Indian Retail Reels Under Coronavirus Panic

Amid the rising number of coronavirus cases in India, the order of closure of malls and multiplexes across many top cities by the respective state governments to prevent people congregating for any reason, has caused the organized retail scene in these cities to come to a grinding halt.

The top 8 main cities of India have 126 malls sprawling over more than 61 mn sq. ft. area, and more than 100 malls have multiplexes attached.

Wherever it has been mandated, there will therefore be a high number of establishments that need to shut down for operations.

Even short-term closures will have significant financial implications.

However, what matters more is that these establishments attract massive footfalls. In a health crisis like the coronavirus pandemic, shutting them down can be a major step forward in terms of harm-prevention.

Indian Retail Reels Under Coronavirus Panic

Comments

Comments (6)

author
James Bailey
Coronavirus is a blessing in disguise. I know it's painful for retailers and business owners, but they have to evolve and change their business model. They have to digitalise their infrastructure.
2020-03-14 12:17


author
Sarah Edwards
India is at the forefront of the fight against Coronavirus
2020-03-14 12:28


author
Mark Groves
I miss hanging out with my friends
2020-03-14 12:35


author
Bailey E
Bad news for retailers... This sucks...
2020-03-14 12:42


author
Luke Turner
Terrible news, stay strong to all my beloved Indian friends
2020-03-14 12:49


author
Dave Nagdev
So sad !!
2020-03-14 12:54

Trending

Loading…
Loading the web debug toolbar…
Attempt #