Deerika Hypermart News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Hypermarkets in malls are losing space due to declining sales due to quick commerce apps like BlinkIt and Zepto. Mall operators like Landmark Group's Spar India have reduced store sizes and closed some outlets in Delhi NCR and Bengaluru. Reliance Smart Bazaar and Deerika Hypermart have also experienced a decline in sales. The trend has shifted from hypermarkets being the big draw to dining as the new pull factor.

Hypermarkets in malls are losing space due to declining sales due to quick commerce apps like BlinkIt and Zepto. Mall operators like Landmark Group's Spar India have reduced store sizes and closed some outlets in Delhi NCR and Bengaluru. Reliance Smart Bazaar and Deerika Hypermart have also experienced a decline in sales. The trend has shifted from hypermarkets being the big draw to dining as the new pull factor.

Hypermarkets at malls have started giving up space with some of them even shutting stores as sales have declined due to the penetration of quick commerce apps such as BlinkIt and Zepto, three mall operators said.

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