Dec 10, 2021 05:11 PM IST
Most shopping malls reported a recovery in sales during the festive months as consumer sentiment improved and the pandemic ebbed
- Dec 09, 2021 07:28 PM IST
The recovery for the retail malls was sharper since August 2021, and the trajectory is expected to sustain in the second half of FY22, driven by pent-up demand, high vaccination coverage, and resumption of multiplexes.
- Sep 21, 2021 05:17 PM IST
Shopping malls in Maharashtra are not very optimistic of seeing a recovery during festive sales given the government restrictions on allowing fully vaccinated consumers inside their premises.
- Aug 17, 2021 04:10 PM IST
Earlier, the government had indicated that shopping malls that have vaccinated employees with at least a single dose will be allowed to resume operations.
- Jul 28, 2021 03:31 PM IST
Every passing day of closure is not only hurting businesses but also livelihoods of people working there, says RAI.
- May 28, 2021 04:18 PM IST
The Shopping Centres Association of India has urged the government to extend the moratorium on loans and indicated that the industry might see NPAs if the restrictions continue for another month.
- Nov 26, 2020 06:24 PM IST
In a panel discussion on retail sector organized by Naredco, senior officials of DLF, Phoenix, Nexus Malls and Virtuous Retail said sales in their shopping malls have picked up significantly during the festive season and it should reach to pre-COVID level in January-March 2021.
- Aug 27, 2020 01:22 PM IST
Overwhelmed by the dual onslaught of online shopping and COVID-19, malls have abandoned the concept of traditional shopping and are moving towards businesses that are less likely to suffer the offensive of digital commerce and the requirements of social distancing
- Jun 26, 2020 06:12 PM IST
If any mall is found to be violating standard guidelines, they will be shut immediately.
- Jun 04, 2020 09:36 PM IST
Food courts and restaurants inside shopping malls told to ensure adequate social distancing between patrons as far as feasible
- May 13, 2020 12:19 PM IST
A data from SCAI indicates that there are 650 large shopping centres that contribute over Rs 180,000 crore in sales with 1000 plus smaller shopping centres contributing another Rs 50,000 crore to the sales of the organised retail sector.
- Sep 24, 2019 08:54 PM IST
Grade A malls have witnessed a CAGR of 6.2 percent over last 5 years as against a 5 percent benchmark in lease rentals, highlighting the success of creating a destination mall
- Feb 19, 2019 12:47 PM IST
DLF Shopping Malls is planning to focus on Delhi-NCR as that is ‘where the consumption is’. It is evaluating retail opportunities in a holiday resort town outside the national capital
- Feb 27, 2017 02:51 PM IST
Almost all the Grade A malls in India provide excellent support services and facilities for their visitors. Nevertheless, despite the massive progress seen so far in Indian malls, we have still to see the arrival of genuinely international standards.
- Oct 18, 2016 08:44 PM IST
Retailers at shopping malls are expecting about 45-50 per cent increase in sales this festive season as they are offering freebies and easy finance options to beat competition from e-commerce players, a study by industry body Assocham said.
- Oct 30, 2015 08:55 PM IST
Both retailers and consultants seem convinced that the mall magic seems to have disappeared in a puff of smoke on the back of the economic slowdown, poor revenue model, low footfalls-to-sales conversion and lack of special purpose malls, the survey added.
- Aug 07, 2015 01:26 PM IST
In core areas of the city, street-facing shopping should be encouraged up to the footpath line in residential and commercial buildings for energy and space-efficient use, economic vibrancy and safety-enhancing design.
- Aug 31, 2014 07:12 PM IST
DLF's rental income from commercial properties, including offices and shopping malls, was Rs 1,950 crore last fiscal. It is targeting 8 per cent growth in the rental business this fiscal to Rs 2,100 crore.
- Aug 13, 2013 08:46 AM IST
DLF, which builds homes, offices and shopping malls, said late on Monday net profit for the June quarter was Rs 181 crore, compared with Rs 293 crore a year earlier. Sales and other receipts rose 4 percent to Rs 2,314 crore from Rs 2,198 crore.