Virtuous Retail: Ideal partner for retail players

Studies validate, that India’s retail sector accounts for about 14 to 15 per cent of the country’s GDP; and employs about 40 million people. With the opening up of the economy, India features high on the list of priority markets for several international luxury retail brands. There is also a hot debate regarding the issue of FDI. However, it goes without saying that lifestyle retail is the next big thing, and retail spaces are much in demand.

With retail shopping outlets sprouting across cities, retail management and design is now a specialized field altogether. Virtuous Retail, a unit of The Xander Group Inc., a global leading emerging markets investment firm, is a pioneer in retail management and leasing. With a focus on developing prime zones as commercial hubs and neighbourhood shopping centres, Virtuous Retail also offers services like research, finance, planning, marketing and mall operations, retail space for rent, consumer experience design, and tenant relationship management.

In today’s competitive scenario, it is not enough to provide build retail shopping outlets or give out commercial space on lease. The success of neighbourhood shopping centres depends on crucial factors like right tenant mix to address market gaps, extensive market knowledge, and cost-effective operations for a mutually beneficial and successful relationship between the tenant and the owner. This is where companies like Virtuous Retail bring in their expertise. For example, if a shop is under-performing, then Virtuous Retail would provide in-depth recommendations based on exhaustive market intelligence. Based on these recommendations, the mall can increase lease savings; and the under-performing store can negate losses to a certain extent. This is an example of tenant relationship management that is a forte of Virtuous Retail.

With increased competition, it is imperative that the neighbourhood shopping centre offers a unique engagement proposition to attract footfalls. Whether it is restaurants, entertainment options for weekend crowds, or a quality mix of daily requirements, the mall has to offer a solid consumer experience to make it a popular destination. This is where consumer experience design comes in.

So, what makes Virtuous Retail an ideal partner?
* In-depth local market knowledge
* Strong marketing strategies
* Cost-effective and sustainable mall operation services
* International design benchmarks
* Global experience

In addition to Virtuous Retail’s specialized services, the company’s pan-India portfolio of premium retail space for lease comprises impressive locations in key cities like Surat, Bengaluru, Kolkata, Pune, Mumbai and Udaipur.

So for lifestyle retail and luxury retail players looking for retail space on lease, Virtuous Retail is a perfect partner.

Read more visit websites: http://www.virtuousretail.com/

Virtuous Retail commercial retail sector

Virtuous Retail is a visionary group and has brought in global expertise and trends in building world class retail shopping outlets. It provides retail spaces for rent in prime cities like Bengaluru, Mumbai, Pune, Surat and Kolkata.

But, retail spaces are not only about huge shopping malls, they have a lot more in store. Neighborhood shopping centers for instance have increased more than double in the past four years. These hypermarkets or shopping centers offer a viable and easy alternative to people for everyday needs and entertainment. Similarly, the extreme of neighborhood shopping centers, luxury retail, is another major segment as far as retail spaces go. Reports indicate that the spurring growth of the Indian luxury market, will result in a three times increase in demand for luxury products by 2015. Lifestyle retail is another segment of commercial retail spaces and is gaining immense popularity as well.

Another concept that has gained a lot of prominence in retail construction is that of consumer experience design. This is a process where the quality of user experience is kept at the forefront. It is used to design products, processes, services, events, environments and many more things. Consumer experience design is a new and emerging discipline, and draws inspiration from various fields like cognitive psychology and perceptual psychology.

The retail sector though, is a complex and intriguing one, and has various forces at play. While, putting up retail or commercial space up for lease, the concept of tenant relationship management becomes extremely important. The lease may be negotiated by the developer, but to make this arrangement work smoothly, the tenant and the owner of the retail space, i.e., the developer need to come to agreement with the terms and work in a harmonious environment for the duration of the lease.

Retail Management and leasing also play a crucial role in the commercial retail sector. While, the art of Retail Management revolves around promoting greater sales and customer satisfaction, and can only be achieved by getting a better understanding of the consumers and their psyche. On the other hand, leasing is organized by developers of the commercial property.

With growing disposable incomes and the love to spend increasing, the retail sector in India is only expected to flourish. And, with retail developers doing extensive background and trend research, the properties coming up are easily comparable to international standards. The retail sector has opportuniies galore for everyone involved!

For more info visit: http://www.virtuousretail.com/index.asp