Gross sales in prime malls nonetheless 20-35% lower than pre-Covid ranges

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Synopsis

Mall builders count on consumption to enhance via this calendar yr, with relaxations in night time curfew and working hours, rollout of Covid-19 vaccination drive, and gradual rollback of density norms in malls.

Mumbai / New Delhi: Gross sales in prime buying malls within the nation within the festive season quarter ended December have been 20-35% lower than the earlier yr because the influence of the pandemic continues to sting the offline retail trade.Phoenix mentioned consumption at its retail portfolio was 66% of final yr whereas DLF and Viviana reported gross sales at 80-85% in the course of the quarter regardless of festive gross sales and discounting – occasions that historically attracted consumers to

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