Saturday, January 26, 2008

Changing retail in India

To get a feel for consumerism, this is Reebok store with US$ 200 shoes.

My friend Rohan says rent for 400 sq ft retail shop is now US$ 3000 / month or $7.5/sqft/month or 90 per year, like Greenwich Ave.

75 percent of customers in Reebok right now look Indian.

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