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Big brands make a beeline for Goa

Big brands make a beeline for Goa

PANJIM: The wait is nearly over. Yes, McDonalds too will be in Goa soon. McDonalds is expected to open by the third week of June at Mall de Goa. Teasers by means of posters outside the mall are already being discussed on social media sites.

“McDonalds will be opening around mid-June at Mall De Goa,” said Bhuvanish Shet, director, Marketing and Finance, Mall de Goa. The Yellow Chilli too, will open at almost the same time.

Big brands after satiating the metro cities have started to move to tier II and tier III cities. Goa in last five years has witnessed the influx of major brands in its malls as the mega brands realise that Goa too is brand conscious.

“Goa is a brand conscious place and brands, have started entering Goa as they are being accepted and welcomed here. We could say that the journey started with High street, MG Road and 18 June Road, Caculo Mall and now Mall de Goa. Because of the malls, the trend in shopping outside Goa by Goans has virtually stopped as they are getting the same items here,” said Mr Shet.

With Caculo Mall, more or less settled, the new kid on the block is the Fashid Mall, which will open at Vasco this August. The Fashid Mall will be run by Shravan and Krishan Company as it visualised the concept of one-stop shopping destination keeping in view the demography and population of the State.

“Goa being the State having the highest per capita income in the country, has very encouraging and promising prospects for organised retail. Also, presently a very high percentage of customers in Goa are already brand and quality consious. Earlier they used to travel outside Goa to get those brands. Now, we are ensuring that the best of brands are here in Goa for their delight,” said Akhil Chadha, partner at Fashid.

Mr Chadha added that MAX (Unit of Lifestyle International Pvt Ltd) owned by Landmark Group, Dubai has pioneered the fashion industry worldwide in value fashion retailing and most of the merchandise in its MAX store.

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