homephotos Newsbuzz NewsIn pics | Local markets, malls in Delhi NCR see better footfall, cinemas yet to get audience back

In pics | Local markets, malls in Delhi-NCR see better footfall, cinemas yet to get audience back

SUMMARY

Delhi is in the midst of what experts are calling a third wave of Covid virus. Number of cases crossed 6,000 mark for the past few days as people step out of their homes for festive shopping. Some of the malls in Delhi-NCR show a healthy sign of recovery but with all social distancing and safety precautions being strictly adhered to.

Profile image

By Timsy Jaipuria  Nov 17, 2020 10:05:56 PM IST (Updated)

Listen to the Article(6 Minutes)
CNBCTV18
Image count1 / 10

Some of the malls in Delhi-NCR show a healthy sign of recovery but with all social distancing and safety precautions being strictly adhered to.

CNBCTV18
Image count2 / 10

2. Luxury and beauty segments too are doing well and driving sales at malls in Delhi-NCR.

CNBCTV18
Image count3 / 10

3. Some are preferring going to malls to shop for festival essentials but in comparison to local and high street markets, the demand for festival essentials is less in malls.

CNBCTV18
Image count4 / 10

4. Yogeshwar Sharma, ED & CEO, Select CITYWALK Mall in Saket, New Delhi, says, “Footfalls are slowly coming back. The mall is getting around 30,000 footfalls on weekends. Categories such as beauty, apparel etc are doing well but categories like formal shoes, formal clothing and entertainment areas such as cinema and gyms are yet to see footfalls.”

CNBCTV18
Image count5 / 10

5. Not just shoppers, as business picks up, brands too are keen to launch new stores and collections. (Location—DLF Avenue, saket)

CNBCTV18
Image count6 / 10

6. (Location: DLF Avenue, Saket, New Delhi) Muckth Dograa, Centre head, DLF Avenue, Saket, says “We are seeing resurgence of footfalls. Now even new brands are opening new stores. We opened Uniqlo in Feb and now in last one month, we have opened new stores of Go Sport, Desiqual, etc. Cinema's are yet to pick up.”

CNBCTV18
Image count7 / 10

7. (Location: Mall of India, Noida) : As the economy recovers and consumers return, retailers and mall owners are hopeful of a good festive season. However for cinemas, the outlook remains grim as most shows continue to run to empty. At DLF Mall of India, the last among its peers to open up, in line with the market trajectory this mall has seen an influx of shoppers and interestingly the food and beverage section has not done badly either despite the restrictions on seating.

CNBCTV18
Image count8 / 10

8. (Location: Mall of India, Noida): Manish Mehrotra, Centre head DLF Mall of India, Noida says, “About 60% of pre-covid level footfalls are visible at malls because of the retail and F&B outlets. People are now ready to shop & dine in both. Groups of people are coming, families are coming. We expect footfalls to become better and better.”

CNBCTV18
Image count9 / 10

9. (Location: Select CITYWALK Mall, Saket, New Delhi) Even as cinemas are yet to report healthy footfalls, malls are now confident that the return of the shoppers is not for revenge buying instead it is an attempt at normalcy after a long hibernation. People are coming to open areas such as food courts to get back to normalcy.

CNBCTV18
Image count10 / 10

10. (Location: Select CITYWALK Mall, Saket, New Delhi) With precautions in place, people are making limited visits to malls, even if it means taking their kids along as they feel it is important for kids as well to step out of the house to ensure their mental health.

Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
arrow down

Most Read

Share Market Live

View All
Top GainersTop Losers
CurrencyCommodities
CurrencyPriceChange%Change