Modern retail to touch Rs1,71,800 crore by 2019: Report

Penetration of modern retail is expected to see a substantial rise from the current 19% to 24% in three years as per the report jointly authored by Knight Frank India and RAI
Adidas CPA

These six markets include NCR (national capital region), Mumbai, Chennai, Bengaluru, Pune and Hyderabad.

Netmeds IN INTMoreover, with initiatives like foreign direct investment (FDI) retail policy and state-level retail policies where “government is taking up the role of a facilitator to create an environment conducive to the retail business” has further helped the cause.

While brands like GAP, Woodland and Bestseller India-owned Jack & Jones, Vero Moda, Only & Selected Homme are following the same strategy, there are others like Swedish fast-fashion brand Hennes and Mauritz AB (H&M) who have decided to focus on just offline stores right now.

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