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Retailers stare at losses as Delhi too downs shutters

Retailers stare at losses as Delhi too downs shutters SECTIONS Share Synopsis According to Praveen Khandelwal, secretary-general of the Confederation of All India Traders, businesses stand to lose Rs 600 crore per day because of the closure. Malls in Delhi were already shut from mid-April and saw dwindling traffic even during those weeks when the shopping centres were open. ANI The lockdown in Delhi will deal a crippling blow to retailers already reeling under dwindling sales amid the deadly second Covid-19 wave raging nationwide. Retailers said the capital shutdown could push them into losses in the first quarter. Business had already declined by almost 70% in Delhi as consumers stayed away from markets and the lockdown will wipe out the remaining business, said Siddharath Bindra, managing director of ethnic apparel brand Biba.

Covid spurt: Major markets in Delhi to voluntarily down shutters

Covid spurt: Major markets in Delhi to voluntarily down shutters April 19, 2021 × While some will be shut till April 21, others will keep stores closed till April 25 Many major market associations and traders in New Delhi have decided to close their stores voluntarily for a few days due to skyrocketing Covid cases in the capital city. While some markets will be shut till April 21, others will be shut till April 25. Some of the key markets that will remain shut include Chandni Chowk, Sadar Bazar, Chawri Bazar, Bhagirath Palace, Old Lajpat Rai Market, New Lajpat Rai Market, Dariba, Nai Sadak, Khari Baoli, Chemical Market, Photo Market, Cycle Market, Mori Gate, Ashok Vihar, various markets of Karol Bagh, Gandhi Nagar, Shanti Mohalla Market and multiple markets of East Delhi, Computer Market and Rubber Plastic Market.

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