Malls news and archive

Mall vacancies hit record high

Retail and office vacancies keep climbing as declining physical store traffic has led to store closures. Vacancies have hit a record at 11.4 percent, a 90-basis-point-jump from the previous quarter according to Moody’s Analytics REIS. The news was reported by Retail Dive. Regional and super-regional mall saw a .4 percent uptick year over year,...

Business

CBL files for bankruptcy

CBL & Associates Properties Inc, a U.S. shopping mall operator, has voluntarily filed for Chapter 11 bankruptcy. The news was reported by Reuters. This makes CBL another casualty of mall operator bankruptcies as coronavirus put a major dent in some already struggling mall businesses. Malls, which were already seeing declining foot traffic, were...

Retail

Malls reopen in India, with riders

As of 5th August, malls across India are allowed to open again as part of the country’s “unlockdown” efforts. While mall and shopping centre doors have opened and the first weekend saw a good turnout across the board and despite heavy rain warnings in some parts of the country, mall operators and retailers need to make sure to stick to mandatory...

Retail

‘Malls least affected by the ecommerce wave’, says study

While there has been constant reports of how consumers’ tilt towards online shopping and discounts offered by these platforms are impacting sales and profits of offline retailers and brand, according to the latest report, the malls are last in the league to be scared of online retail. As per ‘Malls in India’ report, there were around 50 malls in...

Fashion

Malls lose sheen as e-commerce takes the center-stage

The e-commerce wave in India is so strong that it has made had an impact on prominent malls in the country. While Ambience Mall Vasant Kunj, one of National Capital Region's largest mall saw footfalls at fall by about 15 percent in the last one year, other leading malls too are facing a similar fate. Most prominent malls in India have seen 3...

Fashion

Malo and Malls have kids in their horizon

V-Melo Apparel with two brands Malo and Malls under its belt caters to men’s inner wear and active wear segments. It is now looking at launching a kids’ range while concentrating on expanding its retail reach. “By 2013, we may have children’s wear having similar product categories as we have for men like vests and briefs, track pants, bermudas...