Retail leasing is witnessing a change in various malls in the country. In this sector, the dominance of the apparel segment is now decreasing, while the share of food and beverages is increasing. Despite the decline in the share of apparel, its share is still the highest. Along with beauty and wellness, the share of jewelry and sports is also increasing. Anarock Research said in its report that in the first half of 2025, out of the retail demand of more than 2 million square feet in the top 7 cities, about 33 percent was leased by apparel brands, 21 percent by F&B brands, 16 percent by entertainment sectors and 11 percent by home and lifestyle brands, Anarock Research said in its report. The apparel segment accounted for 42% of retail leasing in FY2019, which has declined to 37% in FY2025. However, despite this decline, the apparel segment continues to dominate as its share is still the largest.

The share of the apparel segment is likely to decline further. It could fall to 32% by FY2030. The reason for the decline in leasing share of apparel brands is hypermarkets and these brands are facing tough competition from e-commerce. Their difficulties have increased due to the increasing trend of fast commerce. Sports and jewellery sectors have become increasingly popular in malls in the last few years. The share of jewellery sector was only 2% in FY19, which increased to 5% in FY25 and is expected to increase to 13% in FY30.