Hot Links: The week’s India retail property news
Publish Date: July 31, 2014
Here's a roundup of what regional news organizations in India are reporting about the local retail real estate business.
• Airport expansion to boost retail — Independent Online Some 350 airports will be opened over the next 10 years across the Asia-Pacific region, including India, offering a huge opportunity for more retail development.
• Decathlon to open more bike stores — Bike Europe France-based sports chain Decathlon is increasing its presence in the country.
• Shoppers hit stores for Eid — The Times of India The Eid holiday brought consumers out in a big way in Allahabad.
• Indians love a bargain — Moneycontrol Indian consumers are very price conscious, and care little about brand loyalty, according to analysts, noting that household incomes here still have much room for growth.
• Shoppers Stop adding stores — Live Mint Shoppers Stop added two department stores to its 69 outlets across the country, and has also opened additional specialty stores, despite a drop in profits.
• Flipkart, Amazon go head-to-head — NewsFactor Flipkart, an India-based online retailer founded by former Amazon.com executives, raised $1 billion to expand its operations.
• What comes after Carrefour? — France 24 There are differing views on who and what will fill the void left by Carrefour.
• Does rudeness generate sales? — The Times of India A recent survey said rude behaviour could lead to better luxury sales.