The Rise of Premium Retail Spaces: Brands Prioritize Experience-Driven Stores

India’s retail landscape is evolving rapidly, with brands focusing on premium, experience-driven shopping destinations. With 60 new malls set to open by 2025 and industry growth projected at 9% annually, retailers are integrating advanced technologies like AI, AR/VR, and omnichannel strategies. Industry leaders emphasize the growing importance of interactive and storytelling-based retail environments to attract high-end consumers and enhance brand engagement.

Retail Expansion in Tier II and III Indian Cities Set to Exceed 25 Million Sq. Ft. by 2029

A recent JLL report reveals that Tier II and III cities in India are on track for a retail expansion exceeding 25 million square feet by 2029. With North India leading the charge, this growth is fueled by increasing consumer demand, strategic land acquisitions by developers, and rising retailer confidence. Notable brands are entering these markets, marking a significant shift in the retail landscape.

5-million retail jobs at stake if malls don’t open soon

5-million retail jobs at stake, first impact could be seen as early…