Malls object to retail stores promoting their online business

India’s biggest malls are pressing brands such as Uniqlo for minimum guaranteed payments rather than pure revenue-sharing deals for retail space, people aware of the matter said. That’s a change from a year ago when the malls were going all out to woo Zara and H&M, two of the hottest brands, with the lowest possible revenue-share pacts and throwing in free fitouts and other largesse, they said. The latest … Continue reading Malls object to retail stores promoting their online business

Zara leases largest retail space by foreign brand in India

In the largest ever space transaction by any international retailer on high streets across the country, Spanish fashion chain Zara has picked up 50,000 sq ft carpet space in South Mumbai’s most prime location of Flora Fountain, said two persons familiar with the development. The world’s biggest fashion retailer has leased the space on the ground floor of Ismail Building diagonally opposite HSBC’s India head … Continue reading Zara leases largest retail space by foreign brand in India

Khan Market most expensive retail spot in India, 4 others from Delhi-NCR in top 10

Half of India’s 10 most expensive retail micro-markets are in the Delhi-National Capital Region, with Khan Market remaining the costliest location to rent a shop, a Cushman & Wakefield report said. In the global ranking, however, Khan Market slipped two spots to 28. New York’s Upper 5th Avenue continues to remain the world’s most expensive retail location, followed by Causeway Bay in Hong Kong and … Continue reading Khan Market most expensive retail spot in India, 4 others from Delhi-NCR in top 10