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Empty malls echo India's sorry retail story

Retailers have been hit hard by rising rentals, lower sales and now e-commerce

The once-buzzing Atria Mall, a premium shopping destination in South Mumbai, barely has visitors - despite it being a relaxed Sunday evening. While the escalators run up and down, store assistants wait for customers to show up. Perhaps they know it is a futile wait. A third of the shops at the mall have already shut down, and the echoing expanse has a sombre mood, like that of a dying institution. Over the past year, the owners have put the mall on the block and then taken it off several times. In other parts of Mumbai too, malls are in similar decline. In Navi Mumbai, in the east, ...