As fast as retailers are making expansion plans, real estate developers are not being able to keep up with thir delivery schedules, leading to retailer’s plans and projections in disarray. Retail companies such as Pantaloon, Pyramid, Reliance, Hypercity and Globus are all facing this problem, which is leading to friction between retailers and real estate developers. It is estimated that these delays will cost retailers a lot of money, who have already tied up for merchandise and vendors in advance.
RetailJune 28, 2007 8:52 am
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