The first casualty after apple opened its personal shops in India is not a rival however its personal top class reseller – consider – which has now close its door 9 years after opening a shop at south Delhi’s Select CityWalk, the place the United States-headquartered generation company opened its 2d retailer within the nation ultimate week. The top class reseller wasn’t even a part of the 20-odd emblem checklist that Apple prohibited the mall from opening shops close to its outlet.
“The mall operator did not extend imagine’s lease as it felt the company-owned store would do higher sales and there was no need to have another company selling the same brand,” stated an govt, who didn’t want to be recognized. didn’t reply to ET’s queries until press time.
According to folks aware of the tips, Apple has about half-a-dozen approved resellers in India who be offering further cashback and reductions on gross sales to consumers. The consider retailer in Select CityWalk opened in 2014 and the shop proprietor used to be informed by way of the mall operator that it could now not prolong the hire.
“Most of the retailers have a nine-year lease, with rent escalation every three years. For premium brands, mall operators usually extend the lease on expiry. Had Apple decided to open a flagship store elsewhere in Delhi, the Imagine store would have continued its operation,” stated someone else.
Select Infrastructure Private Limited had signed the hire with Apple in July 2022 and had communicated to consider after that, suggesting it will be unable to increase the hire in spite of the shop appearing neatly.
In the contract, Apple has given checklist of 20 manufacturers that can’t have retailer close to it – Amazon, Bose, Devialet, Facebook, Foxconn, Alphabet/Google, Huawei, Intel, Lenovo, LG, Microsoft, Nest, Nokia, Panasonic, Samsung, Sony, Vivo, Xiaomi, Oppo and OnePlus.
“The mall operator did not extend imagine’s lease as it felt the company-owned store would do higher sales and there was no need to have another company selling the same brand,” stated an govt, who didn’t want to be recognized. didn’t reply to ET’s queries until press time.
According to folks aware of the tips, Apple has about half-a-dozen approved resellers in India who be offering further cashback and reductions on gross sales to consumers. The consider retailer in Select CityWalk opened in 2014 and the shop proprietor used to be informed by way of the mall operator that it could now not prolong the hire.
“Most of the retailers have a nine-year lease, with rent escalation every three years. For premium brands, mall operators usually extend the lease on expiry. Had Apple decided to open a flagship store elsewhere in Delhi, the Imagine store would have continued its operation,” stated someone else.
Select Infrastructure Private Limited had signed the hire with Apple in July 2022 and had communicated to consider after that, suggesting it will be unable to increase the hire in spite of the shop appearing neatly.
In the contract, Apple has given checklist of 20 manufacturers that can’t have retailer close to it – Amazon, Bose, Devialet, Facebook, Foxconn, Alphabet/Google, Huawei, Intel, Lenovo, LG, Microsoft, Nest, Nokia, Panasonic, Samsung, Sony, Vivo, Xiaomi, Oppo and OnePlus.