Thursday, June 28, 2007

Is Indian retail heading for a shakeout?

NEW DELHI: Growing consumer spending may have brought about a retail boom in India, but property and logistics woes will push the industry toward a shakeout that will see several retailers, concepts and malls bowing out.

"A rapidly growing, but highly challenging retail environment will inevitably result in many losers as well as winners and two-three years down the road there could be a shakeout," Jones Lang La Salle Senior Manager (Strategic Consulting and Research) Abhishek Kiran Gupta said.......Is Indian retail heading for a shakeout?-Retailing-Services-News By Industry-News-The Economic Times

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