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Maharashtra shuts malls, eateries till April 30, restaurateurs say body blow to industry

Malls in Maharashtra will remain closed throughout the day under the latest restrictions imposed by the Maharashtra government. Essential services include hospitals, diagnostic centers, clinics, medical insurance offices, pharmacies, pharmaceutical companies, other medical and health services. Also included are groceries,...

IMAGES Group Survey: 90.6% mall owners exploring contactless technologies to adjust to COVID era

The worldwide lockdown for almost 70 days amid the COVID-19 pandemic left the Shopping Centre Industry in India and the world in the throes of a crisis. The need for hyper sanitization and social distancing had led to shuttering...

Retail shopping centres may see 10-12 percent decline in rental income due to coronavirus lockdowns: Report

India’s retail malls would see a temporary 10-12 percent erosion of their rental income due to the lockdown imposed to contain the spread of coronavirus, a report said. The report by India Ratings said that the commercial office segment is...

Redefining the future of retail malls

The Indian retail sector has metamorphosed significantly over the last few decades. Rapid urbanization and digitization, rising disposable incomes and lifestyle changes of particularly the middle-class has led to a major revolution in the retail sector, projected to grow...

Rebirth of retail malls in India

The Indian retail sector has metamorphosed significantly over the last few decades. Rapid urbanization and digitization, rising disposable incomes and lifestyle changes of particularly the middle-class has led to a major revolution in the retail sector, projected to grow...

New mall space to increase by 40 percent in the country: JLL India

In a recently completed study by JLL, one of India’s largest real estate service firms, retail supply in the next three years (2018 – 2020) is expected to be at 19.4 million sq. ft. (msf). In the same period demand will be...

Deep Dive: The mall is not dead, it is in need of transformation

This is the second report in our three-part The Mall Is Not Dead series that looks at the US mall landscape with a focus on the challenges malls face and their need for transformation. In this report, we examine...

India sees net negative retail space supply for first time

For the first time in India’s mall history, a net negative supply of retail space was observed in 2016 due to closure of some failed malls coupled with limited new supply. While five malls shut down last year, 10...

Shopping malls aim to increase business by 40-50 pc during festive season: ASSOCHAM

Faced with heavy discounts from e-commerce, shopping mall owners in major cities are shaping back, going aggressive in the run up to Diwali offering freebies and easy finance options, hoping to win back the footfalls and increase their business...

The evolution of shopping malls in India

It’s been more than a decade since organised retail came up in India. In the early phase of development, it was just restricted to plaza culture. Post 2003, mall culture started multiplying in the metro cities, and India started...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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