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Impact of Entertainment-Based Events on the Level of Store Visitors and Retail Sales in Kazakhstan and UAE Cover

Impact of Entertainment-Based Events on the Level of Store Visitors and Retail Sales in Kazakhstan and UAE

By: Kim Choy Chung  
Open Access
|Jan 2019

Abstract

Entertainment-based events are often held in malls across Kazakhstan and United Arab Emirates (UAE), but its crowd pulling power and influence on retail sales were seldom estimated or reported. This study addresses this void by comparing the impact of such event on the level of visitors and retail sales among tenants in MEGA Mall, Kazakhstan and Ibn Battuta Mall in Dubai, UAE. Data from different store categories in both countries revealed that entertainment-based events do increased the level of store visitors (during the day of the event) compared to the previous weekdays and weekend. Similarly, increased in sales were evidenced among the mall’s tenants in Kazakhstan and UAE (during day of the event). Evidence also suggested that anchor tenants (hypermarkets) are more likely to see sales increased from such event in both countries. In contrast, luxury stores benefited the least from the entertainment-based event in both countries. Overall, this study suggested that the hedonic value of entertainment-based event works well for family- and children-oriented businesses. Recommendations for future are presented.

DOI: https://doi.org/10.2478/sbe-2018-0031 | Journal eISSN: 2344-5416 | Journal ISSN: 1842-4120
Language: English
Page range: 5 - 12
Published on: Jan 18, 2019
In partnership with: Paradigm Publishing Services
Publication frequency: 3 issues per year

© 2019 Kim Choy Chung, published by Lucian Blaga University of Sibiu
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.