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Online giant preps for Indian version of Prime Day
Amazon is getting ready to host its fourth-annual flagship sale in India. The online giant is gearing up for its “Great Indian Festival,” an event similar to Amazon’s Prime Day sale. Amazon is banking on the sale’s deep discounts, exclusive merchandise and buyback offers to attract new customers, according to Live Mint. -
Report: ‘Mall mix must change’
Three-quarters of gross leasable area in American malls are inhabited by stores representing the slowest-growing retail categories. That’s the basis of a report from CBRE advising mall owners to seriously consider diversifying their tenant mixes. Department stores sales are declining by around 4%, yet they take up 49% of mall space. Apparel stores that form 30% of mall makeup are growing at a 12%, but that’s well below restaurants at 32% and furniture, personal care, and health care stores at above 20%.

