On December 1, new mall Phoenix Citadel opened its doors in Indore. Mall development business Phoenix Mills has designed the mall to offer “Italy in Indore” and the mall is now Indore’s largest shopping centre.
India’s fast growing e-commerce marketplace sector is expected to more than triple in value to reach $350 billion in gross merchandise value by 2027, according to a new report by Bain and Company and Accel.
Amazon.com Inc. plans to scale down some of its operations in India as part of a global streamlining campaign by the business’ chief executive officer Andy Jassy, although this should result in minimal layoffs.
Multi-brand luxury children’s wear retailer Les Petits plans to expand its brick-and-mortar presence in the South and East of India, where it is seeing strong sales, as it pursues omni-channel expansion.
Social commerce platform Meesho announced that it has integrated with the Union Government’s Open Network for Digital Commerce with the aim of creating a wide market for hyper-local suppliers across India.