luxury. It discusses the challenges retailers face, such as pressure on margins due to promotions and the need for innovative experiences to draw customers. The video also covers inventory management strategies and the importance of sustaining sales momentum beyond Black Friday.

What is one of the main challenges retailers face during the holiday season in New Jersey malls?

• High rental costs

• Lack of customer interest

• Pressure on margins due to discounts

• Increased competition from online shopping

What unique feature does the Garden State Mall offer to attract customers?

• A movie theater

• A large food court

• A full-size carousel

• An indoor water park

What is a strategy mentioned for bringing people into malls?

• Hosting celebrity events

• Providing free Wi-Fi

• Launching DreamWorks Animation partnerships

• Offering free parking

How have inventory levels changed from last year to this year?

• They have decreased significantly

• They have remained the same

• They have fluctuated unpredictably

• They have increased significantly

Why might a store be forced to cut prices even if its inventory is well-managed?

• To match competitors' price cuts

• To attract new customers

• To clear out old stock

• Due to high operational costs