Mall Festival Sales At 80% Of Last Year, Sustaining: Prestige’s Irfan Razack

Vacancies remain below 10% and the shops being left vacant are filled in “very soon”, Razack said.

Pedestrians pass by UB city mall, in Bangalore, India. (Photographer: Namas Bhojani/Bloomberg)

Malls managed 80-85% sales this festive season, compared to that seen in Diwali 2019, according to Irfan Razack, at a time when Covid-19 has eaten into a number of businesses that require people to step out.

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