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.


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alibaba.com 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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