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DELHI MALLS SHUT
‘We are not animals’: How AP x Swatch ‘Royal Pop’ launch spiralled into chaos across citiesThe highly anticipated Audemars Piguet x Swatch "Royal Pop" watch launch descended into chaos across multiple cities, including Bengaluru, ...- Malls across India report sharp rebound, sales at 70-80% of pre-Covid levelsRetailers and brands said the current recovery is impressive considering malls in various cities operate with various restrictions.
- NCR retailers decide not to shut shops after mall owners agreed to discuss rental issuesThe development comes barely a day after the motley group of retailers including Aditya Birla Fashion, Arvind Fashions, Bestseller Retail, ...
- Mall operators plan to review rental deals every monthThis is a departure from the strategies last year when malls announced quarterly slabs of rental reliefs for almost nine months well in adv...
- Retailers may close shops in NCR malls over ‘delay’ in rental reliefAccording to retailers, they are staring at an uncertain future with a third wave predicted to hit India in September or October, just befo...
- Operators deny there is overcrowding at mallsA fortnight since being allowed to operate after nearly two months of lockdowns, malls in various cities are saying that they are not attra...
- Haryana allows malls to operate with some ridersThe state government has asked mall operators to restrict the entry of shoppers and allow only one person per 25 square feet at a given tim...
- Closure of malls gives high-street establishments undue advantage: Mall operators“While it is important to break the chain and we will abide by the order, the government should also take similar action against high-stree...
- Delhi curbs: Restaurants and bars shut till April 30, cinemas to operate at 30% capacityAs per additional prohibitions announced by the state government on Thursday, shopping malls, bars and restaurants shall not be allowed to ...
- Covid-19: Shopping malls in Gurugram to reopen from July 1, Faridabad to decide on MondayThe Haryana government has allowed shopping malls in Gurugram and Faridabad to reopen from July 1, more than two months after they were shu...
- Samsonite may pack up bags at 100 storesLuggage giant Samsonite is closing about a quarter of its India stores or more than 100 outlets as the company is severely stung by the imp...
- Retailers warn malls over relief“These are two separate issues: one is rent relief and other is cartelisation,” said Abhishek Bansal, ED of Pacific Malls that operate shop...
- All Delhi malls to be closed, grocery and pharmacy stores exempt: Arvind Kejriwal"In view of the prevailing situation, we are closing down all malls (except grocery, pharmacy and vegetable shops in them)," Arvind Kejriwa...
- Staring at shutdown losses, malls & retailers knock on government's doorThe decision to shut malls is already resulting in losses for realty developers and retailers. While retailers are losing business revenue,...
- Covid-19: Retailers seek rental rebates from malls as sales slump 50%Leading retail chains including Reliance Retail, Future Group, Tata group firms, Spencer’s Retail, Shoppers Stop and Landmark Group are app...
- Versace, Cavalli seek new partners in India; Longchamp shuts shopHigh operating costs and soaring rentals are the bane of luxury retailers who have also noticed a 20-25% reduction in footfalls. The non-ex...
- In a first, supply for retail space falls in the countryWhile 13 malls got completed last year, 15 were withdrawn from the operational stock, resulting in a net 0.3 million sq ft negative impact ...
- Now, American premium fashion brand DKNY likely to bid adieu to IndiaSeveral mall executives and DKNY store managers ET spoke to confirmed the development, though the head of its India franchisee, DLF Brands,...
- Shopping mall retailers shifting to tier-II & III cities: RetailThe survey found that around 300 to 350 malls came up in the country over the last two years. However, a staggering 75 to 80 per cent of th...
- Retailers in VK, Saket DLF malls down shuttersA majority of retailers in DLF’s upmarket Saket and Vasant Kunj malls have shut shop to protest over the realty major’s refusal to reduce r...
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