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Malls see significant drop in revenue as new covid restrictions set in

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NEW DELHI : New Delhi: Malls have seen revenues drop by half in the aftermath of several states directing them to down shutters amid an uptick in covid cases.In a statement to the press, Shopping Centres Association of India (SCAI), an industry body that represents malls across the country, said local restrictions, the closure of malls in a few states, and weekend curfews had impacted their business recovery, and employment associated with organized retail.The second wave could stall any recovery made by shopping centres and malls in the beginning of the year.Malls across India had recovered close to 90% of pre-covid business between November and March.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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