 "40% global retailers eye to enter India")
About 40% of global retailers are yet to enter the country despite foreign direct investment allowed in Indian retail, said a new study. These include global retail chains such as 7 Eleven, Costco and others, said a report by property consultant CBRE.
While 30% of global retailers present in the country are from US, 19% are from Italy and 16 present are from the UK.
Of the total global retailers present in the country 79% are present in Delhi, while the figure stands at close to 68% for Mumbai and close to 50% for Bangalore, highlighting the significance of these tier I cities as the preferred entry points for international retailers, it said.
In terms of most preferred catergories, nearly 80% of global beauty and cosmetics brands are present in the country followed by 77% of food and beverages and 74% of fashion accessory brands, said the study.
While beauty and cosmetic retailers such as Mac, Clinique and Estee Lauder have a strong present in cities such as Mumbai and NCR and gradually moved to cities such as Ludhiana and Amritsar, food and beverage retailers such as KFC, McDonald's have expanded in both tier I and II cities, said the study.
Of the total brands present in the country, 35% belonged to luxury segment, 16% are mid end brands, 14% are premium and 35% belonged to high end category.