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Malls, brands at loggerheads over rent hikes

While discussions have started, industry insiders said large retailers are opposing the move given the number of stores they operate. Malls typically sign nine year agreements with the retailers with a rental hike of 15% every three year. But by increasing the rent 5% each year, retailers will have to shell out about 17% in lease cost in three years.

from Industry-Economic Times
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