IndiaRetailing.com’s Post

Why do manufacturing houses find launching their own brand a challenge? Let's break it down: 🔹 Unthinkable Margin Share: The retail FMCG market can demand a margin share of 65-70% under different layers. 🔹 Multiple Layers to Reach the Last Mile: From robust team incentives to reaching the end customer, the process involves various stages like CNF, Super Distributor, Distributor, Retail Outlet, customer discounts, and end-user interaction. 🔹 Aggressive Strategies: Implementing Customer Awareness Programs, creating new product categories, collaborating with industry giants, and offering freebies are crucial tactics. 🔹 100% Risk: Factors like product performance, off-take rates, credit management, and sustainability in all circumstances add to the complexity. Exciting news from Wow Mom Foods and Millet Magic Foundation . Against all odds! We are strategically targeting the North India market, engaging with 1.5 lakh retail outlets in Delhi NCR, and committed to thriving in the evolving retail landscape. 🚀 #Manufacturing #BrandLaunch #RetailStrategy

🛍️ Decoding India's Retail Landscape is Complex and Fascinating Ever wondered about the incredible diversity of India's FMCG retail ecosystem? From bustling streets to premium outlets, each format plays a unique role in serving our vast nation's shopping needs. What makes this ecosystem special is how traditional and modern formats coexist and thrive, each adapting to changing consumer needs while maintaining their core identity. #FMCGIndia #IndianRetail #ModernTrade #GeneralTrade #MarketingStrategy #withStorewise

While speaking on the topic of "Opportunity Bharat - The Many Avatars Of The World’s Most Exciting and Aspirational Market", Sandeep Varaganti, CEO, JioMart, Reliance Retail says, "#Digitalization at multiple fronts is bringing around a change in the mindset of #consumers as well #retailbrands. A decade agao, tier 2 and tier 3 cities did not have stores or showrooms which meant the consumers there did not have access to products. But now due to widespread #onlinecontent and OTT platforms, #awareness about particular brands and products is growing multifold." We at i-TEK RFID also believe that customers #researchingonline and #buyingoffline are eager for a seamless and enriched #instore experience. Retail brands can enhance their #customerexperience with #rfidsolutions like #fittingroomanalytics, #reducedstockouts, #realtime #replenishment and higher #inbound #outbound throughput. #itekrfid solutions can help retail brands in efficient #supplychain and #warehouse management. To know more visit our booth Phygital Retail Convention in Mumbai or visit our website www.infoteksoftware.com Nagesh B S Ashim Patil Raghav Verma Anand Thakur Bijou Kurien #simplifyingrfid #rfidinretail #india #retaillandscape #retailnews

Sharad Nagpal moderated a panel discussion titled “International Retail Powerhouses: Global Players Eyeing and Entering India's Thriving Marketplace” at MAPIC India (Formerly IRF) 2024 in Mumbai. The esteemed industry leaders on the panel shared their perspectives on how top brands are navigating and tapping into one of the world's most dynamic retail landscapes. The speakers also shared insights on global retail trends and how India’s growing retail landscape is evolving. Pierre Ravan Andrew McVicker Runish Gudhka #RetailRealEstate #Retail #InternationalRetail #RetailTrends

DISCOVER THE MAGIC OF #SIMPLICITY "BE SIMPLE, MY FRIEND." Embrace the power of simplicity in your #life & your #retailbusiness Today, identify just one area where complexity has crept into your LIFE- in your #BUSINESS Is it your daily schedule or perhaps your product offerings? Choose one thing to simplify. It could be streamlining your #COMMUNICATIONS OR REDUCING your #inventory to the essentials Watch as simplicity brings #CLARITY, #EFFICIENCY & A NEWFOUND #EASE to your #OPERATIONS. EXPERIENCE THE MAGIC—BECAUSE SIMPLE REALLY IS MIRACULOUS What will you simplify today? Share your choice & inspire others with the MAGIC OF SIMPLICITY John S Tamang Retail Operations & Process Excellence Expert & Mentor #IndianRetail #RetailIndia #MakeInIndia #IndianEcommerce #RetailTechnology #DigitalIndia #StartupIndia #IndianEntrepreneurs #RetailInnovation #IndianBusiness #indianbusinesswoman #retail #retailers #retailindustry #retailoperations #jewelry #jewellery #jewelryretail #furnitureretail #furnitureindustry #pharma #pharmacy #pharmacists #jewelryindustry #consumerdurables #consumerelectronics #fashionretail Retailers Association of India (RAI) Reliance Retail Retail SalesRetail Fest Retail Prophet Retail Technology Show Retail Innovation Conference & Expo Retail Operations Croma Croma-Pharma Shoppers Stop Shoppers Drug Mart AD Shopping DMart - Avenue Supermarts Ltd Landmark Group Reliance Digital Retail Ltd. Retailers Association of India (RAI) TRRAIN (TRUST FOR RETAILERS & RETAIL ASSOCIATES OF INDIA)

Moderator: Kumar Rajagopalan, CEO, Retailers Association of India Speakers: Balachandar R, Director, Junior Kuppanna Suhail Sattar, Chairman - Chennai Chapter, Retailers Association of India; MD, Hasbro Clothing Pvt. Ltd. Sunil Sanklecha, Founder, Nuts 'n' Spices - India Sushanto Dey, Partner, Sreeleathers Gautam Saraogi, CEO of Go Colors - Go Fashion India Ltd. Description: Explore the immense potential of small cities in India’s retail landscape with this insightful panel discussion from the Chennai Retail Summit 2024. Moderated by Kumar Rajagopalan, CEO of the Retailers Association of India, the panel includes prominent retail leaders such as Balachandar R from Junior Kuppanna, Suhail Sattar from Hasbro Clothing, Sunil Sanklecha from Nuts 'N' Spices, Gautam Saraogi, CEO of Go Colors - Go Fashion India Ltd. and Sushanto Dey from Sreeleathers. This session delves into how small cities are becoming the next big opportunity for retailers and how brands are adapting to meet the unique demands of these markets. Key Insights: • The shift in focus from metros to Tier 2, 3, and 4 cities, with the realization that these smaller cities have significant consumption potential and brand aspiration. • Successful strategies for expanding into smaller cities, including the importance of local partnerships, franchise models, and understanding regional nuances to better serve local markets. • The role of customization in products and services to cater to different markets, emphasizing the need to adapt offerings based on local consumer preferences. • The critical importance of maintaining a strong omnichannel presence, integrating online and offline experiences, and leveraging technology to reach consumers in smaller cities. • Insights on addressing staffing challenges in smaller towns, including creative solutions like semi-franchise models and fostering loyalty through employee engagement and retention strategies. • The growing relevance of quick commerce and the need for brands to offer fast, efficient delivery options to meet the expectations of increasingly impatient consumers. Watch now to gain valuable insights and practical tips from these new-age retail leaders on creating brands that not only disrupt but also dominate the market! 🔔 Don’t forget to subscribe for more inspiring discussions and insights from the world of retail! Click on the link below to watch the full video: https://lnkd.in/gkMhdDHW #ChennaiRetailSummit #RetailLeadership #SmallCityOpportunities #RetailExpansion #ConsumerBehaviour #RetailStrategies #RetailersAssociationOfIndia

India's retail sector is on a meteoric rise, poised to surpass $1.4 trillion by 2027. Are you ready to cash in on this golden opportunity?📈 From bustling bazaars to digital platforms, India’s retail landscape is undergoing a dramatic transformation. The country is set to become the world's 3rd-largest retail market by 2030. This growth is fueled by urbanization, rising incomes, & a young population eager for premium and luxury products. The main drivers of this expansion—#grocery, #fashion & #lifestyle, and consumer #electronics—make up over 90% of the retail sector. It's exciting to see how consumer preferences are shifting, with increasing interest in non-food categories. #Retailers are responding by expanding their offerings in general merchandise & home & personal care. Reliance Retail, led by Mukesh Ambani, is a major player in this #growth story. With revenue exceeding Rs 3 lakh crore in FY24 and 1.2 billion customer transactions, Reliance is a cornerstone of the Indian retail sector. Their multi-channel distribution model—integrating physical stores with #digitalplatforms—highlights a strategic approach to meet diverse consumer needs. The introduction of indigenous brands like Campa Cola Official & Independence showcases their commitment to meeting diverse Indian consumer needs. What excites me most is how companies like Reliance Industries Limited are innovating to cater to diverse consumer needs. From expanding into #FMCG with accessible products to strengthening their online presence with platforms like AJIO.com & the launch of the Swadesh store format, they’re setting new standards in the retail industry. However, challenges such as limited quality retail spaces & a shortage of trained manpower remain. Yet, the sector's resilience and adaptability give me confidence that these challenges will be addressed with innovative solutions. As India’s retail market evolves rapidly, it’s inspiring to see the opportunities it creates. How do you think these trends will impact your industry? #Retail #ConsumerProducts #Ecommerce #tech

🌟 High Cultured is Expanding! 🌟 We are thrilled to announce that High Cultured is embarking on an ambitious expansion journey soon by partnering with some of the biggest and most respected retailers in India! 🇮🇳 Our strategy focuses on creating valuable partnerships that will allow us to bring our unique, high-quality fashion products to a broader audience. Here’s a glimpse of our comprehensive plan: Identifying Target Retailers: We are looking to collaborate with leading big box retailers such as Reliance Retail, Future Group and Tata Group. Tailored Product Offerings: Introducing fresh and exclusive collections tailored specifically for each retail partner to ensure we meet the preferences of their customers. Joint Marketing Strategies: Launching co-branded campaigns and in-store promotions to drive customer engagement and enhance visibility. Efficient Logistics: Ensuring a robust supply chain and inventory management system to meet demand seamlessly. Staff Training & Support: Providing comprehensive training for retail staff to deliver exceptional customer service and support. Expanding Online Presence: Leveraging our retail partners’ strong e-commerce platforms to integrate an omnichannel strategy for a seamless shopping experience. We believe these partnerships will bring immense value to both High Cultured and our retail partners, creating a win-win scenario for all. Our commitment to quality, innovation, and customer satisfaction remains at the forefront of this expansion. Stay tuned for more updates as we continue to grow and bring the best of High Cultured to new markets! #HighCultured #Expansion #RetailPartnerships #Fashion #GrowthStrategy #IndiaRetail #Ecommerce #SupplyChain #CustomerEngagement

"Slow Demand Impacting Retail Operations" I came across an insightful article in The Economic Times about the current challenges facing the Indian retail sector: A prolonged consumption slowdown, coupled with the aftermath of the pandemic-driven "revenge shopping" spree, is forcing major retailers like Reliance Retail, Shoppers Stop, and Spencer's to re-evaluate their strategies. This downturn, intensified by extended election seasons and heatwaves, has persisted for over 18 months, pushing these companies to make significant changes to sustain operations. Here are some key shifts happening in the industry: 1. Store Closures: Retailers are aggressively shutting down unprofitable outlets, particularly in markets that didn't meet expectations. Reliance Retail, India’s largest retailer, closed 249 stores in the three months ending June and is slowing its expansion. Spencer’s Retail plans to exit North and South India markets, closing 49 stores in NCR, Andhra Pradesh, and Telangana. While this will erase ₹490 crore of annual revenue, the company hopes to improve profitability. V-Mart Retail has also shut down 22 stores in the first half of 2024. 2. Cautious Expansion: New store openings are being curtailed as companies prioritize operational efficiency over aggressive growth. Reliance Retail is slowing its pace, opening 331 new stores in the last quarter compared to 470-800 stores per quarter in FY22, FY23, and FY24. Shoppers Stop may defer new store openings this fiscal due to regulatory and other issues, reflecting a more cautious approach amid soft demand. 3. Debt and Cost Control: The pressure to maintain profitability is leading to increased borrowing and stringent cost-cutting measures. Shoppers Stop plans to borrow ₹100 crore for expansion, while other retailers are focusing on pruning underperforming locations as a natural reaction during times of demand stress. The retail sector’s reaction to these challenging times highlights the critical need for adaptability and strategic planning. This era demands resilience and forward-thinking to effectively navigate the shifting retail landscape. The choices made today will determine the future direction of the industry, marking a crucial moment for retailers to reassess and realign their strategies. Article Link : https://ecoti.in/yJs1Qa #RetailManagement #indiaretail #economy #business

Moderator: Suhail Sattar, MD, Hasbro Clothing Pvt. Ltd. & Chairman - Chennai Chapter, Retailers Association of India Panelists: • Kavin Venkatesh, Executive Director, Maybell • Mohit Issrani, Director, KOBLERR FOOT WEAR & ACCESSORIES PRIVATE LIMITED • Pratik Sanklecha, Digital Operations Head, Nuts 'n' Spices - India • Sharon Kiron , Executive Director, Hi-style India Private Limited • Siddhanth A.V.R, Director, AVR Swarnamahal Jewelry Limited Description: This insightful panel discussion, moderated by Suhail Sattar, explores the delicate balancing act of preserving tradition while driving innovation in family-run retail businesses. The panel features next-generation leaders from various retail sectors who share their experiences of inheriting strong legacies and introducing modern practices to their businesses. From overcoming the challenges of modernizing traditional practices to successfully implementing impactful technology, these young leaders discuss how they navigate the complex dynamics of family expectations and business growth. Key Insights: • The importance of earning leadership through demonstrated success and gaining the trust of both the previous generation and employees. • Challenges in modernizing traditional practices, like transitioning from manual processes to digital solutions, and how these changes impact business efficiency. • The role of technology in enhancing customer experience, streamlining operations, and staying competitive in a rapidly evolving market. • Strategies for balancing traditional marketing channels with modern digital approaches to effectively reach diverse customer segments. • Personal reflections on leadership transitions within family businesses and the importance of collaboration across generations. Watch now to gain valuable insights and practical tips from these new-age retail leaders on creating brands that not only disrupt but also dominate the market! 🔔 Don’t forget to subscribe for more inspiring discussions and insights from the world of retail! Click on the link below to watch the full video: https://lnkd.in/gj-33RpX #RetailLeadership #FamilyBusiness #TraditionAndInnovation #RetailTechnology #NextGenLeaders #ChennaiRetailSummit #RetailIndia