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CORONAVIRUS MALLS
Mall developers continue with expansion plans as retail operations witness steady post-Covid recoveryIndia’s organized retail space stock expected to reach 82 million sq ft over the next two years until 2023 from latest figure of 64.3 milli...- 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...
- 10 dead in fire at mall hospital treating COVID-19 patientsIt is not clear how many of those dead were COVID-19 patients. There was also no word from civic officials on how many of those evacuated f...
- Will file complaint against BMC: BJP leader on hospital fireThe blaze erupted at the Sunrise Hospital in the Dreams Mall building in Bhandup area shortly after Thursday midnight. The hospital is situ...
- Shopping centres extend rental concessions till March as brands strive to recover salesFashion retailers were among the hardest hit last year as malls remained shut for months and then the stores saw low footfalls as consumers...
- Revenue of mall operators set to halve this fiscal due to Covid-19-driven lockdowns: CRISIL“We expect a 50-100% lease waiver for the period of lockdown, followed by a 30-50% concession in rentals in the current quarter and the nex...
- As NCR malls open for business from tomorrow, here is what may never be the same againOnce inside, shoppers will not be allowed to walk in groups. Use of escalators will be encouraged, not lifts. While eating, customers will ...
- Delhi malls, restaurants & religious places set to openAt an online briefing on Sunday, Kejriwal said hotels and banquets might be converted into hospitals in the coming days to treat the novel ...
- Delhi to open its borders from tomorrow: Arvind KejriwalHe also announced that the hospitals in Delhi hospitals will treat patients only from the national capital only while central hospitals wil...
- Thanks to social distancing, offers at mall retailers look distant now“We expect only serious shoppers to visit malls, discounts could attract a larger set of consumer base. Overcrowding is the last thing we w...
- NRAI initiates dialogue with mall owners to resolve commercial concerns of the F&B sectorThe industry body was categorical in its expectations saying that they don’t expect the volume of business in the post-pandemic period to b...
- Dubai explores drive-in cinema in time of social distancing; Porsche & popcorns become the new movie comboTickets cost $50 per vehicle inclusive of popcorn, snacks and drinks.
- 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...
- Major malls to ignore tenants’ appeal for flat income sharingProminent malls said they will ignore or reject proposals from about 200 retail and restaurant tenants seeking move to a flat revenue-shari...
- Covid-19 impact: At malls, the last to recover will be cinemas and eateries post lockdownSince early February, malls and retail stores witnessed a huge dip in footfall with nearly 20-25% drop in revenue. While post lockdown, mos...
- E-commerce companies temporarily stop taking orders for non-essential items"Paytm Mall has decided to help users buy essential products including household staples, healthcare, hygiene, personal safety products on ...
- 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...
- 65% of flat buyers defaulting on payments: MCHI-CredaiMCHI-Credai said it expected all construction activity to halt in the next two to three weeks as flat purchasers have virtually stopped pay...
- Malls operators may offer relief to tenants due to impact of coronavirus on businessAuthorities in the NCR have ordered closure of cinema halls including multiplexes, a major draw for customers at malls, till March 31. With...
- Covid-19 outbreak: Malls, restaurants continue to battle lonelinessConsumption fell 15-25% over last two weeks, with people cutting back on eating out and shopping.
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