×
454
Fashion Jobs
AVRO INDIA LIMITED
Area Sales Manager- Ludhiana, Amritsar/ mP-Indore, Bhopal
Permanent · Ludhiana
SOSYO HAJOORI BEVERAGES PRIVATE LIMITED
Area Sales Manager
Permanent · Mumbai
VIKRAM TEA PROCESSOR PVT LTD
Area Sales Manager
Permanent · Ahmedabad
HERITAGE FOODS INDIA
Area Sales Manager(Hyderabad & Vijayawada) @ Hfl
Permanent · Hyderabad
NASH INDUSTRIES (I) PVT. LTD.
Production Manager Position With Nash Industries-Pune
Permanent · Pune
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager
Permanent · Noida
VR INDUSTRIES PVT. LTD
Area Sales Manager
Permanent · Chennai
G.R. BATHLA & SONS
Marketing Executive/Area Sales Manager
Permanent · Ludhiana
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Cutting Manager/Production Head - Garments Industry
Permanent · Bhiwandi
KALPA ELECTRIKAL PVT. LTD
Hiring For Production in Charge/ Manager (8-15 Yrs Exp)
Permanent · Bengaluru
TARGET PUBLICATIONS
Regional Sales Manager
Permanent · Mumbai
THE BANYAN HR CONSULTS
Head HR For Garments Manufacturing Company at Chengalpattu, Tamil Nadu
Permanent · Chennai
IUMENTAS LIFE SCIENCE
Veterinary Sales Manager For The State of Assam
Permanent · Guwahati
HINDCO RECRUITMENT CONSULTANTS
Production Manager| Leading Plastic Manufacturing Company| Umbergaon
Permanent · Navsari
HINDCO RECRUITMENT CONSULTANTS
Production Manager| Leading Polythread Manufacturing Company| Ranchi
Permanent · Ranchi
ENGGSERVICES2INDIA
Production Quality Manager - Immediate Requirement
Permanent · Bengaluru
DIASORIN HEALTHCARE INDIA PRIVATE LIMITED
Area Sales Manager
Permanent · Hyderabad
METROPOLIS HEALTHCARE
Territory Sales Manager @ Mumbai
Permanent · Mumbai
GTROPY SYSTEMS PRIVATE LIMITED
Direct Sales Manager - Faridabad
Permanent · Faridabad
METROPOLIS HEALTHCARE
Territory Sales Manager @Amravati/Nagpur/Aurangabad
Permanent · Nagpur
AAVAS FINANCIERS LIMITED
Area Sales Manager | Home Loan | Delhi
Permanent · Pune
RAJ RAJESHWARI SPICE FOODS LTD.
Area Sales Manager/Senior Sales Officer Required
Permanent · Bareilly
Published
Apr 15, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Mall revenue not expected to recover by FY22 end as Covid-19 continues to affect industry

Published
Apr 15, 2021

Despite measured recovery, Indian malls are not expected to recover to pre-pandemic revenue levels by the end of the current 2022 financial year, with Maharashtra malls facing some of the steepest challenges. 

DLF Emporio mall - Ekaya- Facebook

 
Mall revenue as a whole is expected to return to around a fifth lower than its pre-coronavirus levels by the end of FY22, according to a new report by ratings agency Crisil, accessed by the Press Trust of India. Mall revenue should grow by between 45% and 55% this fiscal, following a 45% revenue drop in the 2021 fiscal year amid lockdowns and restrictions, Crisil said.  
 
Even at the end of the current financial year, malls will most likely achieve only 80% to 85% of their pre-pandemic revenue, according to Crisil. Mall owners have been able to cut costs with reduced utilities and optimised manpower and segments including apparel and beauty have seen a greater recovery than mall multiplexes and family entertainment centres. 

Many malls faced restrictions and reduced business hours long after high streets reopened in 2020 and many brands with store in malls had to request rent reductions in the face of months without sales.

As local lockdowns come into force once more, many malls face an uncertain few months. However, despite malls facing another blow to retail sales, their debt servicing capability is unlikely to be impacted due to strong sponsors and healthy liquidity profiles, according to Crisil. 

Copyright © 2021 FashionNetwork.com All rights reserved.