In recent years, many small local shops have closed because customer travels to large shopping centre and mall to do shopping. Is it a positive or negative development?

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Due to globalization, more and more people opt to do their shopping, from shopping malls which results in the closing of many local shops. In my opinion,
this
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is a positive trend as customers’
money
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and
time
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is saved,
however
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,
this
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is
also
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a negative trend as these small shop owners get bankrupt. On the one hand, shopping from the shopping centre saves the
time
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and
money
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of the consumers which are the main reason why I think it is a positive
development
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to a certain extent.
This
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is because, there are shops all under one roof,
such
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as groceries, electronic appliances, clothes and cinema halls.
Hence
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, consumers do not have to roam a
lot
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to various shops for buying their essential goods and waste energy.
Moreover
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, these shops under malls provide a
lot
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of discounts and offer to their end-users,
such
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as 50% off or Buy 1 and get 1 free. By
this
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way, the consumer gets a benefit a
lot
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. Overall, because of
such
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malls, the customers’
time
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and
money
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are saved a
lot
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.
On the other hand
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, the primary cause of why it is a negative
development
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because many local shops are getting closed and owners are becoming bankrupt. To elucidate, the majority of end-users are buying their necessary goods from
such
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a shopping centre because of huge discounts and offers,
hence
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, they are less inclined to buy from the local market.
This
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results in not having enough income to support or run the shops as well as family, and at
last
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,
such
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shops are windup or closed permanently from the market.
For example
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, in the recent article by the Times of India revealed that there are many bankruptcy cases found in the local banks because of shutting down of the local small shops due to the opening of many malls in the market. In conclusion, in my view,
although
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saving of
time
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and
money
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buying essential goods from malls is a positive
development
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, many small vendors become bankrupt and could not support their family is a negative
development
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.
Submitted by jdsmss on

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