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Bangalore Retail boom a myth?
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E-mailMade Popular Sep 9 2008
India :
Is the Indian retail boom growth less than hoped for? Or are we expecting results too soon? Read on to know the answers
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Nishi Roy
Sep 4 2008
Bangalore,
India
Personally I think that too many Malls are close to each other...and thanks to luxury tax in India, some products are way more expensive than other countries...who wants to pay 20% more?
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(Local Perspectives)
thee article reads ”The Indian consumer is a damn tough customer.” lol..
when middle class constitutes the basic chunk of Indian population, you think anybody’s going to pay freaking 3k-10k for a French Connection Dress, which otherwise looks so simple that if you told anyone that it had cost you a fortune, they wud laugh at ur face..
when middle class constitutes the basic chunk of Indian population, you think anybody’s going to pay freaking 3k-10k for a French Connection Dress, which otherwise looks so simple that if you told anyone that it had cost you a fortune, they wud laugh at ur face..
(Local Perspectives)
@yeah, but what makes the likes of Stella Mc Cartney open stores in India? They think that Indians are ready to splurge on a dress which costs 8-10 k?
(Local Perspectives)
Agree with u Ruchi. And Nishi, though the likes of Stella Mc Cartney and Louis Vitton have made a foray into the Indian market, the affordabilty is a big question and they are way beyond the middle class as such. But I agree that Bangalore has become chock-a block with malls... whether the reality boom is a myth or reality only time will say!
(Local Perspectives)
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