Retail store expansion picked up momentum in February with the number of store openings rising by 23% to over 76 new stores, including shop-in-shops compared to the previous month, as per the data compiled by IndiaRetailing Insights, a retail intelligence unit. This has been the highest number of store additions in the last three months with December witnessing over 48 new stores and January seeing 62.
Region-wise
Like the previous two months, North India fared better than the rest of India in February as well with 24 new stores followed by South and West with 23 stores each. New stores in the East remained in the range of 1-5, although the retail scene in the North East steadily heated up.
The newly-opened stores are in Surat, Bengaluru, Hyderabad, Noida, Kozhikode, Kolkata, New Delhi, Jodhpur, Murthal, Vashi, Pune, Latur, Nashik, Mumbai, Gurugram, Visakhapatnam, Jaipur, Guwahati, Ahmedabad and Lakhimpur.
Geographically, Bengaluru led the numbers with almost 12 new stores followed by Mumbai with nine, Delhi with eight, Pune and Hyderabad with seven each and the Delhi-NCR region with six new stores.
Active brands
Denne historien er fra March 2024-utgaven av Images Retail.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra March 2024-utgaven av Images Retail.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
McDonald's The Maharaja Mac Of Transit Retail
While McDonald’s serves as a great example of successfully Indianising a global brand, it is also an insightful case study in strategically making transit retail work
Founders, Market are Key for D2C Investors
Investors and brands across the retail landscape are the crucial factors considered when raising funds
Powering Consumption Growth India's Home and Household Market Report
The report from Deloitte India projects that India’s home and household market is witnessing strong demand, particularly in tier 2 and tier 3 cities that are emerging as growth hubs
Tech Infra Readiness Among Top Challenges in GenAI implementation
Tech infrastructure readiness is one of the top three challenges organisations in the technology, media, and telecom (TMT) sector face when implementing Generative AI (GenAI) solutions, a report stated.
Amazon India Introduces AI Chatbot Rufus Ahead of Festive Sale event
E -commerce major Amazon India launched a new generative AIpowered conversational shopping assistant, Rufus, ahead of the start of its festive sale event.
'Fusion of Art and Commerce Helps Virtuous Retail Create Culturally Rich Shopping Environments'
Sumi Gupta, board member of VR South Asia, who spearheads all things art and culture at the group, talks about the unique approach of curating art festivals in retail spaces to foster a deep community connection and drive commerce
Jumboking's Travel Retail Journey
About 95% of Jumboking's outlets are positioned at busy transit hubs benefiting from the high foot traffic these places enjoy
What's Driving the Success of Electronics on Q-commerce
Electronics are among the hottest selling items on q-commerce. Here's what's driving the trend and why the collaboration is a win-win for all stakeholders
Measuring the Influencer Effect
Influencer marketing has become a core part of every brand's marketing. But does it really benefit brands?
Mid-range Smartphone Users Lead in Premium Product Engagement
The study, conducted by Bobble AI’s Market Intelligence division, delves into the online shopping behaviour of smartphone users