In today's scenario when malls are jostling for wooing footfalls & revenues, the much feared fate of Mom & Pop stores has strengthened.
A keen look at Mom & Pop stores over last several quarters indicates, these stores are slowly transitioning themselves.
The stuff we used to see only in malls has started finding shelf space in these stores. These are typical high end consumables. These stores have in fact grown in number & variety on offering & are becoming more convenient & popular. There is personal attention & billing is quicker, without waiting in long Que. Many stores also accept meal passes & also offer credit & door delivery.
So there is no threat to this format of stores, but the efficiency & offerings have increased due to malls.
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