Sunday, November 29, 2015

High rent, low sale kill airport shops

Ahmedabad: With four more stores at the Ahmedabad airport downing shutters in the last few months, the number of closed shops at the airport has reached six this year. Sources have said the high rent to be paid by store leasers and low footfall has prompted several store owners to pack up. There is space for around 25 stores in the domestic terminal at the Sardar Vallabhbhai Patel International Airport. As per sources at the Sardar Vallabhbhai Patel International Airport, five other stores will not be renewing their lease in December. "Store contracts are renewed at the end of the calendar year and several stores have opted not to renew their contracts," the source added.
Sources told Mirror that shops that downed shutters include a jewellery store, a garment store, a book store and an eatery, among others. Even 'Khadi' owned by the Aditya Birla group has shut store. When quizzed about the reasons for the stores shutting down, a former employee of the jewellery store that wrapped up business in July, said, "The store was unable to recover the costs. The number of customers was very low. So the company decided to shut shop." An employee at a Croma outlet, that has decided to keep the store open, confirmed the state of affairs.
29/11/15  Alok Brahmbhatt/Ahmedabad Mirror

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