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MALL SHUTDOWN
Retailers' body asks Delhi govt to reconsider total shutdown for G20 summitThe retail industry body said a three-day total closure would significantly impact the retail sector economically, potentially jeopardising...
Top retailers saved Rs 1,500 cr in rent in Covid winterCostly real estate in India makes it important for retailers to generate high price realisation per square foot of space to maintain profit...
Stock Idea | This mall developer is a consensus 'buy' with few takersThis underperformance has come at a time when 19 of the 20 recommendations on the stock are either 'strong buy' or 'buy'. A play on urban c...
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, ...
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...
COVID-19 second wave: Malls owners suffer around Rs 3,000 crore loss in 8 weeks due to lockdownsIn the wake of the second pandemic wave, around 25 per cent of the business of the retail side across categories has been lost and this is ...
Pune’s 7-day shutdown of malls, restaurants, bars to impact at least a fourth of Maharashtra’s hospitality businessThe Pune administration has called for malls, restaurants, bars, cinema halls and places of religion to remain closed for the next seven da...
Consumption outlook positive; convenience driving sales: says McDonald’s franchise executiveWestlife Development, owner of Hardcastle Restaurants, the exclusive franchisee of McDonald’s restaurants in West and South India, is banki...
Malls, retailers call for uniform guidelines as states continue to impose lockdownsThe unlock 4 guideline MHA which is applicable from Tuesday, says “State/UT governments shall not impose any local lockdown, outside the co...
Mall operators seek Finance Ministry, IRDA intervention for bleeding businessIn India, under traditional business interruption insurance policies, physical damage to property is the only criteria to trigger business ...
Deferment of discretionary spending credit negative for retail industry: ICRAWith consumers forced to defer their discretionary spends, revenues and profitability, will be adversely impacted in the short-term, which ...
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...
Covid-19 fear: Restaurants warn of likely shutdownsAnurag Katriar, president of the National Restaurant Association of India (NRAI), said the situation is extraordinary and could lead to pos...
CLSA downgrades Phoenix Mills to outperform, target price Rs 850CLSA has downgraded the stock due to near term overhang on mall consumption due to shutdowns and footfall declines.
- Maharashtra taking steps to improve voter turnout
In the 2009 Lok Sabha polls, the percentage touched a low of 54%. Mumbai was even worse with only 44% turnout.