In this episode of the “State of the Economy” podcast, Abhishek Law talks with Pushpa Bector, Senior Executive Director, DLF Retail, about the recovery of the retail sector post-COVID.
It highlights the strong rebound in retail sales, with the luxury, Indian designer, sports leisure and food and beverage segments posting exceptional performances. Vector explains how the pandemic has changed consumer behavior, with a preference for physical shopping experiences despite the rise of online retail. She also emphasizes the importance of keeping spaces programmable and creating unique experiences in malls.
Additionally, Vector addresses rental rates, noting that DLF has been able to secure higher rents due to increased sales potential. She explores the potential for expansion beyond Delhi NCR and the need to generate sales to drive rental growth in new markets.
Vector also addresses the growing trend of omnichannel retail, where consumers experience products digitally but choose to purchase physically for a more authentic experience. Overall, the podcast provides valuable information on the state of the retail industry and emerging trends.
(Host: Abhishek Law; Producer: Jayapriyanka J)
About the State of the Economy Podcast
India’s economy has been hailed as a beacon of hope amid the general gloom that seems to have enveloped the rest of the world. But several sectors continue to stutter even as others seem to be firing on all cylinders. To help you understand the bundle of contradictions that is the country, activity area brings you podcasts with experts ranging from finance and marketing to technology and start-ups.