Retailers in India are opening larger physical stores as consumers seek enhanced in-store experiences. The share of stores smaller than 2,000 square feet decreased to 52% in H1 2023-24, compared to 61% a year earlier. Retailers are expanding existing stores and entering new markets, capitalizing on the growing share of the organized retail market.
Crate & Barrel opens a new flagship in New York City in parallel with the launch of a virtual store, marking an investment in both e-commerce and physical retail.
International Business News: Daniel Zhang, the former chief of Alibaba Group, has chosen to resign only a few months after accepting the leadership of its cloud division. This add