Monday, December 11, 2006

Average consumer spending increasing

The Hindu Business Line reports that organized retail is changing the way Indian consumers shop and is providing the perfect setting for global retail giants to enter the Indian market. Average ticket values at lifestyle stores such as Shopper’s Stop and Lifestyle have doubled in the past two years.

At Lifestyle, the average customer spend is between Rs. 1,500-1,600 which increases by 40% during the festival seasons. Two years ago this amount hovered around the Rs. 800-900 mark. At supermarkets, the average ticket value has risen from Rs. 250-300 a few years back to Rs. 600.

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