PVR enters Sri Lanka with a 9-screen property
PVR has collaborated with the Shangri La Group to launch the new nine- screen property, which includes two luxury cinema formats – PVR LUXE and one kids’ format PVR Playhouse. Sanjeev Kumar Bijli, joint MD, PVR, said that the market dynamics in Sri Lanka are very similar to that of India, which helped the company to decide on the market.
Riot police storm Hong Kong malls to nip more protests
There were calls online urging protesters to gather in seven locations to sustain a pu...
Paytm Mall’s losses contract 35% in FY19, revenue up 25%
While Paytm’s e-commerce unit was able to show a marked reduction in losses in FY19 ...
Nexus, Prestige in talks to merge mall business
Talks between Nexus malls and Prestige to merge the mall business in order to create the largest mall operator in the country is in its initial stage. If talks fructify, the combined entity could get enlisted as a real estate investment trust.
Ultra-luxury Diwali gifting loses sheen this year
On a weekday, just weeks before Diwali, Chanakya luxury mall in New Delhi’s diplomatic enclave illustrates the prevailing sentiment. Hardly any customer is seen carrying shopping bags that are common before the biggest festival.
Paytm Gold can now be redeemed at jewellery stores
This is a part of Paytm Mall's overall O2O strategy and it has collaborated with Kalyan Jewellers, Malabar Gold & Diamonds, PC Jeweller, Senco Gold & Diamonds and Caratlane to enable users to purchase jewellery by redeeming their accumulated gold.
Expect Paytm Mall biz to break even in a year: Vijay Shekhar Sharma
"Paytm Mall business is close to break-even, USD 3 million EBIDTA loss a month and USD 1.2-1.3 billion run rate. In a day, we do 275,000-300,000 orders a day."
A cut above the rest, Zara now keen to cut mall rentals to size
Zara seeking reduction in revenue-share deals and either lower or total waiver of common area maintenance (CAM) charges.
Investors have reposed tremendous faith in us and we would like to repay it: IRCTC chairman
In future, there will be two private trains and maybe we will request railways for another route also.
IKEA to build a store in Mumbai mall
In a shift from their usual approach, the Swedish furniture maker is opting for a store rather than building their own stand alone space.
Retailers eye small towns as underperforming stores, e-commerce competition weigh on business: JLL
In these markets, real estate costs are 30-40 per cent lower than those in metros and tier 1 markets.
DLF reworking strategy to increase F&B share to 18-20%
DLF, which has malls across Delhi, Noida, Gurgaon and Chandigarh, has been allotting nearly 12 per cent of the total space to F&B..
Bomb hoax at Chandigarh mall creates panic
The DSP said Chandigarh Police's Cyber Cell was investigating the case.
Paytm Mall closes down warehouses to cut costs
This will help the sellers on its platform to use local courier services for delivery.
Apple inks sales deal with Paytm Mall
The move will mean only Apple authorised sellers can now sell Apple products in Paytm Mall whereby pricing will become better since iPhones and iPads used to get sold at deep discount in this platform.
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