Showing 1 - 15 Articles out of 30
Current mall inventory across 8 cities is 232 malls, spread across 81.26 msf. There is a 16% increase compared to last 3 years.
Venkta pointed out that India has 30% population aged less than 14 years and the kids wear segment has a 20% approximate share in the apparel market which is predicted to grow at 25% by 2026.
The article sheds light on how changing retails dynamics in the face of technology disruption, the global influx of brands and maximization of footfalls have been offering the perfect customer experience.
Traditionally Infrastructure hassles and lack of clear guidelines along with high import duties & counterfeit market are few substantial reasons to prevent luxury retailers from directly investing in Indian markets.
As per Cushman & Wakefield Retail Snapshot Q4 2016 results about one million square feet mall space expected to be added in 2017.
Delhi International Airport Ltd (DIAL) surpassed the 48 million passenger mark in FY2015-16, witnessing a growth of 18 per cent in traffic over the previous year.
Very high returns for some brands from their airport stores explain why this format is turning so lucrative.
While some of these models are operated on virtual stores (online marketplaces), there are quite a few that have a physical retail presence.
Many global brands are exploring growth opportunities in emerging markets as economic growth and birth rates slow in western markets, and India is seen as a high-potential market.
While the company has citied the move as pre-emptive, Kapoor said the rejig is aimed at consolidating the business as one entity in the next 12-18 months because investors may consider an exit.
Flipkart has now partnered with American wrist watch brand Fossil for watch exchange program.
eCommerce companies are exploring the potential of mass customisation systems and providing their customers with the opportunity to create unique and individualised products.
Luxury brands have been making an entry in Indian retail scenario with high expectations, but finding themselves unable to sustain and succeed in the Indian market, they result in an eventual exit.