Helping to stay afloat: Owners of shopping malls and shoplots in Hong Kong and Singapore have offered rebates to tenants to help them weather the ‘storm’ and ensure business continuity. — BloombergRetail associations have urged shopping malls and shoplot owners to give their tenants rebates to help them ride out the effects of the Covid-19 outbreak.
“Malaysia’s retail businesses have been greatly affected since the outbreak, ” the retail groups said in a joint statement yesterday. The group said besides the drop in consumer traffic, retail outlets had to incur extra cost to engage more cleaners to wipe down public areas and administration staff to take temperature, to advise staff and customers on good hygiene practices as well as provide more hand sanitisers at strategic locations.
The retailers also appealed to landlords to offer holistic support such as the flexibility to operate shorter hours, to cut down or reduce unproductive operational hours, free parking for shoppers, complimentary booking of atrium areas, and marketing support for both retailer-driven promotions and mall-wide marketing initiatives.
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