For retailers, high street is flavour of the season as demand picks up

As demand picks up, retailers are opening 50% of their new stores on high streets

Now that demand is picking up, retailers are increasingly opting for high street stores, since mall expansion has been subdued owing to the lack of quality malls as well as the fact that many malls were forced to shut down because of the pandemic.

Shubranshu Pani, managing director, retail services, JLLIndia, said, “Retail expansion is skewed towards expanding at high street locations as malls were the first ones to down their shutters during the first and second wave of the pandemic. Also, they were given permission to open much later,” he added. 

According to Pani, big-box retailers are now opening 50 per