Feedback
A pioneer B2B media and publication platform connecting with Fashion Brands & Retail in India

Indian malls lure customers with complete retail experience

Indian malls lure customers with complete retail experience 002With Indian retail sector on fast forward growth track the segment is going through a lot of changes. Experts say, Indian retail sector is pegged to grow by 60 per cent to $1.1 trillion by 2020. The booming retail market along with diminishing entry barriers has attracted the attention of many overseas retailers, who are exuberantly expanding their operations especially in Tier II cities like Ahmedabad, Chandigarh, Lucknow and Jaipur. By 2017-end, there were more than 600 operational malls across the country. What’s more over 30 new shopping malls covering nearly 14 million sq. ft. area are expected to come up across top eight cities by 2020.

Retail trends

The top-performing shopping malls are essentially mixed-use businesses that incorporate social entertainmentIndian malls lure customers with complete retail experience 001 options. With their use of new age technologies from design and construction stage to final end-user experience, they have now become stand-alone brands. In fact, some leading malls in and around NCR offer unique experiences like the DLF Mall in Noida that has an indoor ski-range or the World Trade Park in Jaipur that has a unique display feature wherein 24 projectors create a single image on its ceiling. The Grand Venice Mall in Greater Noida is a tourist attraction with its Venetian theme which includes gondola rides and provides a distinctly European feel while the Lulu International Mall in Kochi - touted to be the largest mall in the country - creatively uses technology-based novelties like geo-fencing, beacon technology and Automatic Number Plate Recognition (ANPR). Established as lifestyle and entertainment destinations, the Phoenix Market City chain of malls in Bengaluru and Chennai offer holistic and premium experience for retail, entertainment and movies, and F&B.

Mapping all corners

The Western region of the country, especially the Mumbai Metropolitan Region, houses some of the most iconic shopping centres such as Inorbit Mall, High Street Phoenix and Infinity Mall, among others. Similarly neighbouring Pune, has generous amount of land available, is home to prominent malls like Phoenix Market City, Amanora Town Centre and Seasons Mall. The phenomenal success of malls across the metros has encouraged Tier II cities like Thiruvananthapuram and Mangalore to embrace the mall culture, with the former seeing the launch of Mall of Travancore early this year.

Indian malls today strive to become prominent ‘shoppertainment’ locations by focusing on their own inherent strengths and advantages. This results in the shoppers being spoilt. However, matters can change quickly in the rapidly evolving world of organised retail with a lot depending on government’s actions in terms of infrastructure and policy. So far these have been positive with the Great Indian Mall Story firing on all cylinders.

 

LATEST TOP NEWS
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

Facing financial pressures, is Alok Industries on the verge of closure?

Facing financial pressures, is Alok Industries on the verge of closure?

Alok Industries, one of the most formidable players in Indian textile space, has been reeling under financial pressure and may soon be declared bankrupt if the dues aren’t paid. The... Read more

Fusion Beats: Creating a niche with a mix of traditional & western wear

Fusion Beats: Creating a niche with a mix of traditional & western wear

Fusion clothes fill the gap between the western and the traditional, and in India, Fusion Beats has created a niche in this space. Modern women seek for garments, which are... Read more

Bengaluru to host last show of JFW S/S ’18 runway showcase

Bengaluru to host last show of JFW S/S ’18 runway showcase

Junior’s Fashion Week is all set to conclude its Spring/Summer 2018 at Bengaluru with international brands like U.S. Polo Assn. Kids, Cherry Crumble California, Marks & Spencer, The Children's Place,... Read more

Soch launches week wear collection, focuses on retail expansion

Soch launches week wear collection, focuses on retail expansion

Women’s ethnic wear market is growing consistently with the infusion of a variety of new silhouettes and styles that enhance the fashion quotient while being comfortable. Trendy fusion wear, which... Read more

Predictive Analytic tools helping brands/retailers stay ahead in fashion

Predictive Analytic tools helping brands/retailers stay ahead in fashion

With designer labels filling up consumer’s wardrobes and fashion changing at lightning speed, the attention span of consumers is less than that of a goldfish. Given this scenario, designing clothes... Read more

India’s growing prominence in global e-com landscape

India’s growing prominence in global e-com landscape

The Hong Kong Trade Development Council has published a research on India’s growing e-commerce consumerism. As per the report, India is considered a difficult market to do business, despite substantial... Read more

Duty-free Chinese fabrics get converted into RMG in Bangladesh, enter India

Duty-free Chinese fabrics get converted into RMG in Bangladesh, enter India

Increasing apparel imports particularly from Bangladesh is silently disrupting India’s domestic textile value chain from fibre to apparel, suggest some reports. The industry has asked for immediate government intervention to... Read more

No Nasties optimistic about growth of organic clothing in India

No Nasties optimistic about growth of organic clothing in India

No Nasties today is one of the largest exporters of organic knits. Speaking about their upcoming collection and its emphasis on organic clothing, Apurva Kothari, Founder, No Nasties, says, “We... Read more

V Bazaar eyes 562,000 sq. ft. retail space by March 2020

V Bazaar eyes 562,000 sq. ft. retail space by March 2020

Knitwear as a category is not only more value for money but also trendy and in-fashion for V Bazaar’s customer base. The category contributes more than 70 per cent of... Read more

Alcis Sports to open more EBOs this year

Alcis Sports to open more EBOs this year

The active wear and athleisure market in India is poised for big growth as it’s passing through an exciting and interesting phase as the line between performance wear and lifestyle... Read more

MOST POPULAR NEWS
Go to top