Home Progressive Grocer Shopping Centre News – September 2022

Shopping Centre News – September 2022







SPECIAL COMBO OFFER ON PDF

• Pay Rs 4248/- and get THE INDIA FOOD REPORT 2018 worth Rs 2000/- FREE with 3 years subscription. Click here to grab offer

This product is currently out of stock and unavailable.

SKU: N/A Categories: , Tag:

Description

Festive seasons have always acted as catalysts in boosting sales and footfallsfor shopping centres. As September marks the beginning of the festive season in India, shopping malls and retailers are once again betting on sales to surge by 15-20 per cent in comparison to last year. The 2021 festive season turned out to be a lifeline for the retail fraternity, as it saw many malls and brands reaching the pre-pandemic level, in terms of sales and revenue.

Adding more to the positive news, the recent report from Knight Frank India announced that 15.5 million sq. ft. of retail space has been added across 16 malls since Jan 2020. Retail sales in Indian malls across the top 8 cities grew at a Compound Annual Growth Rate (CAGR) of approximately 3% to reach USD 8 bn in FY 2022 while in FY 2023, the potential consumption is estimated to surpass the pre – COVID-19 levels to reach USD 11 bn. The organised retail sales volume could grow at an expected CAGR of 24% between FY 2017 and FY 2022 maintaining a healthy rate of growth.

All we can say is that this year has been going to be extra special for the retail ecosystem and each and every brand across categories and domains is gearing up to welcome the new-age customer with offers, discounts and their enhanced collections. Phygital Retail Convention (PRC) 2022, turned out to be a milestone for the IMAGES Group, as we once again successfully created the platform, nurturing a successful relationship between retailers and shopping centres. And now, in this edition of Shopping Centre News, we bring you the highlights from the Grand Finale session of PRC 2022.

The cover story talks about what India’s top retailers look for in their dream shopping centre partners and on the other side, how exactly shopping centres perceive a best-fit retail tenant. In this series of match making ‘Swayamvar’, we will see retailers outlining their wishlists for the perfect destination partner. The shopping centre heads too could be vying to match their expectations in an extremely engaging banter.

You may also like…

Latest News

Swiggy

Swiggy appoints 3 independent directors on its board

The company appointed TAFE Chairman Mallika Srinivasan, Shailesh Haribhakti and Associates Chairman Shailesh Haribhakti, and Delhivery Managing Director and CEO Sahil Barua as first...
Croma opens its first outlet in Mohali

Croma opens new outlet in Mohali

The latest Croma outlet is located in sector 67 in the city New Delhi: Consumer durables and electronics (CDE) retail chain Croma opened its latest...

Research

Mobile shopping

Simplicity should be the key 2023-24 mantra, says India EAS Index Report

The EAS Index Report identifies customer pain points across their interaction with brands and shares recommendations to ease the same Bengaluru: The India Effort Assessment Score...
People prefer online shopping

73% of shoppers prefer to shop on their mobiles after visiting a store, says...

In a hybrid world, shoppers are selecting retailers that blend in-store experiences with digital conveniences built on conversational messaging New Delhi: Entering the 2022 holiday...