NEW DELHI: New Delhi has retained eighth position among Asia Pacific's top retail hotspots, according to an assessment of established and emerging retail markets in the region.
Global property consultancy CBRE examined how many new retail entrants there were in 2014 and found New Delhi attracted 19 global retailers.
Meanwhile, with 11 entries, Mumbai retained its fourteenth place in its rankings alongside Brisbane in Australia, in a list that concentrated on the emerging markets of India, China and Southeast Asia.However, the established market of Tokyo attracted the highest number of new retail entrants (63), followed by Singapore (58), Taipei (49), Hong Kong (45) and Beijing (34).
Overall, the region had 464 new retail entrants last year, up 23% from 2013, and US retailers made up almost a quarter (24%) of the total. British and Italian retailers accounted for 11% each followed by French retailers with 10.5%.
"We are expecting a growth in retail sales across the region in 2015, albeit with a more cautious approach from retailers," said Anshuman Magazine, chairman and managing director of CBRE South Asia.
"In terms of retail segments, we expect food and beverage to remain the most active," he added. "Consumers in the region thrive on new concepts, with landlords keen on creating shopping destinations by offering more dining options."
Global property consultancy CBRE examined how many new retail entrants there were in 2014 and found New Delhi attracted 19 global retailers.
Meanwhile, with 11 entries, Mumbai retained its fourteenth place in its rankings alongside Brisbane in Australia, in a list that concentrated on the emerging markets of India, China and Southeast Asia.
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Overall, the region had 464 new retail entrants last year, up 23% from 2013, and US retailers made up almost a quarter (24%) of the total. British and Italian retailers accounted for 11% each followed by French retailers with 10.5%.
"We are expecting a growth in retail sales across the region in 2015, albeit with a more cautious approach from retailers," said Anshuman Magazine, chairman and managing director of CBRE South Asia.
"In terms of retail segments, we expect food and beverage to remain the most active," he added. "Consumers in the region thrive on new concepts, with landlords keen on creating shopping destinations by offering more dining options."
Data sourced from Economic Times; additional content Warc staff
