Kolkata: Mal operators and retailers hope to return to the growth path in 2022 after two years of challenging when the pandemic undermines their business.
While the industry suffered huge losses in 2020, most of the retailers have conducted intelligent recovery in 2021 and set to end the year with income equivalent to 2019 or a little forward.
Rent too, has recovered to the pre-covid level.
“We will end the year with a revenue growth of 10% -15% over 2019 despite the closing of 45 days in May-June 2019.
Sales during the celebration season has been phenomenal.
With most populations in the city are now vaccinated and indication that the omicron variant – although it is more transmitting – less severe than the Delta variant which caused a catastrophe earlier this year, we hope there will be no interference in 2022, “said South City Above 75% -80%.
“We now see a request for the expansion of retail stores,” said Bagree.
In July 2021, Quest Mall recorded around 90% of the businesses that have been transacted in the appropriate 2019, but from August, monthly income The month has exceeded 2019.
“Over the past few months, the percentage.
Achievement is at 120% compared to the appropriate months of 2019, “said Vice President Mall Sanjeev Mehra Sanjeev Mehra.
While half of the retailers in the mall are in the revenue share model before the pandemic, around 90% of retailers are now in the share of income.
Acropolis, General Manager Mall K Vijayan said the rentals returned to the Pre-Covid level after a long period of 2020 and 2021 when renting relief offered to retailers.
“The Acropolis witnessed a steady uptick in sales since July and October post, he witnessed further growth In multiplex post-reset sales.
It has restored 100% of pre-covid rent, “he said.
All malls, including downtown I and II are operated by the Ambuja Neotia group, witnessing a faster recovery after the second wave of this year compared to the first wave of last year.” In waves First, many find online shopping.
But when the second wave was reduced, people desperate to step out and experience real shopping as they knew before the pandemic.
Ditto with dining.
Ordering a house is comfort but eating outside is an experience.
All of this triggered recovery, “said Director Wholetime Ambuja Neotia Ramesh Pandey.