“ NCR-Delhi and Mumbai continue to remain lucrative markets” – Shubhranshu Pani, Joint MD – Retail, JLL

RAI JLL Report “Retail Realty in India: Evolution & Potential” explains the trends in Retail Real estate across emerging markets globally – and emerging retail real estate trends in Tier 2 India.

Emerging Asia

• rising economy
• rising income
• rising retail opportunities
• Full text of the Report @ www.rls.net.in/knowledge_zone.html

GDP Growth of Emerging Asia, US and Euro Area

Emerging Asia’s demography – an “endowment” for retail

Faster rise in income and youth population together aids growth of organised retail

India is at the cusp of this organised retail revolution

Trend in Emerging Cities

Polarisation of Vacancy in Indian Cities

Vacancy is higher in average or poor grade malls in India

Higher vacancy rates in NCR Delhi and Mumbai are due to poor occupancy or very high  vacancy rates in average and poor grade malls. A lower vacancy rate in superior grade malls compared to average and poor grade malls indicates an underlying trend of consumers increasingly favouring good-quality malls that offer better lifestyle and entertainment  facilities

Key Takeaways

• Amongst emerging retail cities of Asia, Indian cities suffer from highest vacancy rate
• As of 2013, all cities witness a rise in Market Potential, while few have also gained in Maturity
• Improving infrastructure, in-migration of working-age population, quality mall space availability are key drivers  for lucrative markets
• Increasing migration of people, rise in commercial activities, good infrastructure, and rising per-capita income act in favour of Ahmedabad and Chandigarh and make them the most promising destination for retail, both in terms of Market Potential and Retail Maturity.
• Rising Consumerism → High level of growth
• Improving infrastructure, in-migration of working-age population, quality mall space availability are key drivers  for lucrative markets

CHICAGO (January 6, 2014) – The International Home + Housewares Show and International Housewares Association (IHA), the global sponsors and organizers of the gia (Global Innovation Award) program, today announced the national gia winners of 2013-2014 – including 23 innovative and unique home and housewares retailers from 22 countries around the globe.

The IHA and International Home + Housewares Show created the gia program in 1999 to foster innovation and excellence in home and housewares retailing throughout the world. The competition is structured on a two-tier level, national and global, to honor independent and multiple location home and housewares retailers for excellence in several business categories:

• Overall mission statement, vision and strategy
• Store design and layout
• Visual merchandising, displays and window displays
• Marketing, advertising and promotions
• Customer service and staff training
• Innovation

Each national gia winner is invited to the International Home + Housewares Show in Chicago where the global gia jury, consisting of four experts representing Asia, Europe and the Americas, plus a rotating group of co-sponsoring trade publication editors from around the world, will select up to five gia Global Honorees and the winner of the Martin M. Pegler Award for Excellence in Visual Merchandising.

During the 2014 International Home + Housewares Show in March, the winners are honored at a festive awards dinner, where the 2013-2014 gia Global Honorees and the winner of the Martin M. Pegler Award for Excellence in Visual Merchandising will be announced. Other gia highlights at the International Home + Housewares Show include a gia showcase in the Hall of Global Innovation, in Lakeside Center Lobby, where visuals of the national gia winners’ award-winning store design and branding ideas, examples of exquisite visual merchandising and innovative displays are on display. Banners for the honored retailers can be seen in the walkway that connects the Grand Concourse and the Lakeside Center.

gia is more than an awards program. Representing retailing excellence around the world, it is part of a larger education initiative that includes seminars by retail experts, columns in international housewares publications and educational sessions at events in sponsors’ home countries. Part of gia’s educational offering, on March 17, Martin M. Pegler, together with the other gia Expert Jurors, will conduct a special session in the Innovation Theater of the 2014 International Home + Housewares Show, with topic Creating the Store’s Brand Identity.

For more information about the gia (Global Innovation Award) program, the co-sponsors, or participating in 2014-2015, contact Piritta Törrö at piritta.torro@inspir edconnection.fi. Additional information on the gia program is also available online at www.housew ares.org/gia.