Studies validate, that India’s retail sector accounts for about 14 to 15 per cent of the country’s GDP; and employs about 40 million people. With the opening up of the economy, India features high on the list of priority markets for several international luxury retail brands. There is also a hot debate regarding the issue of FDI. However, it goes without saying that lifestyle retail is the next big thing, and retail spaces are much in demand.
With retail shopping outlets sprouting across cities, retail management and design is now a specialized field altogether. Virtuous Retail, a unit of The Xander Group Inc., a global leading emerging markets investment firm, is a pioneer in retail management and leasing. With a focus on developing prime zones as commercial hubs and neighbourhood shopping centres, Virtuous Retail also offers services like research, finance, planning, marketing and mall operations, retail space for rent, consumer experience design, and tenant relationship management.
In today’s competitive scenario, it is not enough to provide build retail shopping outlets or give out commercial space on lease. The success of neighbourhood shopping centres depends on crucial factors like right tenant mix to address market gaps, extensive market knowledge, and cost-effective operations for a mutually beneficial and successful relationship between the tenant and the owner. This is where companies like Virtuous Retail bring in their expertise. For example, if a shop is under-performing, then Virtuous Retail would provide in-depth recommendations based on exhaustive market intelligence. Based on these recommendations, the mall can increase lease savings; and the under-performing store can negate losses to a certain extent. This is an example of tenant relationship management that is a forte of Virtuous Retail.
With increased competition, it is imperative that the neighbourhood shopping centre offers a unique engagement proposition to attract footfalls. Whether it is restaurants, entertainment options for weekend crowds, or a quality mix of daily requirements, the mall has to offer a solid consumer experience to make it a popular destination. This is where consumer experience design comes in.
So, what makes Virtuous Retail an ideal partner?
* In-depth local market knowledge
* Strong marketing strategies
* Cost-effective and sustainable mall operation services
* International design benchmarks
* Global experience
In addition to Virtuous Retail’s specialized services, the company’s pan-India portfolio of premium retail space for lease comprises impressive locations in key cities like Surat, Bengaluru, Kolkata, Pune, Mumbai and Udaipur.
So for lifestyle retail and luxury retail players looking for retail space on lease, Virtuous Retail is a perfect partner.
Read more visit websites: http://www.virtuousretail.com/