City malls report higher footfalls

    Kolkata, Aug 11 (PTI) Many malls in the city have
reported higher footfalls and a surge in sales on weekends, an
official said.
    Last weekend mall operators witnessed about 30-50 per
cent jump in footfall backed by higher sales, the official of
a leading mall said.
    Similar feedback was received from other leading malls
with 8,000-19,000 footfalls.
    "Among the few factors that drove people in large
numbers is the end of season sale before the arrival of fresh
stock for the festive season. Confidence in visiting malls is
higher compared to other places due to high safety protocols,
an AGM of another mall said.
    Mall managers also said now visitors are in no rush
for grocery essentials and rather seen buying non-essentials
like lifestyle, luxury items and eating out at the food
    "High footfall had happened amid closure of cineplex
and entertainment zones which is an important indicator for
revival. Before October mall sales will be back to 45-50 per
cent of pre-Covid level," an analyst with a rating agency
said. PTI BSM

(This story has not been edited by THE WEEK and is auto-generated from PTI)