The quest for the ideal location and the right format is what every retailer always strives for, irrespective of trying times. We would like to present to you an except of the comparison study of Malls Vs Main Street Vs Local Markets in the Indian Retail.
Retailing in Malls – Shopping malls are attractive for various cultural and promotional events and as a hang out destination among the younger generations. They scored High on Convenience, Comfort and ease of Shopping. However, retailers felt that stores operating from malls faced high rentals in addition to establishment and maintenance costs. Also the conversion of footfalls in such stores (more…)
Organised retail in India, today holds only a fraction (6%) of the market share potential in India. It has risen from ZERO to 6% in a very short period mainly on Volumes and not a value-driven growth. The Bazaar shopping concept has retained its identity and character while the modern-day shopping structures represent an inspired fusion of main street shopping along with community centric activity. Today we are re-visting the Origin and History of Organized retailing in India.