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Malls expect surge in footfalls in the upcoming festive season, anticipate increased demand

According to a survey by Retailers Association of India (RAI), there were signs of marginal recovery as retailers continued to signal a contraction of 52% in August on a Y-o-Y comparison. The survey said large retailers are performing marginally better than medium-sized retailers.
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20 Sep 2020 3 Mins Read 0 comment
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New Delhi: Footfalls in most malls have doubled since the reopening on June 8, with many of them reporting up to 60% of the footfalls in comparison with pre-Covid levels. Mall operators said they expect to reach 80% level by November, with the festive season round the corner, no weekend lockdown in states and expectation of opening of cinemas
on a Y-o-Y comparison. The survey said large retailers are performing marginally better than medium-sized retailers. "Looking at the current trends and the upcoming festive season, we are sure that the footfalls will increase. We are expecting to hit and register 70% of consumption in the upcoming festive season,” said Ravinder Choudhary, AVP - Vegas Mall, in Delhi’s Dwarka.
New Delhi: Footfalls in most malls have doubled since the reopening on June 8, with many of them reporting up to 60% of the footfalls in comparison with pre-Covid levels. Mall operators said they expect to reach 80% level by November, with the festive season round the corner, no weekend lockdown in states and expectation of opening of cinemas on a Y-o-Y comparison. The survey said large retailers are performing marginally better than medium-sized retailers. "Looking at the current trends and the upcoming festive season, we are sure that the footfalls will increase. We are expecting to hit and register 70% of consumption in the upcoming festive season,” said Ravinder Choudhary, AVP - Vegas Mall, in Delhi’s Dwarka.

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