Page 3 - Shopping Mall

People stay away from malls, shopping centres as Covid cases spike: SCAI

Lower footfalls and sales have resulted in piling of stock at retailers' stores in shopping malls

Dubai's Emaar group to develop 500,000 sq ft shopping mall in Srinagar

Dubai-based realty firm Emaar Properties on Monday said it will develop a 5 lakh square feet shopping mall at Srinagar in Jammu & Kashmir. A memorandum of understanding (MoU) has been signed between the governments of Dubai and Jammu & Kashmir to facilitate investments into this proposed project, Emaar said in a statement. This will be the first significant FDI investment in the union territory, it added. According to the MoU, Emaar will develop 'Emaar Mall' of 5,00,000 square feet in size in Srinagar. "The UAE and India are comprehensive strategic partners and this project by EMAAR will be a landmark of Jammu and Kashmir. I would like to congratulate EMAAR and all the partners in this project , and am sure we will see many such projects coming up in the near future," said H. E. Ahmed Abdul Rahman Albanna, the UAE Ambassador to India. "The UAE and India economic partnership is at an inflection point and we will invite other UAE investors to look at this opportunity too," he ...

Saya Homes to invest Rs 200 cr in new shopping mall in Noida

Realty firm Saya Homes on Sunday said it will invest around Rs 200 crore over the next two years to develop a shopping mall in Noida as the company expects retail sector to bounce back post-Covid-19.

Lulu Group opens third shopping mall in India; plans more launches

The Group with its flagship retail chain of Lulu hypermarkets and supermarkets has operations spread over 22 countries.

Mall owners suffer around Rs 3,000 cr loss in 8 weeks due to lockdowns

Several states are now mulling easing restrictions.

Covid-19 pandemic: Shopping mall owners' income dips around 50 pc in FY21

Shopping mall owners' revenue declined by around 50% during the last fiscal as the retail sector was badly hit since the outbreak of the Covid-19 pandemic in March last year

Malls' revenues to remain lower than pre-Covid levels this fiscal: Report

Despite a healthy rise expected in their toplines this fiscal on a lower base, malls' revenues will still be up to a fifth lower than the quantum seen before the pandemic, a report said on Wednesday. The shopping malls' revenue is likely to grow by 45-55 per cent in FY22, after the 45 per cent dent in the previous fiscal due to the lockdowns, ratings agency Crisil said. It also pointed out that even at the end of the FY22, the topline will be only 80-85 per cent of the industry performance before the pandemic. Commenting on the fresh restrictions after the second wave of infections, the agency said the curbs will affect retail sales but the debt servicing capability of the malls is not likely to be impacted because of strong sponsors and healthy liquidity profiles. "We foresee retail sales in malls declining significantly in the first quarter of this fiscal versus pre-pandemic levels because of fresh restrictions, and recovering gradually by the end of the first half," its senior .

How technology is changing the silhouettes of fashion in Covid times

From omnichannel, to AI, to 3D technology, the fashion industry is in the middle of a digital revolution

Covid-19 puts the brakes on shopping mall launches in the country

Severely impacted by the pandemic, just five malls with 2.75 million square feet of space, came up this year

Punjab govt allows opening of bars in hotels, shopping malls, multiplexes

He said the management of such commercial establishments must ensure meticulous compliance of the standard operating procedures issued by the Health Department from time to time

Safe & comfortable: High street scores higher with shoppers than malls

Footfall at 60-70% of last year's level; at malls, it is much less, but improving

This CEO may have found a solution to retailers' last mile dilemma

Online shopping is "here to stay" and "there's a real opportunity for us to parlay this and become the last-mile delivery answer," Ball said in an interview in Stockholm

Maharashtra malls set to open, owners expect Diwali to bring the spark back

Phoenix, Inorbit, Infiniti, and Oberoi, which have malls across the city, said they have vigorous sanitization and social distancing measures in place to ensure they adhere to guidelines

Post lockdown, Phoenix launches Rs 1,000-cr shopping mall in Lucknow

Spread over an area of 13.5 acres, Phoenix Palassio has a built-up area of a million sq ft and will house 300 stores

Gurgaon shopping malls to reopen on July 1, Faridabad to decide on Monday

The Haryana government had earlier allowed malls to reopen from June 7 across the state, barring Gurgaon and Faridabad that accounted for overwhelming proportions of Covid-19 infections and fatalities

Mall developers blink, rework rent for retailers, offer discounts

Phoenix, Inorbit, Brigade offer waiver, discounts

Safe foot forward: Stepping out still an exercise in caution amid Covid-19

At MTR Indira Nagar, pre-lockdown Sundays would mean about 1,000 diners in their 150-seater place

Over 88% traders favour shutting down markets, says top Delhi traders' body

CAIT study says only 5-10 per cent of normal business is taking place in Delhi's markets because of lack of customers and workers

Covid-19 crisis: Malls roll out red carpet but crowds missing on Day One

More than 250 malls were operational on Monday across the country. This is a fraction of the 650 plus large malls in India.

Unlock 1.0: Shopping malls reopen in NCR; footfall low amid infection fears

In the national capital region, Gurugram, Faridabad and Ghaziabad administrations have not given permission so far for opening the shopping malls