Images Retail - March 2020

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The retail scenario in India has bowed to the mighty shopping centre. The mall industry has moved beyond retail, transforming what were earlier simple shopping hubs into community engagement spaces providing a holistic experience of entertainment, food, shopping, and leisure to the connected consumer of today. People come here to relax and rejuvenate their energies and spend quality time with family and friends. As locations for malls in metros are maturing rapidly, brands and developers hoping to expand are eyeing unexplored territories to capitalise on the growing demand. Uncharted territories like Tier II and beyond – which are plagued by a lack of entertainment options as well as organised retail – are ripe grounds for new malls. IMAGES Retail’s March 2020 Edition studies the expansion graph of malls, noting that the arc extended to towns and cities in Non-Metro India. The issue’s cover story found that non-metros like Ahmedabad, Jaipur, Ludhiana, Indore, Chandigarh, Bhopal, Surat, Amritsar, Nagpur and Lucknow have accommodated a healthy percentage of retail growth and that 31 malls over 13.5 million sq. ft. will come up in these cities by 2022.