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COVID IMPACT ON MALLS
Tourism and hotel sector stocks: Time for a correction in business? Are analysts getting it wrong? 15 stocks from the ecosystemThe Indian hotel and tourism ecosystem has benefitted from the post-Covid travel urge. Occupancies were high, room rates firm, supply is, i...- Malls, brands at loggerheads over rent hikesWhile discussions have started, industry insiders said large retailers are opposing the move given the number of stores they operate. Malls...
- Mall operators don't have room for brands with poor salesListed retailers are expected to post strong double-digit sales growth in the quarter ended June, the first disruption-free quarter for the...
- For India's mall operators, the pandemic pain is only beginningRentals by mall operators are expected to decline by 20-25% in the fourth quarter compared to earlier estimates.
- Rentals of mall operators expected to decline by 20-25% in Q4FY2022: ICRAWith impact on recovery in Q4FY2022, the rental recovery for FY2022 is expected to be up to 70% of pre-Covid levels, as compared to earlier...
- People stay away from malls, shopping centres as Covid cases spike in Delhi, Mumbai and Bengaluru: SCAIIn cities such as Delhi, Bengaluru and Mumbai, which are witnessing a sharp jump in the number of Covid cases, shoppers are giving a miss, ...
- Retail malls likely see recovery of up to 75% of pre-Covid rentals in FY22Retail malls are expected to witness recovery up to 75% of pre-Covid rentals in the current financial year ending March supported by pent-u...
- Maharashtra govt allows malls to operate in key cities including Mumbai, ThaneMall developers are now awaiting directions from local authorities including the civic bodies and disaster management authorities in Mumbai...
- Malls take Rs 30,000 crore hit on Covid curbsMalls in West Bengal, Karnataka, Delhi-National Capital Region (NCR), Maharashtra, Chandigarh, Ahmedabad, Surat and other places are either...
- COVID-19: Shopping mall owners' income dips around 50 pc in FY21 on rental waiverMost of the mall owners, which generally leases space in their shopping malls on a revenue-sharing model with retailers having a minimum gu...
- Use mall space for faster vaccination, owners tell GovernmentWith their social infrastructure, safe parking facilities, and training rooms, malls can provide ample room for large vaccine camps, Shoppi...
- More job cuts loom in malls and stores amid COVID restrictionsSince the last quarter of 2020, malls and shopping centres had started witnessing a gradual recovery in footfalls and consumption after a p...
- States impose restrictions: Malls get mauled again, see 15-30% drop in footfallsThe decline in mall visitors started just ahead of the April-May period that is generally considered better for business after the traditio...
- Mall owners approach MHA with their own plans to contain CovidThe association urged the ministry to instruct and dissuade state governments from implementing rules that could have an adverse impact on ...
- Top malls still struggling to match pre-Covid salesMall developers expect consumption to improve through this calendar year, with relaxations in night curfew and operating hours, rollout of ...
- Only 5 malls launched across India in 2020: Report"Before the COVID-19-catalysed lockdown in March, our research indicated that Indian cities were to see new supply of around 54 new malls i...
- Indian retail industry may see revival by August 2020: Executive director, Prestige GroupWe foresee the sector reviving by August 2020, with business significantly picking up during the festival season, namely the Dussera / Diwa...
- Covid impact: Retailers threaten to exit mallsThe move, which comes against the backdrop of the Centre allowing malls to reopen, is expected to help retailers — from Future Group and Ar...
- 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...
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