Retail Special: Coming Up, New formats, Specialities

http://www.livemint.com/Articles/2007/12/09222808/Retail-special----Coming-up.html

( The first part of a discussion with Mr Kishore Biyani on the sustainability of the retail revolution in India)

Mr Biyani,

Thanks for ushering in the Retail revolution in this country. Two questions that i have at this time in the context of 2010: the watershed year. In this era of shareholder value and ROI,

Question 1:How do you think that the skyrocketing realty prices will impact the retail chains?

Question 2: It is expected that the current financial turmoil would continue well into 2009/10. Do you see retail being impacted by lesser consumer spends?

Question 3:I very much buy into the speciality retailing as the next point of differentiation. However, without trained and qualified personel behind the "speciality retailing", it would be a false bet.

Your Comments sir...