Shopping Mall: Mall developers shared that they are working on short-term leasing agreements, pop-up stores, and experimental store models allowing D2C brands the opportunity to test waters before long-term leasing commitments.
New Delhi : With the summer season upon us once more, it is an exciting time ahead for kids and their mother’s. The popular ‘We Love Summer’ camp is back and this time it promises to be bigger and more exciting for everyone. This is the 6th year of ‘
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The state government has asked mall operators to restrict the entry of shoppers and allow only one person per 25 square feet at a given time. Mall operators have developed apps to ensure social distancing.
Retailers stare at losses as Delhi too downs shutters
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According to Praveen Khandelwal, secretary-general of the Confederation of All India Traders, businesses stand to lose Rs 600 crore per day because of the closure. Malls in Delhi were already shut from mid-April and saw dwindling traffic even during those weeks when the shopping centres were open.
ANI
The lockdown in Delhi will deal a crippling blow to retailers already reeling under dwindling sales amid the deadly second Covid-19 wave raging nationwide. Retailers said the capital shutdown could push them into losses in the first quarter. Business had already declined by almost 70% in Delhi as consumers stayed away from markets and the lockdown will wipe out the remaining business, said Siddharath Bindra, managing director of ethnic apparel brand Biba.