Marketplaces, if run in the right spirit, could complement retailers by acting like online malls. Retailers would be happy to collaborate with them in the same way as they have collaborated with malls so far.
According to a 2007 report by McKinsey & Co., India is set to grow into the fifth largest consumer market in the world by 2025. Thus it is evident that India still has a huge scope for growth and development in the organized retail sector.
Pepe Jeans India has recently applied to the Department of Industrial Policy & Promotion (DIPP) to set up fully-owned retail stores in the country. The company aims to open large format retail outlets in metro cities of the country.