Retailers keen on setting up shop at airports

The Economic Times reports that Indian retailers are keen to be part of the modernization of airports in the country and are busy working on strategies on how to become a part of the emerging business of airport retail. Most companies can do so on two formats, either independently or through international partners.

The Future Group and Shoppers’ Stop have both formed JV agreements; other retailers like Landmark and Ebony are still exploring their options. Himanshu Chakrawarti, CEO of Landmark, said that the company was

“….currently finalizing our business plan. Spread over some 1,000-5,000 square feet, the stores will have a merchandise mix like travel-related books, maps, light fiction, self-help books as well as management books.”