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It’s A Great Time To Be A Premium Mall Owner In India
Uniqlo adds to the problem of plenty, leaving mall owners smiling.
03 Oct 2019, 10:08 AM IST
As the Japanese fast-fashion retailer Uniqlo opens its first India store in a tony neighbourhood of New Delhi, one more big name will jostle for premium retail space that is short in supply. The nation’s top mall owners will be smiling.Developers have been lowering lease tenures and increasing rents at a faster pace, causing a brand churn, BloombergQuint’s conversations with developers and retailers revealed. According to a June repo...
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