Showing posts with label Shopping. Show all posts
Showing posts with label Shopping. Show all posts

27 Apr 2012

#2 World Largest Mall~~Golden Resources Mall, China

Shared... Beijing's Mega Mall by Rebecca Karnak 

 I do not usually enjoy shopping. In China—with the crowds, the multiple steps needed to check out, and the infinite choices of things to buy—I dread it even more. But when I heard that Beijing had opened the largest standalone shopping structure in the world, I had to investigate. Until recently, Beijing's 6 million sq ft Golden Resources Shopping Mall was the world's largest. (Guangdong's 6.5 million sq ft South China Mall opened this spring.) Opened in October 2004, Golden Resources still easily tops the largest mall in the United States—Minnesota's 4.2 million sq ft Mall of America—as well as the largest mall in North America, the 5.3 million sq ft West Edmonton Mall in Canada. Today, China has more than 400 malls. Deloitte Research estimates that 7 of the world's 10 largest malls will be in China by 2010.
At the start of my investigation, I hopped in a cab near Beijing's Jianguomenwai subway station, and the driver sped up the Second Ring Road toward Golden Resources in Haidian District. After almost half an hour, the driver wound his way through the narrow, tree-lined streets near Beijing Foreign Studies University and entered a wide street lined with new apartments and office buildings. Approaching the mall as the driver did, I was not as overwhelmed by its size as I thought I would be. Golden Resources is a compact, five-story building with neatly arranged shops that run east-to-west. I paid my ¥40 ($5) cab fare and stepped inside.
My first stop was a jewelry counter, an island between rows of shops. I looked at a few mid-priced gray pearls and braced myself to be greeted by an overenthusiastic sales assistant. When no one approached me, I looked up to see a young female sales assistant at the opposite counter talking to her friends, presumably the sales assistants selling silver bracelets next door. Being ignored by the sales assistant was a refreshing switch from being accosted by pushy vendors at Beijing's Silk Market and elsewhere. The scene felt familiar, as if it could happen at a mall in Cleveland, my hometown.
But as I walked past watch shops, cafes, women's clothing stores, and plenty of advertisements for brands such as Gucci, DKNY, and Fendi, I realized that most of the other sales assistants weren't jumping up to greet the few customers strolling by on this late Sunday afternoon either. In a city of roughly 14 million residents, I expect crowds at most public places on Sunday afternoons. But after more than a half year in operation, Golden Resources has yet to attract the number of customers it will need to stay profitable. In fact, I turned one corner of the mall to discover two people playing badminton. 

The stores in that section of the mall had not opened yet, and the couple was taking advantage of the open space. Once I hit Toysmart on the fourth floor, though, I found signs of commercial life. Kids were running around, testing out scooters their parents had yet to purchase. Down the hall were two different playgrounds for children and their families that charged by the hour for jungle gym access. The adult playgrounds are on the mall's fifth floor: Stellar International Cinema, which has seven screens, and the Century Club, a health and fitness center. Making my way back down through each level, I came across shops neatly arranged by product sold. I passed three consecutive shops selling treadmills, wondering which one would go out of business first, before entering an area of sporting goods stores. For the first time in Beijing, I found authentic North Face gear, and the Nike and Adidas stores also carried the real deal. Many of the products I saw, though, including the treadmills and the ¥32 ($4) fruit smoothie I purchased at a kiosk, are luxury items for the average Beijinger.
Golden Resources' 1,000 stores, 230 escalators, and 10,000 free parking spaces seem like nothing in comparison to its rival's facilities. Guangdong's South China Mall boasts theme parks, pyramids, giant windmills, a 1.3-mile river, and an 85-foot replica of the Paris Arc de Triomphe. These large, high-end malls might not be the most profitable model for China, however. Even though China's middle class is growing, and urbanites have more money to spend than ever, China is generally a country of savers.
 According to the People's Daily, Chinese citizens have spent, on average, only 60 percent of their incomes over the past 10 years, while the world average has been 78 percent. Walking through Golden Resources makes clear that China either has too many malls or that prices are still too high for many customers. Most likely it is a combination of both. Golden Resources has not attracted a large foreign crowd yet either, mostly because of the mall's location in northwestern Beijing outside of Third Ring Road—far from the city's foreign enclaves. I did not see a single foreign face or hear a foreign language in the hour and a half I spent shopping that Sunday afternoon. Moreover, none of the stores I visited accepted foreign credit cards. In contrast, in many stores at the Oriental Plaza and China World malls in the center of the city, no one bats an eye when a customer hands over a Visa card from a foreign bank.
But once the newly built apartments and office centers around the mall are occupied, Golden Resources will have plenty of Haidian residents to serve, including the many wealthy employees of China's Silicon Valley, Zhongguancun, and other Beijing districts. Currently, many bus lines run to and from Golden Resources, but the subway gets customers only part way there (shoppers must take a bus from the Gongzhufen subway stop). Under Beijing's 2008 subway plan, the nearest subway stop will be Wanliu, less than a mile away. When the new subway lines are completed, all of Beijing might flock to Golden Resources on a hot summer day, even if only for the air conditioning—or perhaps to show support for one more record-breaking Chinese achievement.

#1 World Largest Mall~~South China Mall in Dongguan, China


A Chinese billionaire made rich through his business in the instant noodle industry built the mall in 2005, and since then it remains almost completely vacant. Dongguan has a population of over ten million people, yet the mall is so large it could not be constructed in the downtown and had to be moved to a suburb and can only be reached through car or bus, which many people do not have access to.
After the first several years failed to attract shops, many simply stopped to even consider the mall as a realistic space for a shop. While it is mostly empty there are some shops that fill its massive space. In the closest area to the parking garage there are several fast food restaurants, yet little else. The mall does contain several amazing features including a replica of the Arc de Triomphe, Venice’s St Mark’s bell tower, canals with gondolas, and even an indoor-outdoor rollercoaster! Each section of the mall is modeled after a real city or region such as Amsterdam, Paris, Rome, Venice, Egypt, the Caribbean, and California!

24 Mar 2012

Advantages and disadvantages using PayPal

PayPal is a popular site for transferring money between people and business online,
You can use your PayPal account to purchase items from hundreds of online stores as well as eBay and Receiving or transferring money from one account to another.


Opening a basic PayPal account is free you do not need a special technology nor a business license to send/receive money through PayPal. The only requirements are
1. A valid email address.
2. A valid credit card or bank account.

With basic financial information you can send money to anyone with an e-mail address. And the receiver doesn’t necessarily need to have a PayPal account.
You can transfer money and make payments through PayPal by using your credit card
Or by providing your personal bank account information, and transferring money directly from your bank.

PayPal is very friendly and easy to use. Whether you are a new buyer, or someone just starting out as a new seller, PayPal is truly the most convenient way to do trusted payments online. And it costs nothing to send/spend money using PayPal.
You will be charged a fee on every payment that you receive. Only if you have a Premier or Business PayPal account.
A Personal account is the most appropriate for you, if you want to use the account for buying or transferring money to others, while a Premier account is best if you also want to sell online.


The advantages that PayPal offers


PayPal is guaranteed against fraud
PayPal guarantees 100% protection against unauthorized payments from your account,
While shopping online and providing your financial information you are not fully protected from sites that can charge money from your account and making unauthorized transactions without your awareness, and that may cause you a lot of money and unnecessary aggravation.


PayPal prevent that option from happening, providing the safest way for shopping online and without reviling any information of your account.

Saving time
Avoiding long lines and spending valuable time in going to the bank
Paying your bills has never been easier with a simple click you can take care of any payment you have without the need of leaving you’re house and standing in long lines, PayPal provides you with the easiest and quickest way there is.


Sending Money abroad
When you are sending money to different countries PayPal provides you the lowest price and it is also the fastest and safest way to ensure your money will reach to its destination.


Dispute resolution center
IF you feel the seller violated your agreement and you want to file a claim against him you can
File a despite through PayPal within 30 days of your purchase,
Saving a document that provides you with Evidence will increase your chances for resolving case faster it is recommended to save emails, receipts, tracking number or any other information related to your purchase.


Saving money
PayPal offer you a variety of coupons that will help you save money while shopping at your favorite stores online, PayPal discount coupon is providing a secure way to shop at a great price.

PayPal is easy to use and highly recommended site but there are some disadvantages that you may consider.


The disadvantages

PayPal can immediately freeze your account and hold your money
This is a private company and not ruled by any federal banking regulations, there for have no need for your permission or approval for freezing your account. if they feel that you have committed a fraud or violated they’re policy your they might freeze your account and hold your funds till further notice

When your account is frozen It might take a while till PayPal decides to release your funds
And might leave you with very limited options and without proper explanation.

16 Mar 2012

Tips: Online Shopping Do and Don'ts

Tips: Shopping Tip List

Here's a list of tips you should consult when shopping online.

Print this page and keep it in a handy place so it will be easy to review before you order.

Trust your instincts. If you don't feel comfortable buying or bidding on an item over the web, or if you feel pressured to place your order immediately, maybe you shouldn't.

Be knowledgeable about web-based auctions. Take special care to familiarize yourself not only with the rules and policies of the auction site itself but with the legal terms (warranties, refund policy, etc.) of the seller's items that you wish to bid on.

Double check pricing. Be suspicious of prices that are too good to be true. Also consider carefully whether you may be paying too much for an item, particularly if you're bidding through an auction site. You may want to comparison shop, online or offline, before you buy. Make sure there are not extra shipping or handling costs.

Review the return, refund, and shipping and handling policies as well as the other legal terms . If you can't find them, ask the seller through an e-mail or telephone call to indicate where they are on the site or to provide them to you in writing.

Make sure the Internet connection is secure. Before you give your payment information, check for indicators that security software is in place.

Use the safest way to pay on the Internet Pay for your order using a credit card.


Print the terms. You should print out and date a copy of terms, conditions, warranties, item description, company information, even confirming e-mails, and save them with your records of your purchase.

Insure the safe delivery of your item. If you're concerned you may not be home when your package is delivered and that someone may take it if it is left on the doorstep, ask whether you can specify that the shipper must receive a signature before leaving the package. Or, it may be safer to have the package delivered to your office.

Inspect your purchase. Look at your purchase carefully as soon as you receive it. Contact the seller as soon as possible if you discover a problem with it. Tell the seller in writing about any problems you have, ask for a repair or refund, and keep a copy of your correspondence.
Related Posts Plugin for WordPress, Blogger...

Follow us ya!!