Magazines Archives - 2010 January

Retail opportunities abound in India and China
Story 8 - Focus

India’s overall retail sector is likely to grow to US$419.93 billion by 2015, according to a recent report from the consultants at McKinsey.

Adding their own views, global real estate advisors at CB Richard Ellis say India has moved up to the 39th most preferred retail destination in the world in 2009. It was 44th in 2008. The organised retail segment’s turnover is pegged at around US$8.1 billion. It is expected to reach US$51 billion by 2010.

Retail opportunities, Technopak Advisors maintain, are slated to riseby about US$160 billion in five years. In urban India, modern retail is likely to grow from 9.6% of total retail to 26% in the next five years.

India’s retail players, both big and small, are rushing in to get a bigger slice of the expanding pie. For instance, Reliance Digital, the consumer durables arm of Reliance Retail, plans to invest about
US$22.5 million in the current fiscal to roll out 31 stores across India.

How are the key international firms responding to these developments? Geneva-based luxury watch brand Hublot, from the Louis Vuitton Group, is looking to set up exclusive brand boutiques in the country this year.


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2010 Jan Stories:

APEC Summit: Looking beyond economic recovery; charting a new growth paradigm ... Part 2: What could go wrong for Asian retailers?

JIA bedazzles with its tableware and furniture shopping experience

Record number of int’l exhibitors and quality buyers at FHC China 2009

Annapoorna – World of Food India serves as a platform for the Indian F&B market

ISM celebrates 40th edition with big birthday bash in Cologne

Malaysia’s retail leaders upbeat on year ahead

Singapore’s recovery augurs well for retailers in 2010

Retail opportunities abound in India and China

Thailand’s retail sector all set to bounce back in 2010

Philippines’ resilient retail industry hopeful of a better year

New report predicts Indonesia’s retail revenues to double by 2014

Exciting times ahead for Singapore’s retail property sector

Bangkok coffee chain steps up overseas expansion

Amazon to expand operations in Asia-Pacific region

Retail tech professionals leverage social media

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