Hypermarkets in malls are losing space due to declining sales due to quick commerce apps like BlinkIt and Zepto. Mall operators like Landmark Group s Spar India have reduced store sizes and closed some outlets in Delhi NCR and Bengaluru. Reliance Smart Bazaar and Deerika Hypermart have also experienced a decline in sales. The trend has shifted from hypermarkets being the big draw to dining as the new pull factor.
Evopack, which produces cardboard and paper packaging in a plant in Piatra-Neamt and which delivers to McDonald’s KFC, Spartan and Mesopotamia restaurant chains, is tapping into a new client niche and enters major hypermarket chains with bio cutlery.
India Business News: Lulu Group is eyeing cities like Uttar Pradesh’s Prayagraj, Gorakhpur, Kanpur, and Banaras as potential locations for small-scale malls with a hyperma