Spanish fast-fashion retailer Zara has opened a store at DLF Promenade mall in Delhi. Spread over an area of 33,000 sq.ft, this is the retailer’s second outlet in Delhi, the first store was opened almost a month ago in Select Citywalk mall.
DLF Promenade mall will have revenue sharing and minimum guarantee rental models – whichever goes higher – with the retailer.
“DLF Promenade is 96 per cent leased and 86 per cent operational. A number of brands, such as Harley Davidson, Marks & Spencer, Marc Ecko and Esprit, are planning to open their stores in the mall,” said Pushpa Bector, vice-president, DLF Promenade.
Harley Davidson is set to open its store on July 16, while Marks & Spencer will open its outlet by September this year.
– IndiaRetailing Bureau
