Mall Talk Issue July - 01 - Scai.in

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S CA IIssue-06 l Vol-04 l July 2013Shibu Philips, Business Head, Lulu Mall on “Impact Of Sales On RevenueShare Deals”In the case of revenue share, an increase of 40 per cent is seen is the revenue duringsales. But in most cases, at the time of signing the revenue share deal itself, a lesserpercentage is agreed upon as the revenue share during the sales period.Sale is a global norm and provides an opportunity to customers to meet their aspirationswith regards to shopping. Several brands which the customers felt were out of their reachotherwise, becomes affordable to them during the sales period.As far as mall rentals are concerned, what needs to be understood is that malls are notonly about fashion. There are several other categories like the hypermarkets, movies,electronics, entertainment and food which are not sales related. These categoriescontribute majorly to the revenue of the mall. Fashion mainly attributes to a planned purchase unlike othercategories.Shibu Philips,Business Head, Lulu MallEVENT TALKSCAI Organises Networking Events In Collaboration With ICSCIn the wake of the exciting development of Shopping Centres Association Of India's (SCAI) tie up with theInternational Council of Shopping Centers (ICSC); the two industry bodies have pledged to work togetherto provide education, advocacy, research and networking opportunities for the retail real estate sector inIndia. This collaboration will see development of publications, workshops, programs and events.One of the first set of events has been lined up from July end till 1st week of August, 2013 across the citiesof Bengaluru, New Delhi and Mumbai.The Networking events will include lively panel discussions amongst Industry leaders, followed by a cocktailreception where one can meet the speakers and network with industry colleagues. For details see box.City Date and Time Venue For RegistrationBengaluruJuly 30, 2013 at 5:30 pmOakwood PremierPrestige, UB Citywww.icsc.org/2013S46New Delhi – NCRAugust 1, 2013 at 5:30 pmThe Westin Gurgaonwww.icsc.org/2013S47MumbaiAugust 6, 2013 at 5:30 pmThe Westin GardenCity, Goregaon (E)www.icsc.org/2013S48These events are designed to spread awareness about the collaboration and the information on benefitsof membership, education, advocacy, workshops, certification and research for the Indian sector.Participants of the event will discover what has been planned for the coming year, including detailsabout our first-ever Educational Seminar in November.For further details you can get in touch with Ms.Christabelle Flanhardt at cflanhardt@icsc.org.BackNext
S CA IIssue-06 l Vol-04 l July 2013TRADE TALKGovt. Likely To Ease Sourcing NormsIn what is bound to be welcome news for the Indian retail sector, it islikely that the government may dilute the mandatory sourcing andinvestment guidelines for foreign retailers who are interested inentering the Indian market.It is also likely that the government may give states the freedom torelax the minimum 10 lakh population threshold.This is another attempt of the UPA government to woo foreign retailchains after it gave its go ahead to foreign supermarkets to invest inIndia last year. However, despite the government's effort, noinvestment came in due to lack of clarity on sourcing norms as well as the state governments having the final say inallowing or declining global retail chains operating in their respective states.Hypercity Opens Fourth Mumbai StoreHyperCity has opened its fourth store in Mumbai at Viviana mall, Thane.Spread over 65,000 sq.ft., the outlet stocks products across categoriessuch as food and grocery, fruits and vegetables, personal care, apparel,small appliances, furniture, sports, and fitness. Private labels acrosscategories will also be available at the store.The store will cater to residents of Thane, Mulund, Powai, Ghatkopar andother central suburbs of Mumbai.Zara Records Rs 1.5 Crore Sales In A Day In Delhi StoresSpanish fast fashion retailer Zara reportedly has registered high sales thisseason. According to media reports Zara's store at Select City Walk in Delhiregistered sales worth Rs 96 lakh on the first day of sale. Its store at PacificMall in the capital recorded Rs 65 lakh sales on day one, 15 per cent morethan the first day sale of last year. Its store at Infiniti Mall in Mumbaiwitnessed Rs 1.7 crores in the first three days.Apparel and fashion accessories retailers, who were a worried due to lowconsumer sentiment and slow economy are now pinning their hopes on thediscount season, when consumers usually loosen their purse strings tomake purchases for the year as well as festive season. A lot of personalshopping as well as for gifting happens during this period keeping in mind,the festive and wedding seasons ahead.BackNext
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Mall Talk Issue July - 01 - Scai.in

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