Why foreign fashion companies are increasing their store sizes in IndiaNike is more than tripling some of its store sizes to 3,000-5,000 square feet, as is Levi’s, which is expanding to 3,000 sq. ft. Market leader Zara is asking malls to double its space to 25,000-30,000 sq. ft. Benetton has identified 20 top locations in the metros to expand its outlets.
Metro Cash & Carry seeks level playing fieldThe German wholesale retailer has thrown its might behind mom-and-pop groceries and has demanded level-playing for the unorganised sector, wading into a debate in India that ecommerce companies like Amazon and Flipkart are hurting small businesses here.
Vicky Kaushal, Ayushmann Khurrana emerge new poster boys of ad worldThe two young Bollywood actors have signed up close to a dozen brands each over the past six months, probably matching the pace at which they have been winning over movie buffs across the country with their performances in films such as Uri: The Surgical Strike and Andhadhun.
Ultra-luxury Diwali gifting loses sheen this yearOn a weekday, just weeks before Diwali, Chanakya luxury mall in New Delhi’s diplomatic enclave illustrates the prevailing sentiment. Hardly any customer is seen carrying shopping bags that are common before the biggest festival.
Retail’s Diwali rests on this weekendBrick-and-mortar retailers and companies are hopeful that this weekend will see a jump in sales as the festive season kicks in. Retailers say the weeks of shopping spree ahead of the festival season has been trimmed down to one weekend.
Nexus, Prestige in talks to merge mall businessTalks between Nexus malls and Prestige to merge the mall business in order to create the largest mall operator in the country is in its initial stage. If talks fructify, the combined entity could get enlisted as a real estate investment trust.