Indian Economy News

Retail sector sees robust recovery in Apr-Jun; leasing activity strong: Report

  • IBEF
  • July 27, 2022

According to a real estate consulting firm CBRE, India's retail industry recorded strong transaction activity in the second quarter of 2022, spurred by a rebound in consumer physical visits.

Additionally, the sector experienced 1 million square feet of leasing activity in the second quarter of 2022, an increase of roughly 118% QoQ and approximately 363% YoY.

The share of fashion and apparel retailers participating in leasing activities decreased in the second quarter of 2022 from 41% to 38%, whereas homeware, department stores, and the entertainment sector saw increases over the same period. F&B players continued to operate at levels similar to those from a year ago.

In order to ensure long-term success and increase in the consumer base, retailers are likely to keep concentrating on resizing, rightsizing, and relocating their stores.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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