We at IMAGES Group have always stated that the mission of IRF is to be a retail catalyst connecting businesses, people, knowledge and ideas for the pro Ć table growth of modern retail. Towards this end, we brought together the best minds in the retail and retail real estate sectors at India Retail Forum (IRF) 2017 in September. Their mission was to determine whether a radical change in approach is required to draw the consumer towards brick-and-mortar again, and to understand whether e-commerce is a friend or a foe to traditional retail.
India’s leading retailers, shopping centre developers, realty consultants, analysts congregated at IRF 2017, to take stock of the transformation in Indian retail and to figure out how to provide premium malls and retail spaces for the discerning Millennial.
In the October-November issue of Shopping Centre News, we bring you the discussions, perspectives and viewpoints of the speakers and analysts on the opportunities and challenges related to the retail realty sector.
Leaders in the retail realty and mall management space also examined whether India – which was in 2006 The retail destination for global players – still deserves the label. Since 2006, the sector has seen interest and disinterest, investment and purse tightening, massive growth and recent consolidation and even major tax reforms. Is the current euphoria driven by consumer sentiments, government decisiveness and global interest here to stay?
Over the last decade, the unprecedented growth of consumption in India has driven an explosive expansion in retail and retail real estate industries. What are the facts that really support India being one of the foremost destinations for retail investment? What is the future of the shopping mall in a growing smartphone driven shopping environment?
In this issue, we tell you how India has blossomed into an attractive retail destination, what are some of the challenges that global retail giants face when entering the country and their expectations of market expansion.
We also tell you how Indian retail real estate property players are proactive in understanding the need of global brands and retailers and delivering quality space to suit these needs.