Fashion

Back to work impact – Metro Shoes reports highest ever revenues in Q1 FY23

Reliance Retail fills the Gap in India

Puma sets feet in Maldives

Retail Horoscope for May 2022

Victoria’s Secret onboards Amazon

Fashion Retail sizzles amidst looming 4th wave of Covid

E-Commerce

Victoria’s Secret onboards Amazon
Fashion

Victoria’s Secret onboards Amazon

June 25, 2022
Vinod launches 100% Virgin Aluminium Cookware
Indian Ecomm

Vinod launches 100% Virgin Aluminium Cookware

January 21, 2022
Ola! Now get Groceries in 10 mins
E-Commerce

Ola! Now get Groceries in 10 mins

March 13, 2022
Shadowfax goes the extra mile to vaccinate its fleet
E-Commerce

Shadowfax goes the extra mile to vaccinate its fleet

January 21, 2022
Tuesday, August 9, 2022
  • Login
Retail Updates
No Result
View All Result
  • FMCG
    • FMCG Food
      • Indian FMCG – Food
      • Regional FMCG – Food
      • StartUps FMCG – Food
      • International FMCG – Food
    • FMCG Non-Food
      • Indian FMCG Non-Food
      • Regional FMCG Non-Food
      • Startups FMCG Non-Food
      • International FMCG Non-Food
  • Fashion
    • Luxury
    • Womens’
    • Menswear
    • Kidswear
    • Innerwear
    • Accessories
      • Cosmetics
      • Eyewear
      • Footwear
      • Leather
      • Personal Care
      • Watches
      • Wearables
  • F&B
    • QSR
    • Traditional
    • Cloud Kitchens
  • E-Commerce
    • Amazon
    • Indian Ecomm
    • Services
  • Malls
    • Mall Chains
    • Standalone Malls
  • International
    • USA
    • Singapore
    • China
    • Middle East
    • SE Asia
    • Europe
    • Oz & Nz
    • SouthAm
  • Specialty Retail
    • Travel Retail
      • Airports
      • Metro Rail
      • Railways
      • Highways
    • Auto Retail
      • 2W
      • 4W
      • EVs
      • Fuel Retail
    • Liquor
    • Salons
    • CDIT
    • Grocery Retail
    • Home Improvement
  • Entertainment
    • Cinemas
    • Multiplex
    • OTT Platforms
    • Theme Parks
    • Others
  • Retail Tech
    • Digital
    • Retail AI
    • PoS S/w
    • Payments
    • Credit Cards
    • Crypto
    • Tech Delivery
  • Cities
  • Corporates
    • Industry Info
    • Global
      • Apple
      • Nestle
      • Walmart
      • Starbucks
      • Shell
    • Indian
      • Aditya Birla
      • Arvind Fashions
      • Future Group
      • Reliance
      • Tata Group
      • Shoppers Stop
      • ITC
      • HUL
      • Marico
      • Britannia
      • Dabur
      • Patanjali
      • Reckitt
      • Colgate
    • Listed Cos.
  • Opinions
    • Blogs
    • Videos
    • Interviews
    • Lockdown Impact
    • Editor’s Note
Retail Updates
Malls bring in fresh blood, new brands

Malls bring in fresh blood, new brands

by Editor
July 3, 2022
in Uncategorized
Reading Time: 3 mins read
0

As was expected, Q1 FY 2223 seems to have taken off well. Many International and Indian brands in the fashion and accessories industry have reported growth of 10-15% over same period FY 1920. Over the same period last year, the growth is 40-120%, given that most of April & June 2021 were shut due to lockdown while the whole month of May was closed as a precautionary measure due to the severe second wave of the pandemic. The focus for brands off late has been more on malls when compared with high streets, given that there has been a slew of movie releases this calendar year, which drives huge footfalls to malls. The recent Quarter of FY 2223 also had a number of muhurat days, which helped propel sales for brands.

Malls have taken the worst hit in the past 2 years since Covid-19 stuck the country. On one side, Malls had to be kind enough to their tenants, by offering various kinds of doles including rental waivers, operate pure revenue share models, extended tenancy and so on. On the other hand, malls had to meet their fixed commitments such as maintenance & upkeep of its premises, staff management as well as paying their own creditors and banks on time. It is notable that very few malls across India had to completely shut down because of the ongoing pandemic stress. This reflects the true and healthy relationship between Mall management companies and their tenants – the brands.

YOU MAY ALSO LIKE

Back to work impact – Metro Shoes reports highest ever revenues in Q1 FY23

Service Charges at Restaurants – who benefits?

However, the party seems to be over now. Most malls have decided to increase or have already informed tenants about an increase in rents. This is to cope with their losses for the past 2 years, along with the hope that the upcoming 2 quarters of the financial year are going to draw the moolah for them. Mall rents range from Rs. 180 -350 per sft on built-up area plus CAM – Common Area Maintenance. The built-up area is usually 130-150% of the trading or carpet area). Thus, for a 1,000 sft store in a mall, the rent would range around Rs. 2.50 – Rs. 4 lakhs pm across various mall formats. On the current pricing structure, Malls have started demanding brands for a higher rent, ranging from 10-30% of current levels.

Many malls are also redoing their tenant mix. International Brands like Tommy Hilfiger, Armani Xchange, Mango, among others are the preferred tenants for the premium ground floor spaces now along with a part occupancy for department store chains like Shoppers Stop, Lifestyle, Trends, among others. Most brands of Indian origin are being asked to move to upper floors and with an increase in occupancy costs. Alternatively, the brands can choose to vacate as well. Such is the frenzy for high quality retail trading areas, that many Indian brands have not only agreed to move to another location but also pay a partial increase in rents. Goes to show how confident the retailers as well as Mall developers on the ensuing consumer sentiment.

Larger areas being held by the likes of H&M, Marks & Spencer, Pantaloons, etc. are being lessened and the residual space is being distributed to vanilla stores. Higher efficiency in a limited space is the name of the game in current times. While there is a silent 4th wave of the pandemic is said to be in progress currently, both Malls and Brands seem to be undeterred and are continuing with their day today business operations without getting distracted. Many states such as Maharashtra, Tamil Nadu, etc. have made wearing masks in public spaces compulsory, though this is yet to be fully implemented.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Pocket (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Skype (Opens in new window)
  • Click to email a link to a friend (Opens in new window)

Like this:

Like Loading...

Related

Tags: consumerfeaturedlockdownMallsmetro citiesretailshopping
ShareTweetShare

Related Posts

Back to work impact – Metro Shoes reports highest ever revenues in Q1 FY23
Footwear

Back to work impact – Metro Shoes reports highest ever revenues in Q1 FY23

July 29, 2022
Service Charges at Restaurants – who benefits?
F&B

Service Charges at Restaurants – who benefits?

July 24, 2022
Reliance Retail posts best-ever performance in Q1 FY2223, more to come
Latest News

Reliance Retail posts best-ever performance in Q1 FY2223, more to come

July 23, 2022
Big Basket spent Rs. 1.10 to earn Re. 1 in FY 21-22; Losses climb 4x
E-Commerce

Big Basket spent Rs. 1.10 to earn Re. 1 in FY 21-22; Losses climb 4x

July 17, 2022
Reliance Retail fills the Gap in India

Reliance Retail fills the Gap in India

July 7, 2022

Listed Companies

Back to work impact – Metro Shoes reports highest ever revenues in Q1 FY23
Footwear

Back to work impact – Metro Shoes reports highest ever revenues in Q1 FY23

by Editor
July 29, 2022
0

India’s leading footwear retail chain Metro Shoes reports highest ever revenues in Q1 FY23

Read more
Reliance Retail posts best-ever performance in Q1 FY2223, more to come

Reliance Retail posts best-ever performance in Q1 FY2223, more to come

July 23, 2022
Titan Industries grows 36% yoy | Tanishq Jewelry by 37% over FY 20-21

Titan Industries grows 36% yoy | Tanishq Jewelry by 37% over FY 20-21

March 6, 2022
Dominos India now at 1,500 locations – Revenues up 13%

Dominos India now at 1,500 locations – Revenues up 13%

March 6, 2022
Reliance Retail revenue grows 52% YoY – Q3 FY 21-22

Reliance Retail revenue grows 52% YoY – Q3 FY 21-22

March 6, 2022

FMCG

Big Basket spent Rs. 1.10 to earn Re. 1 in FY 21-22; Losses climb 4x

Daawat celebrates World Biriyani Day

Retail Horoscope for May 2022

Metro Cash & Carry expands frontiers in home turf Karnataka

Ruchi Soya to issue Further Public Offer, raises Rs. 1,290 Crores from Anchors

From FabMall to Fresho – it’s a full circle!

Cities

Tamil Nadu allows Retailers to operate 24/7
Cities

Tamil Nadu allows Retailers to operate 24/7

by Editor
July 3, 2022
0

Tamil Nadu Government allows Retailers to operate 24/7, 365 days a year. Move to boost festival sales especially; retailers ecstatic...

Read more
LuLu Group to play LaLaLa in Tamil Nadu

LuLu Group to play LaLaLa in Tamil Nadu

May 1, 2022
Sunday Lockdown in TN may go – if cases reduce: Minister

Sunday Lockdown in TN may go – if cases reduce: Minister

March 6, 2022
KA State relaxes Weekend Lockdown; Shops, Restaurants to remain open

KA State relaxes Weekend Lockdown; Shops, Restaurants to remain open

January 21, 2022
D’Mart Earnings surge 106% for Q3, 105% for H1

D’Mart Q3 shows rural economy is bouncing back

January 12, 2022

Who We are…

Retail Updates strives it’s best to curate the latest in the world of Retailing from across the world and offers insights and analyses.

No Result
View All Result

In case you missed…

  • Back to work impact – Metro Shoes reports highest ever revenues in Q1 FY23
  • Service Charges at Restaurants – who benefits?
  • Reliance Retail posts best-ever performance in Q1 FY2223, more to come

Search by Tags

Auto Retail Cities E-Commerce Fashion FMCG Industry Info Latest News Listed Cos. Lockdown Impact
  • FMCG
    • FMCG Food
      • Indian FMCG – Food
      • Regional FMCG – Food
      • StartUps FMCG – Food
      • International FMCG – Food
    • FMCG Non-Food
      • Indian FMCG Non-Food
      • Regional FMCG Non-Food
      • Startups FMCG Non-Food
      • International FMCG Non-Food
  • Fashion
    • Luxury
    • Womens’
    • Menswear
    • Kidswear
    • Innerwear
    • Accessories
      • Cosmetics
      • Eyewear
      • Footwear
      • Leather
      • Personal Care
      • Watches
      • Wearables
  • F&B
    • QSR
    • Traditional
    • Cloud Kitchens
  • E-Commerce
    • Amazon
    • Indian Ecomm
    • Services
  • Malls
    • Mall Chains
    • Standalone Malls
  • International
    • USA
    • Singapore
    • China
    • Middle East
    • SE Asia
    • Europe
    • Oz & Nz
    • SouthAm
  • Specialty Retail
    • Travel Retail
      • Airports
      • Metro Rail
      • Railways
      • Highways
    • Auto Retail
      • 2W
      • 4W
      • EVs
      • Fuel Retail
    • Liquor
    • Salons
    • CDIT
    • Grocery Retail
    • Home Improvement
  • Entertainment
    • Cinemas
    • Multiplex
    • OTT Platforms
    • Theme Parks
    • Others
  • Retail Tech
    • Digital
    • Retail AI
    • PoS S/w
    • Payments
    • Credit Cards
    • Crypto
    • Tech Delivery
  • Cities
  • Corporates
    • Industry Info
    • Global
      • Apple
      • Nestle
      • Walmart
      • Starbucks
      • Shell
    • Indian
      • Aditya Birla
      • Arvind Fashions
      • Future Group
      • Reliance
      • Tata Group
      • Shoppers Stop
      • ITC
      • HUL
      • Marico
      • Britannia
      • Dabur
      • Patanjali
      • Reckitt
      • Colgate
    • Listed Cos.
  • Opinions
    • Blogs
    • Videos
    • Interviews
    • Lockdown Impact
    • Editor’s Note

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
 

Loading Comments...
 

    %d bloggers like this: