Credit: Coniq

E-commerce will create billion dollar shopping centres

Mall operators with large portfolios of retail destinations that embrace e-commerce next year will generate a billion dollars in sales by 2025, according to Coniq’s recently published industry predictions for next year.

“2020 has been a challenging year for mall operators but it has also been one of much needed change with executives re-positioning their companies for future success,” said Ben Chesser, CEO of Coniq, the Total Customer Engagement Company. “From what we have witnessed with our clients, and the significant investment in technologies they are making, we predict the industry will witness a renaissance in 2021, including a massive spike in growth in the second half of the year as operators bring to market new business models and services that engage shoppers.” 

Over the past year, Coniq has spoken to a number of business and technology leaders at retail destinations around the world.  Based on these conversations, and other sources of insight such as shopper data from Coniq’s Total Customer Engagement Platform, here are Coniq’s predictions for next year. 

1. E-commerce creates billion dollar shopping centres. Large mall operators with extensive portfolios that embed e-commerce into their business models next year will generate a billion dollars in sales by 2025. This will deliver true value for consumers and brands by consolidating demand, creating efficiencies in delivery logistics and in product return, and monetising growing ecosystems of customer data.

2. More industry consolidation as the fallout from COVID-19 closures continues to expose financially weaker players. Portfolios will get dissected and the good bits picked off. The industry will see the emergence of innovative entrants, looking at discounted properties to test new types of niche, consumer-specific retail destinations.

3. Mixing it up. Mall spaces will become more diversified than ever before, and repurposed as co-working, office, residential, entertainment and logistics hubs (due to the need for “near to centre” logistics infrastructure).  This expanded retail mix will force mall operators to work harder to attract and keep tenants as the latter have more choice.

4. Outlets become the role model for mall operators:  The outlet business model evolves to be a fundamental part of the omni-channel retail landscape, continuing to grow into new markets. As the Outlet serves as the ideal new brand discovery and experimentation environment, brands continue to invest in the channel to drive customer acquisition with mall operators leading this evolution for the industry.

5. Mall operators start vertical integration.  Mall operators will buy and integrate retailers, key partners and technology suppliers to build and enhance their business models  Successful operators no longer see themselves as landlords, but as retail platform companies that operate and engage shoppers in store and online. 

6. Shopping centres enter retail. Mall operators will launch their own direct to consumer branded products. This strategic move to dominate their own supply chain will serve to collect greater levels of insight into consumer behaviour and preferences as well as to create new revenue streams. 

7. Customer location becomes the place. The smart use of permission-based location data to personalise customer engagement will be a top investment priority for mall operators as they focus on communicating and winning over local shoppers.

8. Paid loyalty programs sweep across the industry as mall operators look for new business models and money to fund the creation of great customer experiences.  Paid loyalty programs guarantee revenue for companies as they invest in transformational business growth initiatives next year. 

9. Sustainability returns.  Shoppers will renew their interest in buying at retail destinations that care about the environment, and have shown a commitment to operating in a sustainable way. Mall operators will invest in hiring heads of sustainability to ensure they deliver on consumer expectations.

10. PropTech start-ups consolidate.  As mall operators embrace digital transformation, and double investment in technology in 2021, start-up software companies will struggle to compete as mall operators prefer to purchase from larger, stronger providers.

About Coniq
Coniq is the Total Customer Engagement Company for growth minded shopping malls, outlets, and retail brands. Our platform, Coniq IQ, provides a faster, cheaper and simpler way to generate revenue by understanding, anticipating and engaging customers through unique and personalised experiences in real-time across multiple channels. The Coniq platform powers over £1 billion of sales annually for its customers, with more than 20 million consumers shopping at 1,800 brands in 24 countries worldwide. For more information, visit

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

Scallier gets building permit for retail park in Vaslui, Romania

The Polish company Scallier has obtained the building permit for a new retail park with a leasable area of 9,975 sq m (GLA). The facility is located in Vaslui, a city in eastern Romania, and scheduled to be put into service in 2022.

Authentically Narrated History Appeals to All Senses @ Fondaco dei Tedeschi Venice

In the Italian lagoon city, a stone’s throw from the Rialto Bridge and right on the Grand Canal, DFS – a pioneer in luxury travel retail (founded in Hong Kong in 1960) and now part of the LVMH Group – has set up shop. The curated selection of around 750 brands includes fashion, accessories, beauty, and jewelry, as well as food, wine, and gift items. Most of the products are made by local artists. The assortment of “La Corte al Fondaco”, a kind of high-end marketplace, changes regularly and is a great opportunity to pick up small gifts before leaving the building.

Galimmo Group appoints Eric Ravoire as General Manager

The Galimmo Real Estate Group announces the appointment of Eric Ravoire as Managing Director as of February 28, 2022. He will succeed Maël Aoustin who has decided to leave the Group to take up new professional challenges.

Colosseum Mall welcomes Douglas to its expansion project

Colosseum Mall announces the entry of Douglas to its tenant portfolio in its expansion project, which is going to be completed and inaugurated in S1 2022.

IPH Group expects further growth after a sucessful year 2021

Despite the challenging market environment IPH Group continues to grow. Leasing volume and new mandates significantly expanded again in 2021.

Mylly Shopping Center in Finland receives SHORE certification

The shopping center was awarded with the GOLD-level Excellent SHORE certification, which ensures a safe shopping experience for its staff, tenants, and visitors.