Kolkata malls, retailers rework revenue model

The massive loss of business during the prolonged Covid-induced lockdown has forced city malls and retailers to go back to the negotiating table to come up with a new revenue model. With footfall down even during Unlock 1.0 and sales at a quarter of pre-Covid days, both stakeholders are in talks to work out a formula that would minimize bloodbath and help each other survive. Most of the retailers have sought a reworked revenue structure that would be in place for the next 6-9 months to help them tide over the crisis.

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