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Malls cut hours as retailers squeezed

Nick Lenaghan
Nick LenaghanProperty editor

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Major shopping centres have begun scaling back opening hours in an effort to nurse their struggling retailers through the coronavirus-caused economic slump.

The move follows a series of measures set out by the national cabinet to protect retail tenants' viability during the crisis including a moratorium on evictions. A $130 billion wage subsidy package announced on Monday will further bolster retailers' effort to stay afloat.

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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com

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    Original URL: https://www.afr.com/property/commercial/malls-cut-hours-as-retailers-squeezed-20200330-p54f4z