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Saturday, April 20 2024
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Apple Stores coming to India through Tata Croma

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Mumbai: The Apple Store is coming to India in partnership with Tata-owned consumer electronics chain Croma, which will host Apple at six of its locations as a pilot. Apple hasn’t been able to set up its own stores because of mandatory local-sourcing norms for single-brand foreign direct investment in retail, it is said. Going the Croma route gives Apple the opportunity to control the consumer experience without jumping through the bureaucratic hoops.
“We are proud to partner Apple to launch the Apple Store in India and are extremely bullish about it,” said Avijit Mitra, chief executive officer of Infiniti Retail, which owns Croma. “These stores will be modeled on the global design and will offer the best experience to consumers, showcasing the entire range of Apple products”, he added.

The Apple space will be 400-500 square feet in area and will be set up at five Croma stores in Mumbai — Malad, Juhu, Oberoi Mall, Phoenix Mall and Ghatkopar. In Bengaluru, this will be at Croma in Jayanagar. They are set to open by Diwali next month.

The store design, furniture, fixtures and lighting will the same as that used in Apple stores globally and the sales staff will also be trained by the company. In India, Apple sells through premium resellers who run exclusive brand stores under the franchise model. Devices are also available at multi-brand mobile and consumer electronics retail chains and some of the larger neighborhood phone stores.

The company has significantly increased its retail presence in the country in the past year with five distributors as India has become one of the fastest-growing markets for Apple.
It’s also accelerated the launch of new phones. Sales of the iPhone 6S and 6S Plus will start on October 16, just three weeks after the US. It also plans to launch Apple Watch in India by Diwali.Apple sold 1.7 million iPhones in India between October 2014 and September 2015, the company’s financial year, compared with 1.1 million units in the year-earlier period, according to market tracker Counter-Point Research.

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