Home / Knowledge / News / Apparel/Garments / Retailers bank on high-streets for expansion
Retailers bank on high-streets for expansion
15
Apr '10
As retailers prepare for a short-term break in supply of mall space next year, they are currently targeting high-ranking streets, such as Connaught Place in New Delhi, Linking Road in Mumbai, CG Road in Ahmedabad and Brigade Road in Bangalore, as possible locations to set up retail or chain stores.

Between October 2011 and March 2013, when property analysts anticipate a fall in mall expansions, retail outlets such as Madura Garments, Shoppers Stop, United Colors of Benetton (UCB), Reliance Retail, Arvind Brands and others, intend to further enhance their presence in the high-ranking streets and associate their brands with multiplexes to continue with their expansion plans.

Analysts anticipate a fall in mall expansions as, within the last two years, retailers pulled back their lease contracts and rentals crashed owing to the global economic meltdown. Due to this several projects were cancelled by developers. This forced retailers to foray into other modes of expansion plans.

However, due to limited availability of high-street properties, a lot of changes in the commercial infrastructure could possibly be made during the construction phase, wherein for example, the first and second floors could also turn into retail stores along with the ground floor.

It is likely, that during the period under consideration, developers will be pressed, to pull down old buildings or theatres making way for retail stores, so as to meet the high-street demands.

While Benetton intends to expand its current stores in smaller cities and other metros, Shoppers Stop plans to associate itself with multiplexes, following the success of its store at Juhu in Mumbai, as it helps them draw larger number of customers.

Stores such as Madura Garments, Reliance Retail and Arvind Brands are betting on high-streets. Infact stores such as Madura that owns brands such as Van Heusen, Allen Solly and Louis Philippe, are sure of locating stores of about 1,000 – 3,000 square feet on high streets.

High-street expansion costs could be heavy on retailer's pockets in comparison to opening a store within a mall as availability of space within malls, better infrastructure such as parking facilities, and lower store rentals will play the guiding factor in setting up the store within a mall.

A retarded pace of retail expansion during the period when mall supply will drop, is anticipated, due to which experts predict that, smaller retail stores are likely to face more pressure as the growth of a well thought-out retail plan is dependent on inexpensive real estate properties.

Fibre2Fashion News Desk - India

Must ReadView All

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

RBI Governor Urjit Patel and other officials addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

RBI withdraws the incremental CRR from Dec 10

The Reserve Bank of India (RBI) has decided to withdraw the...

Textiles | On 7th Dec 2016

‘Price-competitiveness is crucial for China yarn market’

Kikani Exports, India based yarn supplier with 12 years of experience ...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search