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Tier 1 vs Tier 2 Cities: Where Should I Open My First Store in India? 🤔 I'm exploring whether to launch my first store in a Tier 1 city (like Mumbai or Delhi) for its larger market and infrastructure, or a Tier 2 city (like Pune or Jaipur) for lower costs and less competition. Which option do you think offers the best potential for growth? Would love to hear your thoughts! 💬👇 #RetailStrategy #IndiaMarket #BusinessGrowth

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Our new factory in Kolkata

𝐉𝐞𝐰𝐞𝐥𝐛𝐨𝐱 𝐨𝐩𝐞𝐧𝐬 𝐧𝐞𝐰 𝐬𝐭𝐨𝐫𝐞 𝐢𝐧 𝐆𝐮𝐫𝐮𝐠𝐫𝐚𝐦 According to a report, Lab-grown diamond brand Jewelbox has opened its latest retail store in #Gurugram. This was followed by recent launches in Delhi, Chennai, Kolkata, and Guwahati. Jewelbox plans to establish 25 new stores across tier 1 cities by the end of FY 2025-26. “Our expansion into Gurugram is about more than opening another store. It’s about creating a destination for customers who value sustainability and innovation in luxury,” said Vidita Kochar Jain, co-founder, Jewelbox. “Lab-grown diamonds represent the future, and we are proud to lead this transformation by empowering consumers to make responsible choices without compromising on style or quality. This store embodies our commitment to delivering a world-class experience with designs that are both meaningful and timeless.” Jewelbox is not only focusing on physical retail but is also enhancing its online presence, aiming to drive 30% of its overall revenue through digital channels. #FirstLease #Jewelbox #LabGrownDiamonds #RetailSpace #NewStore #LuxuryJewelry #DiamondJewelry #StoreLaunch #NewStoreOpening #RetailNews 𝐑𝐞𝐚𝐝 𝐦𝐨𝐫𝐞 https://lnkd.in/g5RP3aWW

🌟 **Exploring the Most Expensive Shop Rentals in India** 🌟 As the retail landscape evolves, certain locations in India stand out for their premium rental prices. Here’s a snapshot of the most expensive shop rentals across the country, showcasing the hotspots where businesses thrive: 1. **Khan Market, New Delhi** - ₹1,43,000 per 100 sq. ft. 2. **Connaught Place, New Delhi** - ₹1,00,200 per 100 sq. ft. 3. **Galleria Market, Gurgaon** - ₹95,400 per 100 sq. ft. 4. **Linking Road, Mumbai** - ₹76,300 per 100 sq. ft. 5. **Park Street, Kolkata** - ₹56,300 per 100 sq. ft. 6. **Fort, Mumbai** - ₹47,700 per 100 sq. ft. 7. **Kemps Corner, Mumbai** - ₹45,300 per 100 sq. ft. 8. **Brigade Road, Bengaluru** - ₹38,200 per 100 sq. ft. 9. **Vittal Mallya Road, Bengaluru** - ₹35,300 per 100 sq. ft. 10. **MG Road, Pune** - ₹28,600 per 100 sq. ft. These figures reflect the high demand and strategic importance of these locations for businesses aiming to capture foot traffic and brand visibility. 💡 **Key Takeaway:** Investing in retail space in these prime areas can yield significant returns, but it’s essential to weigh the costs against potential revenue. What are your thoughts on these rental prices? Are they justified by the location's potential? Let’s discuss! 💬 #Retail #RealEstate #Business #India #ShopRentals #MarketTrends

#Leather brand H&S has launched its first flagship store in #Bengaluru, located on Richmond Road. Currently, H&S has a #retail presence across cities such as Chennai, Mumbai, Hyderabad, Delhi, Ahmedabad, Pune, Chandigarh, Bengaluru, and Vijayawada. Click on the link below to know more... #newstore #leatherproducts #retailindustry #retailgrowth #retailing #businessgrowth #Indianretailmarket #retailresults #retailupdates #retailsectornews #businessnews  #retailbusiness #ir #IndiaRetailing

Reliance Retail's Tira has recently inaugurated its first store in North India, marking its 10th store nationwide, at DLF Avenue in Saket, the retail hub of the capital city. This launch represents Tira's expansion into the northern region of the country following successful openings in Mumbai, Hyderabad, Chennai, Bengaluru, and Pune, catering to beauty enthusiasts. The store showcases an exclusive collection featuring globally recognized brands like Allies of Skin and the popular K-beauty brand, Blessed Moon, among other prestigious names, offering customers a diverse and exceptional array of products. Similar to other Tira outlets, the Delhi store seamlessly integrates technology to provide an immersive and interactive shopping experience. Moreover, the store features Smart mirrors and tools with augmented reality capabilities that allow customers to virtually try out products before purchasing. A notable attraction is the vending machine dispensing complimentary beauty treats and samples, allowing patrons to bring a touch of glamour home. Follow us here at NKG Advisory Business & Consulting Services Pvt. Ltd. for more intriguing content on Compliance, Regulatory services, and consulting for D2C brands visit our website www.nkgabc.com to know more To start your registration process: Email- navraj@nkgabc.com or call 9711197602 Source - https://lnkd.in/gCa_Z8Ra #tech #Easy #medicine #IndiaManufacturing #regulatory #compliance #regulatory #food #NKGadvisory #insights #Product #Registration #productregistration #Compliance #Journey #news #linkedinnews #Business #Success

Retail dynamics - Beyond city classifications. If Mumbai is a metro city, there are locations within Mumbai that exhibit both metro and tier 1/2 behavior. If Ahmedabad is a tier 1 city, there are locations within the city that exhibit both metro and tier 1/2 behavior. India’s cities are diverse, and retail dynamics can vary significantly even within the same city. - Bangalore: Koramangala/Indiranagar stand out for their metro dynamics with high-end retail, whereas Whitefield/Kamanahalli often show a mix of Tier 1 and Tier 2 consumer preferences. - Mumbai: Kala Ghoda/Juhu/Hiranandani Powai/AndheriW show typical metro behaviors, focusing on premium brands, while Borivali/Mulund/Kurla lean towards value-driven Tier 1/2-like preferences. - Kolkata: Park Street reflects metro sensibilities, while New Market/Lindsay street cater to Tier 1/2 like preferences. - Hyderabad: Banjara Hills/Jubilee Hills display metro behavior with premium and upscale products, while areas like Ameerpet/Dilsukhnagar lean towards Tier 2 shopping habits. - Lucknow: Hazratganj reflects Tier 1 behavior, offering aspirational products, while Alambagh serves a Tier 2 audience with a focus on affordability. - Ahmedabad: CG Road represents Tier 1 preferences, while Naroda mirrors Tier 3 habits. - Delhi: Khan Market/CP cater to luxury consumers, while Karol Bagh/Rohini/Pitampura skew towards more value for money behavior. - Pune: Koregaon Park thrives with metro-style retail, while Hadapsar/Pimple Saudagar reflect a mix of Tier 1 and Tier 2 traits. Going slightly more hyperlocal helps —planning assortments by MRP, category, fashionability (basic/fashion/high fashion), consumer behavior etc. #Retail #ConsumerBehavior #IndianMarket #RetailStrategy #Localization

How Main Streets are Altering the Indian Retail Landscape?   Retailers in India are favoring main streets over malls for new store openings, with 70% of leases in Q2 2024 in high street locations due to fewer new malls and high demand for premium spaces. Cities like Kolkata, Bangalore, Hyderabad, and Mumbai have seen significant rent increases on main streets. Mall vacancies have decreased in Delhi NCR, Bengaluru, Pune, and Ahmedabad, showing strong demand for top retail spaces. Grade-A malls are expected to add about 4.5 million square feet of new space in the second half of 2024, especially in Mumbai. Domestic brands, particularly in fashion and F&B, dominate leasing activity at 53%. This trend aligns with location-based marketing strategies to enhance visibility and meet consumer preferences for convenient, engaging shopping experiences. #marketing #streetshopping #indianretail #m360 Visit us at: www.marketing360.in Instagram: marketing360.in Twitter: OfficialM360 Facebook: @marketing360 Source link: https://bit.ly/4cyOgO9 Content Credits: Aanchal Chauhan

Investing in retail commercial space in Gurgaon can be highly profitable Several factors: 1. Prime Location: Gurgaon is a major business hub with high footfall, making it ideal for retail investment. 2. High ROI: Retail spaces in prime areas like Golf Course Road, Golf Course Extension Road, Cyber City, and Sohna Road offer excellent rental yields and property appreciation. 3. Growing Consumer Base: With rising disposable incomes and urbanization, demand for premium retail outlets is increasing. 4. Infrastructure Development: Upcoming projects like metro expansions and road improvements enhance connectivity, boosting the value of commercial spaces. 5. Long-Term Tenancy: Retail tenants, especially established brands, often sign long-term leases, ensuring stable income. 6. Diversified Market: Gurgaon caters to varied retail sectors, from luxury brands to local businesses, allowing for flexible investment options. Investing in retail space in Gurgaon promises significant returns and growth potential. #RetailInvestment #GurgaonCommercialSpace #RealEstate #InvestmentOpportunity #HighROI #UrbanDevelopment #PropertyInvestment