Mall Owners to Work on New Projects, Acquisitions Despite COVID-19
Shopping Centre News|January 2021
Shopping mall owners are bullish about growth prospects of India’s retail sector despite the disruption caused by the COVID-19 pandemic and will continue to build new projects as well as look for acquisition to expand their businesses,...

Shopping mall owners are bullish about growth prospects of India’s retail sector despite the disruption caused by the COVID-19 pandemic and will continue to build new projects as well as look for acquisition to expand their businesses, according to major industry players.

According to a PTI report: 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 JanuaryMarch 2021.

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM SHOPPING CENTRE NEWSView All

Some Malls Reopen In Israel, Defying Virus Rules

As Israel began to ease lockdown measures, several chain stores in outdoor shopping centers across the country opened to customers in violation of the ongoing Coronavirus restrictions on commerce. Strip malls belonging to the BIG group opened at several locations in the center and the north of the country.

1 min read
Shopping Centre News
February 2021

Pandemic Rules For Stores, Malls A Grey Zone For Shoppers

As shoppers line up outside malls and retail outlets in Winnipeg, some uncertainty remains about how provincial public health guidelines are being applied to malls and large retail outlets.

1 min read
Shopping Centre News
February 2021

SHOPPING MALLS REPORT HIGHER CONVERSION & REVIVAL RATES IN FESTIVAL SEASON; BEAUTY, ATHLEISURE, JEWELLERY & WATCHES TOP PERFORMERS IN TIER II CITIES

Shopping Centre News conducted a survey on ‘Consumer Sentiment, Behaviour and Comparisons of Sales in Festival Season (2019-2020)’ to find out the exact situation of the Shopping Centre Industry on the ground. 35 shopping malls pan India (from Tier I, II & III cities), participated in the survey and the results were quite overwhelming. Though the percentage in sales, revenue, footfall has been less in comparison to last year, the conversion rate and revival rate saw a huge surge. As a result, mall developers are looking forward to a speedy recovery in comparison to what they had predicted during the initial stages lockdown…

10 mins read
Shopping Centre News
February 2021

Malls Go Online As Shoppers Stay Home

The pandemic has forced mall operators and retailers to accelerate their digital transformation. Mall operators are now working closely with retailers to offer personal shopper services, delivery and curbside pick-up for customers who are still wary of going inside the mall.

1 min read
Shopping Centre News
February 2021

IT'S BACK TO BUSINESS AS MUMBAI MALLS CLOCK 80-90% YOY SALES, USHER IN NEW STORES

Mumbai, India’s financial capital may have been the last to let shopping centres open their doors for consumers but six months since the opening, business has picked up and is almost at par with that of malls across other cities in India. While a chunk of the credit for the flourishing business goes to the spirit of Mumbaikars, it is indeed commendable to note the way malls have taken care of the most minute of details to bounce back…

10+ mins read
Shopping Centre News
February 2021

Delhi Allows Cinemas to Run at 100% Seating Capacity

Cinema halls, which have been operating with a 50 percent cap on seating, will run at full capacity from Monday. Delhiites will also be able to use swimming pools. This was allowed in an order issued by Delhi Disaster Management Authority on Sunday, which also permits trade exhibitions and opening of stadia for sports events.

1 min read
Shopping Centre News
February 2021

Home Centre Opens its First Uttarakhand Store in Pacific Mall

Home Centre, leading home retailer in India established in 1995 has launched its first Uttarakhand store at Pacific Mall in Dehradun. Home Centre has 52 stores Pan India in cities like Delhi, Mumbai, Lucknow, and Bangalore. The brand started off with a single store in Sharjah, UAE.

1 min read
Shopping Centre News
February 2021

Flash Mob for Road Safety Awareness at Growel's 101 Mall

Supporting the Road Safety Month initiative, Growel’s 1O1 Mall in Kandivali organised a fun filled Flash Mob performance by NGO We Can We Will Foundation to create awareness in a fun way about avoiding road mishaps. Gracing the occasion as the Chief Guest of the evening was Senior Police Inspector Mahadev Jadhav. The event was also attended by authorities from the traffic department of the Mumbai Police.

1 min read
Shopping Centre News
February 2021

Growel's 1O1 Mall Attracts New Stores on Basis of its Post Unlock Recovery Rate

Malls in Maharashtra re-opened in August’20 after more than four months of the pandemic induced lockdown with initial footfalls at only 20% - 25% of previous year.

1 min read
Shopping Centre News
February 2021

Airia Mall in Association with TRRAIN Creates Livelihood for Persons with Disabilities

In India there are about 26.8 million Persons with Disabilities (PwDs) out of which their employment is less than 1 percent, as per the census of 2011. In an attempt to support employment to PwDs, AIRIA Mall in association with Trust for Retailers and Retail Associates of India (TRRAIN) is opening a training centre to train them through TRRAIN’s livelihood creation program, Pankh – Wings of Destiny. On completion of their training, the trainees will be employed in the mall and its retail brands. The inauguration of the centre was done by Deepak Sethi, Project Director Reach Promoters Pvt Ltd and Sanjeev Kumar Centre Head, AIRIA Mall.

1 min read
Shopping Centre News
February 2021
RELATED STORIES

Your Facebook Friend Has Some Thoughts To Share About Your Covid Vaccine

Mark Zuckerberg wanted to make Facebook a source of reliable information about the pandemic. Instead he created a perfect platform for conspiracy theorists

10+ mins read
Bloomberg Businessweek
April 12, 2021

A Squeeze on the Global Middle Class

An estimated 150 million people slipped down the economic ladder in 2020, the first setback in almost three decades

10 mins read
Bloomberg Businessweek
April 12, 2021

Unlocking the Mysteries of Long COVID

A growing g number of clinicians are on an urgent quest to find treatments for a frighteningly pervasive problem. They’ve had surprising early success.

10+ mins read
The Atlantic
April 2021

Our Sad Souvenirs of The Pandemic

Americans can’t go anywhere, but we’re still buying the T-shirt.

9 mins read
The Atlantic
April 2021

Oxford's dirty business

A gas station-turned-plant shop is a perfect spot for an OIL change.

3 mins read
Mississippi Magazine
March - April 2021

Spring Break Staycation

Travel plans on hold this year? No worries—home is where it’s happening. Here’s how to map out the ideal anti-getaway right in your own backyard...

3 mins read
Girls' Life magazine
April/May 2021

moving Forward

Kristian Alfonso previews her new movies for Lifetime — ALL THAT GLITTERS and HIDDEN JEWEL — and looks back on leaving DAYS’s Hope behind for good.

7 mins read
Soap Opera Digest
March 29, 2021

GOV. ANDREW CUOMO CLINGS TO HIS PEDESTAL

A YEAR AGO, New York Gov. Andrew Cuomo was a pandemic hero.

5 mins read
Reason magazine
May 2021

Points North

For passengers to Alaska, the rush begins.

4 mins read
Global Traveler
March 2021

The Equality Issue – All in It Together? Yes and No

The pandemic has highlighted structural inequalities that have plagued society for decades

8 mins read
Bloomberg Businessweek
March 15, 2021