Most foreign retailers entered India via online sales channels this fiscal - Feedback

Since the beginning of this financial year, 32 foreign fashion retailers have entered the Indian market via the online route while 22 have chosen to set up stores in the country, according to a report by property advisory firm CBRE.

Most of the brands which opted to set up stores did so in Mumbai and Delhi, the report said. Of the online retail entrants, as many as 44%, are from the UK. The supply of retail space has grown 103% compared to the previous fiscal to 3.6 million sq ft. Delhi remains the prominent retail destination, with 85% of entrants setting up shops in the national capital, according to the report on organised retail market in India in 2015.

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *