Tag Archives: India

India races past China to nab top spot on global retail index

(Source: Techwire Asia| June 7, 2017) India has overtaken China in an index ranking developing countries in terms of their attractiveness for retail investment. The Global Retail Development Index, an annual report from management consulting firm A.T. Kearney, said the ranking was based on the countries rapidly expanding economy, a major increase in consumer spending and the government’s easing of ...

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Indian e-commerce boom looms

(Inside Retail Asia | 18 May 2017) An Indian e-commerce boom is imminent thanks to burgeoning numbers of internet and smartphone users. The founder and CEO of online women’s fashion store Trend Arrest, Nitin Bhatia, predicts that by next year there could be 500 million internet and 280 million smartphone users. He says new users are fueling growth daily and ...

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Apple plans retail expansion in India

(Source: Apple Insider | 17 March 2017) American multinational technology company Apple is expanding its presence in India by increasing authorized reseller locations with over 100 small stores believed to be a six-fold increase in the number of outlets already in operation in the country. The reseller stores will measure 450 to 500 square feet in size, according to the ...

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Ikea buys 23 acres in Mumbai, plans to open 400,000-sq-ft store

(Source: The Manila Times | 21 May 2016) NEW DELHI: Ikea, the world’s largest furniture retailer, announced Friday the purchase of a land parcel in Mumbai, for its second store in India after Hyderabad. The Swedish company has bought 23 acres (9.31 hectares) in Navi Mumbai along the Thane-Belapur Road and plans to open a 400,000-sq-ft (37,161.22 sq m) store ...

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India is a highly anticipated market with much retail potential for H&M, says Country Manager

(Source: Retail in Asia) Swedish international retailer H&M Hennes & Mauritz AB, known for its sustainable fashion apparel, shoes and accessories for men, women, teenagers and kids opened its first store in Bengaluru on 25 Friday. The first H&M store opened in India in Delhi last October, followed by a second store in Delhi in December. The H&M Group has ...

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Hong Kong “best in the world”

(Source: Inside Retail Asia | July 13, 2015) Hong Kong has been ranked the easiest and best place in the world to open a retail business, its economic archrival Singapore ranking right behind. Retailers in Hong Kong benefit from first rate infrastructure, superior business conditions and a strong economic climate, according to the Arcadis Retail Operation Index released today. Singapore ...

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