WEDNESDAY, 7 OCTOBER 2026

Opinion · Retail

Why big-box still writes the festive cheque

Carrefour’s return and Trent’s store machine show physical retail is not dead; it is simply learning to feed the apps.

, Editorial··4 min read

Long view of a brightly lit retail floor with checkout counters and stacked shelves at dusk
Long view of a brightly lit retail floor with checkout counters and stacked shelves at dusk

Two developments this week underline a quiet truth for Indian retail: large-format stores keep getting built even while quick commerce grabs the headlines. Carrefour’s 50,000-square-foot Greater Noida bet and Trent’s march past 1,300 stores are not nostalgia plays. They are infrastructure plays.

Hypermarkets and value-fashion boxes still move bulk volume, create discovery and give brands a place to tell a story that a 10-minute dark store cannot. They also double as mini-warehouses for the same apps that were supposed to kill them.

A kirana owner in Noida now faces a new organised competitor with deep assortment; a Zudio manager in Gurugram captures office traffic that once leaked to unorganised markets. Both change the daily P&L more than another funding round in qcom.

Large-format stores are becoming fulfilment nodes, not relics.

The pressure falls on mid-size department stores and regional chains that lack either the scale of Trent or the global sourcing of a Carrefour-Apparel combine. Landlords, however, gain anchors that can sign longer leases.

The next test is the festive window itself. If big-box same-store growth holds while qcom burns cash on discounts, the hybrid model wins. Watch October footfall and early Navratri sell-through for the real verdict.

Filed under Retail·The Desk

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