Premium retail -Is India ready ?
March ie the last month was an extremely bad month for most premium retailers in India ,inflation( of late may be ) ,the share market crash , the sudden question on the Indian economy growth rates , the dollar pressure on the Indian rupee ( lower spends from the IT employees as most of them are worried abt their jobs currently ! ) has all led to a Big Worry among premium retailers in India on the following:: i) Customer Spends ::and its all evident ,speak to brands and they tell u the struggle of getting customers in to their section /stores , everyone is worried . ii) Space Spends ::there is a slow down message given by most premium retailers on space acquisition , the Indian space rush is surely slowing down , retailers are pausing and using this as an opportunity to look back at the trails created and the clean up needed .Retailers are quickly realising the need to drive operational efficiencies and saying No to the Retail space Rush iii) Change of Business model or stop ! :: Thi...