Business

10 Big Changes Happening Right Now in the Retail Food and Hospitality Sector

10 Big Changes Happening Right Now in the Retail Food and Hospitality Sector

Is it possible that the modern lifestyle destination will drop the four-letter word M.A.L.L. as it reinvents itself as a mixed-use project? These spaces are now featuring food, hospitality, entertainment and other experiential asset-growth segments which expand beyond the four-letter word, mall. As advisors to the retail industry, we are witnessing a number of important changes in the sector. Here are our top 10 changes shaping the way these developments are created. 

The Shopping Mall: Then, Now and The Future

The Shopping Mall: Then, Now and The Future

At the inception, a shopping mall was a simply structured space that provided a one-stop-shop for household commodities and other retail items. Today, the function, design and overall purpose of the shopping mall as vastly changed. Walk through the evolution of the shopping mall, from what it has been to what it is now and what it will be in the future.

The 3 Keys to Being More Than Just a Mall

The 3 Keys to Being More Than Just a Mall

The successful centres around the globe are focussing on three key components. One point that we cannot express enough is that what was once a stock-standard formula for creating a mall that satisfied is no longer. Every community, every customer, every space in a different suburb, city or country demands something different and knowing exactly what that is is pivotal to the development and success of a centre. However, these three components are proving to be a common thread in the malls that are standing out from the crowd and defining them as ‘more than just a mall’.

Sustainablility: Assessing and Improving Your Environmental Impact

Sustainablility: Assessing and Improving Your Environmental Impact

Last week, we talked about sustainability in the food and hospitality industry. We at Future Food believe the environmental impact your food business has is a key component of your success as it not only promotes consumer following but also reduces long-term costs leaving your business more room to grow. It is also a responsibility that the food and hospitality industry must own as it is no longer acceptable to waste resources and contribute negatively to the world around us.

So for this week’s Feed article, we are going to walk you through the important steps of assessing your business on how sustainable it is on an operational level and where changes can be made to achieve your sustainability goals.

Sustainability: A Key to Your Food Business’s Future Success

Sustainability: A Key to Your Food Business’s Future Success

Sustainability in the food and hospitality sector is a big topic to touch on. Future Food placed it on the list of top 10 trends to look out for in 2018 with it being less of a ‘trend’ and more of responsibility that food and hospitality businesses must now uphold. Whether it’s a food precinct in a development or a single food operator, we all need to be thinking about ways in which we can deliver on sustainability to ensure the food and hospitality industry is doing their part for the environment and in doing so, business gains can be achieved. 

Cover image via Environmental Enterprises

Food Finds New Feet on the Court

Food Finds New Feet on the Court

Rocking up to sporting events, including the Australian Open, in years gone by has been little more than a spectator experience as you watch the top tennis players battle it out on the court. But times have changed and now it’s not only the top tennis players taking centre court. Some of the world’s best chefs are setting up shop this year to make the Open a sporting event like no other.

Cover image credit - Michelle Jarni for The Urban List