Movie halls turn saviours for beleaguered malls
Thursday, February 23, 2017, 11:40 AM
Multiplexes are the new anchors at malls. Average spends at multiplexes might be smaller than those at apparel stores or hypermarkets, but they’re consistent and more predictable. According to a Knight Frank India report, the share of space that multiplexes and the F&B category occupy in malls, has increased from just 8-9% a couple of years ago to 20%.