Omni Talk Retail’s Post

Great initiative at Mulberry England to achieve B Corp Status. Becoming one of the first global luxury brands to do so… As well as aligning to their social, economical and environmental pledges, this B Corp Status could also be a generator of increased interest, a broader customer base, and improved revenue. Luxury retail is currently amidst a strange time from a consumer perspective, with their typical customers becoming more cost and environmentally conscious, this could be a really clever move by Mulberry to align to, and appeal to, their current and prospective customer base of the future. #retail #ecommerce #omnichannel #sustainability

Pune and Mumbai are about to witness the rise of a new retail concept that seamlessly blends agriculture and technology. An agritech company Kisanserv has announced plans to open 250 omnichannel stores in these cities, signaling a shift in how we approach farming and shopping. Let's explore how this innovative approach aims to transform the landscape of these bustling metropolises. #RetailExperience #RetailBusinessOwners #RetailDesign #StoreDesign #ShoppingExperience

inDrive, a global mobility and urban services platform, has made a strategic investment in Krave Mart, one of Pakistan’s leading online grocery delivery platforms. The funding, facilitated through inDrive’s New Ventures division, will drive Krave Mart’s expansion across key urban markets and solidify its position in the rapidly growing e-commerce grocery sector. Founded in 2021, Krave Mart has gained significant traction with its rapid 20–30 minute grocery delivery, supported by a network of dark stores and a strong focus on private-label products. This partnership with inDrive enables Krave Mart to expand its footprint, optimize operations, and deliver greater value to its customers. Quotes from Leaders: • Kassim Shroff, CEO of Krave Mart: “This investment marks a significant milestone for Krave Mart. We’re now well-positioned to grow profitably, expand our dark store network, and enhance our tech and logistics infrastructure.” • Andries Smit, Head of New Ventures at inDrive: “Krave Mart exemplifies the innovative, transformative companies we support. We’re excited to join their growth journey.” • Faisal Aftab, Founder & CEO of Zayn VC: “From day one, we believed in Krave Mart’s team. With inDrive’s investment, they’re set to redefine the market and deliver exceptional value.” Krave Mart currently operates in Karachi, Lahore, and Rawalpindi, with plans to scale further and continue making groceries more affordable and accessible for everyone in Pakistan.

Licious, a renowned brand for premium meats and seafood, is set to open five physical stores in Bengaluru by June. Founders Vivek Gupta and Abhay Hanjura plan to expand the store network to 35-40 locations across two to three cities by the end of this fiscal year. The initiative aims to tap into new users in the offline channel and eventually transition them to online transactions as well, they said. In the upcoming five years, the Bengaluru-based startup has set its sights on establishing 500 stores nationwide, marking it as its "next big focus" area. "Traditionally, meat has predominantly been an offline-focused category, and we're simply following the customer's preferences," stated Hanjura. Read full story here: https://lnkd.in/gAur-pDy #meat #seafood #fooddelivery #foodindustry #growth #expansion Ashu Agrawal

It's just a retail store, what's new about it?" If we'd get $1 everytime we were being told this, we probably wouldn’t have to raise a $300k pre-seed round since we have started building Kinso Stores. ➡️ Middle earning population spends double the money in a grocery retail store than they spend in Clothing, restaurant & amusement parks combined. ➡️ All the billion dollar FMCG marketing expenses comes into action in this small 200 square feet box, it's where the customers choose A over B. Since we have been able to experiment different solutions faster & in a more systematic way than ever before, with the help of AutoCAD skills & IPE. In retail, every inch matters. Usage if an inch determines what do we prioritise, what do we stand for & what's the indomitable value we offer to our everyday customers in Grocery stores. Where we have made a difference: ✅ Trimmed 20% shelf thickness (from 10 inches down to 8 inches) to increase aisle distance keeping the product display ratio same. ✅ Built shelves of 3 different heights to accommodate different categories of FMCG, with a material that costs 60% less than the conventional metal shelf used in supershops. ✅ Conventional shelves either forces retailer to store more inventory or leaves empty spaces due to unmatched 'product : shelf' height ratio, our 3 customised shelf sizes make sure displaying products without uptop gap & overstocking. And many more experiments to follow. Retail is where all the magic happens. Magic is what we do in Kinso Stores 🇧🇩 #bangladesh #kinso #retail #startup #fmcg #grocery

"If we’re looking to increase average order value...we can only do that when the product data is in place and we can make the right connections between products." - Chief Commercial Officer, Gadero Gadero began its journey in 2011 as an online retailer specializing in garden tools, log cabins, decking floors, and fences. With rapid expansion into multiple markets, particularly during COVID, they eventually ran into challenges managing the expanding product catalog and scaling operations efficiently. As they looked for a solution, here's what their team wanted to achieve: ➡️ Invest in a composable solution that would provide a centralized system of record that could support scalability ➡️ Provide a consistent omnichannel experience between online and offline channels ➡️Ensure the availability of accurate and trustworthy product information that anyone within the organization could access effortlessly ➡️Streamline workflows to eliminate redundancy ➡️ Foster the freedom and flexibility to merchandise localized products across diverse marketplaces and geographies. Sound relatable? If so, take a look at their story to see how they migrated to a new system and went from confusion to composability! #mach #composability #pxm #pim

This week: Developers Turn to Apartments to Help Revive Aging Malls Many mall owners are working to diversify their properties with entertainment, offices and educational tenants, but a study published by real estate firm JLL found housing was the most popular use in these projects. Residential projects can reenergize retail properties with a new base of customers on site who can boost restaurants, fitness centers and other businesses and also address the nation’s housing shortage. 🔹 Walmart Expands Automation for Perishables Distribution 🔹 Dollar Tree Rotacart Deliveries Reach 600 Stores 🔹 Exploring Innovations in Freight Technology 🔹 How Autonomous Vehicles Are Impacting the Freight Industry 🔹 3 Ways Automation Can Transform Distribution Operations Find the summaries and full stories for the weekly newsletter on our website. #retail #distribution #automation #delivery #freight #autonomousvehicles

📰 Coresight Research in the News Our research data on store-count changes, featured in Modern Retail, reveals that US store closures are up nearly 48% this year, while store openings are only up 7.5% year over year. These changes underscore the stark environment retailers now face. However, seasonal retail chain Spirit Halloween’s agile business model—including its efficient use of vacant storefronts—demonstrates how retailers can succeed amidst broader industry disruption. To read the full analysis, including insights from our latest research, read “How Spirit Halloween transcends the so-called retail apocalypse” by Allison Smith: https://lnkd.in/d4rVqGHd For more on store closures, openings and bankruptcies in the US and UK, see our “Store Openings and Closures Tracker” series: https://lnkd.in/dqQcq6tx #StoreClosures #RetailTrends #RealEstate

Currys plc to Invest in 50 of Its Largest Stores This Year Currys has announced a significant investment in its store portfolio, with 50 of the retailer’s stores set to undergo a revamp this year. The electronics retailer stated that a blended in-store and online omnichannel model remains crucial to its customers, with two-thirds using stores to make their purchases. Under the new changes, the stores will introduce new categories and seasonal showcases, as well as an enhanced focus on revitalising entrance spaces. New categories will include health and beauty, pet technology, portable power, and fitness – which the retailer said aligns with current consumer trends. Seasonal ranges will encompass categories such as BBQs and gardening equipment in summer, back-to-school tech and supplies in autumn, and new gifting ranges and services in winter. Currys’ investment in its ‘megastores’ has already commenced, with its branches in Swindon, Merry Hill, Brentford, and Solihull recently relaunching. The retailer – which operates 301 stores in the UK and Ireland – recently announced that it would be reimagining the layouts of 65 of its medium-sized stores. Overall, this brings the total number of stores that Currys plans to transform this year to 115. Matthew Speight, Director of Stores at Currys, said: “The investment in these 50 megastores builds on what we’ve already achieved this year so far, and I can’t wait to hear the feedback from inside and outside of the business on the new categories and seasonal items. https://lnkd.in/e3xctyVN

Is the future of grocery shopping in jeopardy with the rise of instant deliveries? Are Kirana stores a thing of the past? With the swift rise of quick commerce platforms like Blinkit , Zepto , and bigbasket.com 's BBNow, it's a question many are pondering. Imagine being a traditional neighborhood grocery store owner watching a whirlwind of change. It's like witnessing a culinary revolution from traditional home-cooked meals to ready-made deliveries. However, Kirana stores are not obsolete. Many are thriving by embracing digitalization and adapting to changing landscapes. Undoubtedly, it's an uphill battle, with ongoing pressure from low prices and instant deliveries that draw customers away. But we're seeing incredible shifts – from the digital onboarding of nearly 1.3 million stores about to integrate into the Open Network for Digital Commerce (ONDC), to Kirana stores still constituting a significant $800 billion industry. Challenges are inevitable, from financial strains to untenable rent. Yet there's a choice: retreat in the face of a $4 billion quick commerce segment, or stand up, innovate, and evolve. Kirana stores stand at a crossroads. Innovation and optimization could transform these challenges into opportunities. The path may not be easy, but adapting is crucial when the choice is between standing still or moving forward #KiranaStores #QuickCommerce #DigitalTransformation #RetailInnovation #GroceryIndustry #LocalBusiness #Ecommerce #Entrepreneurship #CommunitySupport #SupplyChain #BusinessGrowth #ONDC