Domestic and Global brands flocked last year to Tier-II cities as E-commerce boom, growing Tech-savvy consumer base and surge in discretionary purchasing to cater to the population growth are redefining the retail growth in the country.<\/p>\n\n\n\n
About three dozen domestic and global brands set up their business in 14 Tier-II cities in the first three quarters of 2023 to cater to the retail demand from smaller cities even after the pandemic.<\/p>\n\n\n\n
According to data from CBRE, the brands include H & M<\/a>, Marks & Spencer<\/a>, GAP and Tasva established businesses Indore, Mangalore, Patna, Ranchi, Mysore and Coimbatore.<\/p>\n\n\n\n Most of the Tier-II cities have already established business hubs and Malls. These cities are now witnessing growth of multi-nationals and start-ups in their areas.<\/p>\n\n\n\n Total retail stock in these 14 Tier-II cities amount to 29 million square feet as on September 2023. Jaipur, Lucknow and Chandigarh each are having retail stock ranging between 3 to 7 million square feet. There are many Malls and Street Markets in these cities.<\/p>\n","protected":false},"excerpt":{"rendered":" Entry of 35 Domestic & Global brands in Tier-II cities in India triggers retail growth<\/p>\n","protected":false},"author":3,"featured_media":7266,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[80,31,2745],"tags":[4457,1060,842],"class_list":["post-7265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brands-lifestyle","category-news","category-technology","tag-ecommerce","tag-ecommerce-sector","tag-retail"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t