Market Outlook

Brands like Lifestyle, Shoppers Stop, Louis Vuitton, Arrow, Meena Bazaar, Sabhyata, and Manyavar leased spaces in malls during Q1 2019. F&B, fitness and apparel brands like Haldiram’s, CultFit, and FBB expanded their retail footprint in main street spaces in Delhi and Gurugram. 

Limited vacancy in existing malls led to a greater quantum of leasing activity on main streets during the quarter. Prominent activity by lifestyle & F&B segments was seen on the high streets of Aundh & Pimpri-Chinchwad.

Retail sales of Winter 2019 shows a 0.9% year-on-year growth, underpinned by the drugs and toiletries category, which grew a robust 2.3% y-o-y. On the other hand, the new Chinese E-commerce Law, that took effect on January 2019, imposes a stronger regulation on the domestic resale of commodities purchased overseas, which would likely impact Chinese tourists’ inbound spending in Japan.