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On a shopping spree: Why high-street retail is making a big comeback in India?

Money Control

Money Control · 9m ago

On a shopping spree: Why high-street retail is making a big comeback in India?

Indian high streets are experiencing a revival, attracting global luxury brands that were previously cautious due to poor infrastructure. Improvements in parking and walkability are making high streets more attractive to retailers. Indian-origin brands are leading the way in capitalizing on this revival, with luxury brands starting to explore high street spaces. Tier II cities are also emerging as retail hubs, with growing demand for high street shopping experiences. High streets offer higher rental yields and better sales conversions compared to malls, making them lucrative for retailers. The future of Indian retail may see a balanced coexistence of high streets and malls.

Related News

French retailer Carrefour set to re-enter India with Dubai’s Apparel Group | Mint

Livemint

Livemint · 10m ago

French retailer Carrefour set to re-enter India with Dubai’s Apparel Group | Mint

French retailer Carrefour is making a comeback in India through a franchise partnership with Dubai's Apparel Group. Carrefour had initially entered the Indian market in 2010 but exited in 2014 due to a lack of business and a failure to find a partner to expand its multi-brand retail operations. Carrefour plans to introduce its exclusive brands in India starting from the National Capital Region in 2025, with a focus on multiple retail formats such as hypermarkets, supermarkets, and gourmet stores. The investment plans for India have not been disclosed by the companies.

How Shein-Reliance Nexus Will Shake Up India’s Online Fashion Market

Inc42 · 12m ago

How Shein-Reliance Nexus Will Shake Up India’s Online Fashion Market

Shein, a popular fast fashion brand, is making a comeback in India through a partnership with Reliance Retail. The move comes as the Indian fast fashion industry is expected to grow to $30 billion by FY23. Instead of operating as a standalone entity, Shein's products will be available for purchase through Reliance Retail's apps and physical stores. Shein's parent company will receive a license fee based on the profits generated within India.

Thaw in funding winter? Deal junction on startup street springs to life

Economic Times

Economic Times · 1y ago

Thaw in funding winter? Deal junction on startup street springs to life

Big-ticket deals of $100 million or more are making a comeback in the Indian startup sector, indicating a strong recovery after a decline in funding in recent years. Startups like Lenskart and Purplle are in discussions for such deals, along with HealthKart and Rapido. Investors are targeting startups that have shown resilience during the pandemic and are on a growth trajectory. This renewed interest in big deals spans across various sectors including healthcare, beauty, and hyperlocal mobility. The deal-making momentum is expected to accelerate with more companies seeking primary and secondary capital.

Why 86% of Indians plan to do their seasonal holiday shopping online

IndianStartupNews

IndianStartupNews · 1y ago

Why 86% of Indians plan to do their seasonal holiday shopping online

A recent survey by Cisco AppDynamics shows that 79% of Indian consumers plan to do more of their holiday shopping online this year compared to the previous year. The survey also reveals that 72% of Indian respondents expect their total holiday shopping to be conducted online, with 86% wanting to do more of their holiday shopping online this time. Reasons for the shift to online shopping include a broader range of choices, avoiding in-store rush, time constraints, shopping flexibility, convenience, and preference for the digital shopping experience. Consumer expectations for online retailers are also high, with any failures in applications or digital services causing anxiety and anger, and potentially pushing consumers back to in-store shopping. 80% of respondents stated that a subpar online shopping experience is not acceptable, and brands have just one chance this holiday season to make a lasting impression.

Whatnot India acquires 50% stake in airport ecommerce store, gadget Studio

IndianStartupNews

IndianStartupNews · 1y ago

Whatnot India acquires 50% stake in airport ecommerce store, gadget Studio

Whatnot India, a distribution and supply chain company, is acquiring a 50% stake in Gadget Studio, an airport e-commerce store specializing in tech and gadget products. This partnership aims to strengthen Whatnot India's presence in the technology and gadget retail sector, catering not only to tech-savvy consumers but also to millions of travelers passing through airports in India. The collaboration will offer a wider range of premium tech products and accessories, enhancing the shopping experience for customers. Whatnot India will leverage its supply chain capabilities to ensure a consistent supply of high-quality tech products to Gadget Studio's retail locations.

BLACK by KiranaPro Acquires Likeo to Power India’s First Virtual Trial Room Experience for Gen Z Shoppers

StartupTalky

StartupTalky · 1m ago

BLACK by KiranaPro Acquires Likeo to Power India’s First Virtual Trial Room Experience for Gen Z Shoppers

KiranaPro, under its BLACK platform, has acquired Likeo, a startup specializing in augmented reality try-ons, to launch India's first virtual trial room for Gen Z shoppers. This strategic move integrates immersive technology, enhancing shopping experiences by making them interactive and personalized. Likeo’s CEO, Saurav Kumar, joins KiranaPro to lead AI and visual computing initiatives. This acquisition boosts KiranaPro's position as a tech-first retail leader and aims to redefine online shopping experiences.

Why are 82% of Indian shoppers loyal to Amazon?

Inshorts · 1m ago

Why are 82% of Indian shoppers loyal to Amazon?

Amazon's emphasis on fast delivery, easy returns, and personalised shopping experiences has paid off. A recent survey revealed that 82% of Indian users are likely to continue shopping on the platform, highlighting the strong customer loyalty built through consistent service and innovation.

India Ranks First In Crypto Adoption Despite Regulatory Setbacks

Startup News FYI

Startup News FYI · 1y ago

India Ranks First In Crypto Adoption Despite Regulatory Setbacks

India has claimed the top spot in Chainalysis' 2023 Global Crypto Adoption Index, marking a significant comeback from the fourth spot in 2022. The country ranks first in four of the five sub-categories, including centralised service value received, retail centralised service value received, DeFi value received, and retail DeFi value received. India's adoption index score stands at 1, while the global average is around 0.3. Despite regulatory challenges and a crypto winter, India's crypto adoption remains strong.

India joins UN committee on Big Data for official statistics

YourStory

YourStory · 6m ago

India joins UN committee on Big Data for official statistics

India has joined the UN Committee of Experts on Big Data and Data Science for Official Statistics, highlighting its commitment to using data for informed decision-making. This membership enables India to align domestic advancements with global standards in Big Data, showcasing its leadership. By integrating non-traditional data sources, India aims to modernize statistical processes, enhance accuracy, and provide real-time insights for policy-making, addressing socio-economic challenges and improving governance.

How Google Maps solved India's street name problem; Former employee explains

Livemint

Livemint · 1y ago

How Google Maps solved India's street name problem; Former employee explains

To address challenges with Google Maps in India, a global design team, led by a former Google executive Laraki, conducted on-the-ground research to understand how Indians navigate. They discovered that many Indians rely on landmarks instead of street names for directions. Google Maps incorporated landmarks like parks, monuments, shopping centers, landmark buildings, and petrol pumps into its navigation system. This approach transformed Google Maps into the dominant navigation product in India, catering to local navigation preferences and improving user experience.

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