{"id":7265,"date":"2024-01-18T06:24:45","date_gmt":"2024-01-18T06:24:45","guid":{"rendered":"https:\/\/financeintellect.com\/home-page\/home\/?p=7265"},"modified":"2024-01-18T06:24:47","modified_gmt":"2024-01-18T06:24:47","slug":"entry-of-35-domestic-global-brands-in-tier-ii-cities-in-india-triggers-retail-growth","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/entry-of-35-domestic-global-brands-in-tier-ii-cities-in-india-triggers-retail-growth\/","title":{"rendered":"Entry of 35 Domestic &amp; Global brands in Tier-II cities in India triggers retail growth"},"content":{"rendered":"\n<p>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<p>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<p>According to data from CBRE, the brands include <a href=\"https:\/\/en.wikipedia.org\/wiki\/H%26M\">H &amp; M<\/a>, <a href=\"https:\/\/en.wikipedia.org\/wiki\/Marks_%26_Spencer\">Marks &amp; Spencer<\/a>, GAP and Tasva established businesses Indore, Mangalore, Patna, Ranchi, Mysore and Coimbatore.<\/p>\n\n\n\n<p>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<p>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":"<p>Entry of 35 Domestic &amp; 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,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":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":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Entry of 35 Domestic &amp; 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