In this issue

Shopping Centres Deal with an Insurance Crisis Amid a New Normal

The nationwide lockdown amid the COVID-19 pandemic has left the shopping centre industry in India and the world in the throes of a crisis. The need for hyper sanitization and social distancing has led to shuttering of malls all over the world. In India, the Government has yet to east restrictions on malls, which are reeling under the double impact of both a shutdown and retailers not being able to pay rent. Despite sending SOPs proposals, guidelines and petitions to the government, the shutdown hasn’t been lifted, even in a phased manner.

The May digital edition of Shopping Centre News brings its readers the current situation, very grim position of the shopping centre industry.

If mall developers are to bounce back after the lockdown lifts, it will only be through establishing their premises not solely as experiential playgrounds, but also as trusted and transparent safe havens. Aside from this, they will also need to work in tandem with retailers in their premises, who are suffering as much as mall owners and many of whom have been unable to pay rent over the past couple of months. The cover story also discusses the various technology measures malls are taking to lure back consumers once they are operational again.

Starting May-End, Shopping Centre Industry Hopeful of Partial Reopening

With the Government of India easing restrictions in green and orange zones in the country, there is a glimmer of hope for the shopping centre industry that it may resume operations from the end of May or the first week of June…

4 mins

Shopping Centres Go into Trial Mode as Most Prepare to Reopen

Shopping centres globally are getting ready to open their gates for consumers in an organised manner and have started trial openings towards this. We bring you a complete lowdown on the preparations underway across the world…

4 mins

SHOPPING CENTRES SEEK GOVERNMENT INTERVENTION TO SOLVE INSURANCE WOES

The lockdown in India due to the COVID-19 pandemic has resulted in zero footfalls and revenue for shopping centres. It has also unfavourably impacted employment status and livelihoods of several people (direct and indirect - approximately 3,500-5,000 per shopping centre). The overall working capital cycle has been adversely impacted and business losses of shopping centres are mounting. And to top it all, now shopping centres are being plagued by insurance worries…

8 mins

LULU MALL PREPARES TO WELCOME BACK CONSUMERS WITH A CLEANER, SAFER ENVIRONMENT

In an attempt to make its retail partners understand its technical SOPs, LuLu Mall, Kochi released a video explaining its store reopening policy. The one-and-half-minute video showcases guidelines required to give confidence to retail partners and patrons to come back to the mall…

4 mins

How Shopping Centres Are Dealing With The New Normal

The current situation of the shopping centre industry is grim. If mall developers are to bounce back after the lockdown lifts, it will only be through establishing their premises not solely as experiential playgrounds, but also as trusted and transparent safe havens…

10+ mins

RETAIL & SHOPPING CENTRES: 2020-21 AND BEYOND

A group of India’s leading shopping centre developers, IPCs and retail leaders came together in a webinar series organised by Shopping Centres Association of India (SCAI) to devise effective solutions, including policy influence and government stimulus, out of the severe revenue crisis impacting developers pan-India…

10 mins

BUY YOUR TICKETS, SHOP ONLINE, AND YOU ARE READY TO ENTER ESSELWORLD & WATER KINGDOM AT EASE!

EsselWorld, the pioneer of amusement parks in India has offered the best of fun & thrill to its patrons and always believed in giving the best of experiences as well. Nonetheless, to make our life hassle-free, the digital world has played an important role and EsselWorld & Water Kingdom has ensured of giving us that ease.

2 mins

POST LOCKDOWN CONSUMERS WILL AGAIN CONGREGATE AT SHOPPING CENTRES TO SATISFY SOCIAL NEEDS – YOGESHWAR SHARMA, SELECT CITYWALK

One of the most successful shopping centres in India, Select CITYWALK, believes that there lies an opportunity in every crisis and is hopeful that the Indian retail sector will embark on a different growth trajectory in the years to come…

5 mins

VIVIANA MALL USES SOCIAL MEDIA TO INSTILL SENSE OF CONFIDENCE IN CUSTOMERS

To reinstate consumer confidence, Viviana Mall is regularly posting videos on social media platform featuring cleaning, sanitising, training and maintenance processes being carried out...

5 mins

SCAI: RETAIL & SHOPPING CENTRES – CONFIDENCE BUILDING MEASURES

The webinar aimed at redressing the unprecedented challenges arising out of COVID-19 pandemic for India’s shopping centre development ecosystem. It focused on the measures of prepping to reopen shopping centres in India…

10 mins

Read all stories from Shopping Centre News

Shopping Centre News Magazine Description:

Shopping Centre News magazine – launched at the India Shopping Centre Forum on March 18, 2008 – is currently in its 11th year of publication. In its decade+ journey, the publication continues to thrive as a knowledge resource center that collects, analyses and disseminates information on the rich Indian shopping centre industry.

The mission of the magazine is to encourage the development and spread of sophisticated management paradigms and maintenance methods, keeping in context global benchmarks of the mall industry. The monthly magazine also provides a body of focused research into the architecture, aesthetic and design aspects of shopping centres.

The magazine – which is the foremost, most authoritative publication for the shopping centre industry in India – is now available every month and in an all new format. It will continue to act as a bridge between the shopping centre developers and the retail community to help forge a mutually profitable relationship.

Shopping Centre News’ subscribers include everyone from CEOs, to marketing, leasing and fund managers to retailers, architects and retail designers. For those who want to keep up-to-date across the latest developments and events in the world of shopping centres, the magazine is a must-subscribe.