CII in association with their Knowledge Partner, CBRE released a report on ‘What Makes Delhi’s Retail Market Tick?’ against the backdrop of the Delhi Retail Summit 2015 organised by CII on 31 July, 2015 at New Delhi.
Over the past twenty years, Delhi has evolved from being the chief political center to a major hub for retail and other services industries. The retail landscape in Delhi and its evolution is examined. Further, the report discusses as to what makes leading malls in Delhi tick and what strategies can be adopted by malls to remain relevant in an ever changing retail market. The emergence of Delhi as a base for entry and expansion activity of global retailers in the country is also highlighted.
Current trends in the Food and Beverage (F&B) sector in Delhi are presented. Additionally, the tremendous growth opportunities available to F&B operators in the city along with its challenges are discussed. The rising importance of empowering brands and shoppers through technology is also examined. The study describes that while online retailers are reliant on the use of technology for their businesses to grow, even brick & mortar stores are adopting technology to be an integral part of their business model.