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The Retail Business Survey indicated a steady month-on-month recovery for retail businesses across India, with sales in November 2020 being 13 per cent short of the sales during the corresponding period last year.As per the survey, levels of recovery differ across regions as restrictions begin to ease in a cAprilcious manner across states. (Photo: iStock)Covid-hit retailers are looking at the upcoming year 2021 with cautious optimism, shows a survey by the Retailers Association of India (RAI)…
The pandemic has changed the retail market–both online and offline–with consumers having no choice but to order many of their needs online sitting in their homes as India went into lockdown in March.After the initial flip-flop by the government on what can be sold online in lockdown, it finally allowed all goods to be sold through e-commerce platforms around May and since then online platforms have witnessed one of the sharpest recoveries in sales as consumers ordered everything from their grocery to electronics online…
22 December 2020, Newsr.in
The season to wish one another joy, love and peace is here with Christmas just right around the corner.With Punekars getting into the holiday season and festive mood, Phoenix Marketcity is all geared up to elevate the mood and make everyone’s Christmas happier. *Shamita Shetty spotted enjoying The Midas Christmas @ Phoenix Marketcity, Pune* All decked up to celebrate the most wonderful time of the year, *Phoenix Marketcity Pune* has created some unforgettable experiences for its consumers. Christmas at Phoenix got better with The Midas Christmas themed dcor – a visual treat and a mark of prosperity and grandeur…
23 November 2020, Knnindia.co.in
Commenting on retail sales during Diwali, Kumar Rajagopalan, CEO, Retailers Association of India (RAI), said, “The seasonal shopping trends have been greatly influenced by the pandemic situation this year. The Diwali shopping season has boosted retail sales of certain categories, however the overall festive spike has been lacking last year’s level. Occasions wear has witnessed an uptick in sales as weddings that were hitherto postponed are happening now.””However, lack of inbound travel of Non Resident Indians during the winter has had a negative impact on sales…
There is no relief for shopkeepers seeking the opening of City Centre Mall at Nagpada from the *BMC*, despite meeting environment and tourism minister Aaditya Thackeray.The BMC refused permission to open the mall early this month and insisted on a structural audit of the building. It has also issued notices to 29 malls in the Protesters voice their opinions during Bristol’s anti-lockdown march Watch the moment that police arrested protestors who were taking part in an anti-lockdown march…
While physical stores have seen reduced footfall, the conversion rate has shot up to 90% Offline retailers have been impacted by 60% to 80% across malls and high-street stores during this pandemic ‘Revenge shopping’ may kick in this quarter like it did in China, and in hope of attracting customers during the festive period The Covid-19 pandemic and the related nationwide lockdown created a huge dent in businesses throughout India…
Kolkata: The craze in Kolkata over Durga Puja has catapulted city malls miles ahead of their counterparts in the rest of the country, recording higher footfall and revenue in the run-up to Durga Puja.Mall operators in Delhi, Bengaluru, Mumbai and Chennai are hoping the confidence of customers in Kolkata will rub off on the local customers in their cities ahead of Diwali in mid-November and bring some joy in a year of gloom.From Monday to Sunday, the 11 malls in the city clocked around 12 lakh customers and registered revenue of Rs 80 crore…
03 October 2020, Timesofindia.indiatimes.com
Kolkata: Friday was a perfect warm-up for the weekend-shopping binge at malls and shopping districts across the city. From traders in malls and markets to hawkers on the streets — everyone was busy attending to shoppers. The three major shopping districts — Gariahat, New Market and Hatibagan — were also bustling with shoppers on Friday. By evening, the surge in crowd had Kolkata Municipal Corporation and Kolkata Police worried.The rising numbers led to some quick-fix solutions…
31 August 2020, Retail.economictimes.indiatimes.com
MHA, while issuing guidelines for unlock 4, has said that the states shall not impose local lockdowns outside the containment zones without consulting the central government.Bengaluru | New Delhi: Retailers and mall operators are hopeful that the new order from the Ministry of Home Affairs (MHA) that restricts states from imposing local lockdowns will help them ensure business continuity and benefit from an expected demand recovery in the festive season.The MHA, while issuing guidelines for Unlock 4, has said states should not impose local lockdowns outside containment zones without consulting the central government…
30 August 2020, Inc42.com
30 Aug’20 5 min read Indian retail sector will reach $1.4 Tn by 2024, Nasscom and EY report As the situation gets better, cloud computing and data analytics will play a major role in the transformation of the retail sector With real-time visibility into supply and distribution networks, retailers can decrease inefficiencies in the supply chain and anticipate item availability The economic repercussions of the Covid-19 pandemic have not yet fully unfolded and industries are bracing themselves for the impact. However, as activities slowly resume, the retail sector will play a vital role in kickstarting economic recovery…
After SOPs were issued for the resumption of film shoots, the I&B Ministry may reopen cinemasAfter issuing guidelines for film shoots, sources say that the Ministry of Information & Broadcasting is planning to reopen cinema halls in the next few days.’Cinema reopening guidelines are in the final stage’Sources say that the SOPs for reopening of cinemas are being prepared in consultation with the Ministry of Health…
On the Occasion of 74th Independence Day Pacific Mall, Tagore Garden , is putting up a décor called Wings of Valor that features Rafaleinstallation of a 16ft Fighter Aircraft suspended from the ceiling and at an elevation of 4.5 Ft. from the ground with a Runway base. The exhibit gives the feel of fighter aircraft taking off from a runway with tri-color being the backdrop of the runway. Weighing 110 kgs, the aircraft installation is made up of recycled material, EPS foam, paper, and waste iron scraps…
13 August 2020, Timesofindia.indiatimes.com
Facebook twitter incomIt is the onset of the festive season in India which also brings in its wake sales. With Raksha Bandhan being largely a family affair, Independence Day is the next occasion when people are more likely to step out, taking advantage of the day off. The dilemma for malls will be on balancing sales (revenue), heavier footfalls with social distancing (Covid protocols). Tricity malls have created an interesting mix of the two, with the likelihood of not tipping the scales in favour of the other…
11 August 2020, Indiaretailing.com
The COVID-19 pandemic has permanently altered consumer behaviour in India and nearly 90 percent of those surveyed are making lasting changes to how they live, work and shop, and there is no going back to the pre-pandemic world for consumer brands, a new report said on Monday…
31 July 2020, Outlookindia.com
The government”s decision not to open multiplexes in Unlock 3.0 will impact millions of livelihoods dependent on the sector, industry body MAI said on Thursday.The Multiplex Association Of India (MAI) said the industry was thoroughly prepared with stringent standard operating procedures (SOPs) and guidelines to offer a safe movie watching experience.”We are extremely disappointed with the Unlock 3.0 announcement to keep cinemas under continued lockdown,” MAI Member Alok Tandon said…
02 July 2020, Timesofindia.indiatimes.com
Pune: Several mall owners from the city have urged the state government to permit them to reopen shopping malls and complexes with all precautions as revenue has completely dried up. The owners made representations to the government after malls were not granted permission to open even in Unlock 2. According to various shopping mall owners and management, multiple representations have already been made to the government but to no avail. Anuj Kejriwal, managing director, and chief executive officer, Anarock retail and board of director of Shopping Centres Association of India (SCAI), said, “So far, numerous representations have not yielded results but…
17 June 2020, Retail.economictimes.indiatimes.com
Kolkata: The massive loss of business during the prolonged Covid-induced lockdown has forced city malls and retailers to go back to the negotiating table to come up with a new revenue model. With footfall down even during Unlock 1.0 and sales at a quarter of pre-Covid days, both stakeholders are in talks to work out a formula that would minimize bloodbath and help each other survive. Most of the retailers have sought a reworked revenue structure that would be in place for the next 6-9 months to help them tide over the crisis. In pre-Covid times, the malls functioned on three…
Lockdown: The Shopping Centres Association of India (SCAI) on Monday said the sector has lost over Rs 90,000 crore in the last two months, owing to the lockdown.New Delhi: The Shopping Centres Association of India (SCAI) on Monday said the sector has lost over Rs 90,000 crore in the last two months, owing to the lockdown…
20 May 2020, Timesofindia.indiatimes.com
Restaurants and retailers who are present in city malls have urged the government to allow them to function as home delivery and e-retail entities and start off-site sales even as the embargo on customer entry continues. Speaking to TOI, owners of restaurants with multi-mall presence said that the facilities in which they are present have not been allowed to open to public even in lockdown 4.0, while the restaurants should be allowed to operate their kitchens and deliver food through orders placed online or through food delivery aggregators like Swiggy and Zomato. “Just ahead of the first lockdown, the malls had…
06 May 2020, Daijiworld.com
The Shopping Centres Association of India (SCAI) on Wednesday asked Punjab and Haryana governments and the Chandigarh administration to set standard operating procedures and guidelines for the reopening of malls in the region. In a representation, the SCAI said the ability of shopping centres to enforce protocols is far more efficient than many others who have benefited from the relaxation…
06 May 2020, Businessinsider.in
Malls in India continue to stay shut even in Lockdown 3.0 , which is drilling a deep hole into the pockets of retailers and owners. In a recent online session by the Shopping Center Association of India (SCAI), industry leaders called for malls to reopen in at least green zones. Experts suggested that malls should open up but in a measured manner and with precautions – food courts can have alternate seating tables, coffee shops should open with half occupancy etc…
Operators of largeformat apparel, electronics and home retail stores,vanilla shops, restaurants and food courts have asked mall managements to waive the rent for the lockdown period…
14 Apr 2020, Outlookindia.com
Shopping Centres Association of India (SCAI) on Tuesday hailed the government’s decision to extend lockdown but said malls should be allowed to operate after April 20 in those areas where coronavirus has been contained…
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ONLINE NEWS
The Retail Business Survey indicated a steady month-on-month recovery for retail businesses across India, with sales in November 2020 being 13 per cent short of the sales during the corresponding period last year.As per the survey, levels of recovery differ across regions as restrictions begin to ease in a cAprilcious manner across states. (Photo: iStock)Covid-hit retailers are looking at the upcoming year 2021 with cautious optimism, shows a survey by the Retailers Association of India (RAI)…
The pandemic has changed the retail market–both online and offline–with consumers having no choice but to order many of their needs online sitting in their homes as India went into lockdown in March.After the initial flip-flop by the government on what can be sold online in lockdown, it finally allowed all goods to be sold through e-commerce platforms around May and since then online platforms have witnessed one of the sharpest recoveries in sales as consumers ordered everything from their grocery to electronics online…
22 December 2020, Newsr.in
The season to wish one another joy, love and peace is here with Christmas just right around the corner.With Punekars getting into the holiday season and festive mood, Phoenix Marketcity is all geared up to elevate the mood and make everyone’s Christmas happier. *Shamita Shetty spotted enjoying The Midas Christmas @ Phoenix Marketcity, Pune* All decked up to celebrate the most wonderful time of the year, *Phoenix Marketcity Pune* has created some unforgettable experiences for its consumers. Christmas at Phoenix got better with The Midas Christmas themed dcor – a visual treat and a mark of prosperity and grandeur…
23 November 2020, Knnindia.co.in
Commenting on retail sales during Diwali, Kumar Rajagopalan, CEO, Retailers Association of India (RAI), said, “The seasonal shopping trends have been greatly influenced by the pandemic situation this year. The Diwali shopping season has boosted retail sales of certain categories, however the overall festive spike has been lacking last year’s level. Occasions wear has witnessed an uptick in sales as weddings that were hitherto postponed are happening now.””However, lack of inbound travel of Non Resident Indians during the winter has had a negative impact on sales…