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COVID LOCKDOWN MALLS
Fewer Covid curbs push up rents in high street areasThe steepest rise was at New Delhi's Khan Market where rents increased by more than a fifth followed by 16-18% surge at Bengaluru's Brigade...- Panic at Ikea store in China as shoppers rush out after sudden Covid lockdown announcementShoppers in an Ikea Store rushed towards the exit doors almost mauling security guards in panic after it was suddenly declared that a Covid...
- In Shanghai, lockdown blues make way for Covid testing gripesDespite the deep discontent sparked by Shanghai's stringent curbs - some 2.5 million in the city are still under lockdown - China has vowed...
- Pandemic's third wave to pare 10% off mall’s rental revenue this fiscalThe credit profiles of mall owners will, however, be able to absorb the shock given relatively faster recovery seen among those afflicted, ...
- Curbs-hit retailers put mall rent sops back on the tableMany retailers have either begun informal discussions with malls and landlords for rental concessions or said they would do so in the comin...
- DLF to launch a new range of localised malls, two big mallsLast year, many mall operators had offered rental waiver to retailers for lockdown periods and partial relief for a few extra months. This ...
- 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...
- Haryana extends lockdown till July 5, relaxations allowed earlier to continue"The Mahamari Alert-Surakshit Haryana is extended for another week that is from June 28 (5 am onwards) to July 5 (till 5 am) in the state o...
- DLF considering rental waiver for retailers; stores hope other malls will follow suitIndustry executives said retailers are hoping that other mall operators would emulate DLF and extend a helping hand following the deadly se...
- COVID-19: Haryana extends lockdown till June 7, eases certain restrictionsAddressing a virtual press conference, Chief Minister Manohar Lal Khattar said even though the COVID-19 situation has improved in the state...
- 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...
- 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...
- End of reason (for) sale: Malls seek full rent from retailers“We supported the industry when it was required,” said Pushpa Bector, executive director at DLF Retail. “Spend per footfall has doubled and...
- Shopping mall developers delay projects amid COVID-19According to the research, 14 new malls spanning 5.9 mn. sq. ft. area are likely to be complete by 2021-end, with Mumbai witnessing maximum...
- Malls, retailers rejoice as new unlock guidelines restrict use of local lockdownsMHA, while issuing guidelines for unlock 4, has said that the states shall not impose local lockdowns outside the containment zones without...
- Centre's Unlock 4 guidelines: Haryana withdraws order to keep markets shut on Monday, TuesdayAfter the Centre's Unlock 4 guidelines, the Haryana government on Sunday withdrew its order to keep markets in urban areas closed on Monday...
- Deep discounts, drive-throughs cause footfall at malls to double in a fortnight after Unlock.2Mall operators say electronics sales have already reached pre-Covid levels, while sales in other segments, except clothing, are also pickin...
- 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...
- Gurgaon malls reopening next week, containment zones in distt to face more curbsShopping malls in Gurgaon district will be allowed to reopen next week with due adherence to all anti-COVID precautions, including the main...
- 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 ...
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