CNBC-TV18 finds that airport retailing is set to become a USD 600 million business.
It could just be a matter of time before you wheel shopping carts instead. The airport has become Indian retailers' latest destination. Shoppers' Stop will be there in a venture with European airport retailer Nuance, and Pantaloon and Alpha Airports will set up duty-free shops and offer food and drink.
Nearly 30 % of sales at duty free shops in west Asia are said to come from the Indian subcontinent. Retailers now want to turn these waiting passengers into shoppers.
Pantaloon and Shoppers' will bid for retail space at Bangalore, Hyderabad, Delhi and Mumbai airports.
Paul Topping, MD - Asia, Alpha Airports Group says, “By 2010, if the airports develop the way we think they will and add to that retail space, you should be talking about a USD 600 million business.”
06/10/06 Moneycontrol.com
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It could just be a matter of time before you wheel shopping carts instead. The airport has become Indian retailers' latest destination. Shoppers' Stop will be there in a venture with European airport retailer Nuance, and Pantaloon and Alpha Airports will set up duty-free shops and offer food and drink.
Nearly 30 % of sales at duty free shops in west Asia are said to come from the Indian subcontinent. Retailers now want to turn these waiting passengers into shoppers.
Pantaloon and Shoppers' will bid for retail space at Bangalore, Hyderabad, Delhi and Mumbai airports.
Paul Topping, MD - Asia, Alpha Airports Group says, “By 2010, if the airports develop the way we think they will and add to that retail space, you should be talking about a USD 600 million business.”
06/10/06 Moneycontrol.com
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