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Mall developers may offer rent waiver during 2nd Covid-19 lockdown
While there was a sharp drop in footfalls in malls in H1FY21, there was reasonable recovery in H2. However, the second wave derailed the recovery. IMAGE: An empty shopping mall gets ready to......
As Covid surge hits businesses, malls see rentals plunge
Consultants who help lease these properties say this is the steepest decline at least in a decade. IMAGE: Shoppers undergo thermal screening at a shopping mall in Prayagraj, UP. Photograph: Amar......
Empty malls echo India's sorry retail story
Of the 300 operational malls in the country, just 5-7 per cent, or about 20 malls, are doing well, say developers. Image: A woman enters a retail store inside a shopping mall in Mumbai.......
As slowdown bites, malls suffer high mortality rate
120 new malls came up in last two years, but 30-40 of their older peers downed shutters India saw 120 new malls in each of the past two years, but that’s just one side of the story. In the......
Provogue reworks business plans to boost revenues
After a year of slow growth, apparel maker and retailer Provogue is reworking its business strategy to boost revenues and prop up margins, a top company executive said. Under the new strategy,......
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