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Wazir Advisor's deep dive into the India Value Retail Segment reveals key trends driving the sector's growth. Strategic investments by B&M players in store #optimization, #regionalized assortments, #fashion quotient, #private label, and efficient #sourcing and #vendor management are enhancing margins and fueling expansion. Online marketplaces are also innovating with #vernacular, #voice, and #video #business #models for outreach beyond metro-centric India. The space will continue to leverage tailwinds to reach #USD180bn over next couple of years and is hence attracting strong investor interest #Citykart #IPO Vishal Mega Mart Reach out Pakhi Saxena - [email protected] to discuss interesting optics on the segment and complete report – India Value Retail Segment   #valueretail #retail #sectorgrowth #insights #indianretail #cpg Harminder Sahni Prashant Agarwal Rohit Bhatiani Varun Vaid Sanjay Arora Surender Jain B Prakash

Meet our member! Faizan Mohamed, the Executive Director of Sylcon group, speaks of the retail opportunities in India in our newest episode of the Member Stories. Sylcon started out in the early 1940s and soon grew to be a household name across Kerala. This family-owned brand rapidly expanded, establishing three lines of businesses, across Fashion, Food, and Supermarket segments in the B2C retail industry. Sylcon aims to provide their customers with a satisfying and fruitful experience and make themselves a renowned player in the B2C industry. In this episode, Faizan discusses: 🟢Sylcon’s 80-year legacy 🟢The gradual expansion into hypermarkets, supermarkets, and restaurants 🟢His biggest learnings in the retail industry  🟢The growth of the retail industry in India Stay tuned for more insightful stories from our members! #MemberStories #Retail #Brand #Trends #Growth #Profits #RetailMarketing #RetailShopping #RetailStore #OnlineShopping #ConversationalCommerce #RetailTechnology #Saas #RetailInnovation #RetailMarketing #Learning #Insight

The phygital market of India is expected to touch $1 Tn by 2030 from the current $11 Bn, putting omnichannel and hybrid shopping at the very center of this growth 🌐 Many D2C brands assumed that post-covid digital exposure at the B2C level would increase, fundamentally changing consumer habits. On the contrary, online retail penetration remains limited to 4-5% across India, with word-of-mouth and the need for a touch-and-feel experience continuing to influence purchasing decisions, especially for high-value items like electronics, furniture, and home décor. Let’s say that large-size items like bunk beds are selling more. But in Bengaluru, where we don’t have an offline store, only 8% of the orders are for bigger items,” said Dhruvan Barar, Cofounder, Boingg in a conversation with Inc42 last year. A hybrid growth strategy and omnichannel business model have helped D2C flagbearers like Mamaearth, Lenskart.com, Pepperfry, Wakefit, boAt Lifestyle and Rage Coffee achieve scale and increase their margins 🛍️ #Startupindia #D2C #Brandsofindia #Iconicbrands #DigitalIndia #developingindia #India2030 #myconnections #mynetworks #followme #prideindia #growingindia #digitalmarket #youthindia

𝐖𝐨𝐮𝐥𝐝 𝐥𝐨𝐯𝐞 𝐭𝐨 𝐬𝐞𝐞 𝐫𝐞𝐭𝐚𝐢𝐥𝐞𝐫𝐬, 𝐛𝐫𝐚𝐧𝐝𝐬, 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲, 𝐚𝐧𝐝 𝐥𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐫𝐬 𝐜𝐨𝐦𝐞 𝐭𝐨𝐠𝐞𝐭𝐡𝐞𝐫 𝐚𝐭 𝐏𝐑𝐂: Anuj Singh, Spencer's Retail Anuj Singh, managing director and chief executive officer, Spencer’s Retail, called the Phygital Retail Convention (PRC) an example of an ecosystem where retailers, brands, technology, and logistic providers will come together to discuss the retail industry. “I think in the PRC it’ll be good to see examples where not just retailers but the whole ecosystem of retailers, brands, some of the technology providers, and the logistic providers have worked together to make that happen,” he said. He said that the convention will be a platform to witness how collaborations take place between various sectors and how the availability of data collected by various functionalities can be shared to understand the industry better. Headquartered in Kolkata, Spencer’s Retail is an Indian chain of retail stores and a part of RP Sanjiv Goenka Group. The retailer operates across categories including food, personal care, fashion, home essentials, electrical and electronics. PRC will be the ultimate platform for powerful predictions, discussions, and insights by leaders of retail. ➡ To know more about the Phygital Retail Convention, click on the link below https://lnkd.in/enZ9Mpu 🗓️ 08-09 May 2024 📍 Jio World Convention Centre, Mumbai ➡Click on the link below to visit IndiaRetailing.com https://lnkd.in/gbyqyZAc #indiaretailing #retailodyssey #phygitalretailconvention2024 #prc2024 #retail #retailintelligence #futureofretail #retailinnovation #indianretail #credibleindia #retailindustry #qsr #retailinsights #retailnews #retailtrends #retailsector #prc

GH celebrates and salutes all the real warriors of #Retail. We understand and admire the effort of the workforce to meet the continuous & evolving needs of customers #RetailEmployeesDay #retailindustry #omnichannelretail

Bestseller India’𝐬 𝟐𝟎𝟐𝟒 𝐟𝐨𝐜𝐮𝐬 𝐭𝐨 𝐛𝐞 𝐨𝐧 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐬, 𝐜𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐣𝐨𝐮𝐫𝐧𝐞𝐲: Vineet Gautam Vineet Gautam, chief executive officer, Bestseller India, hopes 2024 will bring better business prospects than 2023, a year that witnessed a slowdown for retailers in India. He feels that the business has learned from their mistakes made in 2023 and is trying to correct them. He is though optimistic about the long term business potential of India and feels that the business will start to pick up in the next two quarters. “The industry is going to witness a much better positive vibe in the country post the election,” he said. On the expectations from the upcoming Phygital Retail Convention 2024 (PRC) to be held in May in Mumbai, Gautam added that there has been a lot of discussion going on online and omnichannel. “I think the PRC should talk a lot about physical retail because I think if you look at it post-COVID, physical retail has started to become strong. And I think a lot of D2C brands are also realising that physical is the next word. Let’s spend more time on the physical retail part, how to improve experiences, and how to win back consumers for physical retail,” said Gautam. Phygital Retail Convention will be the ultimate platform for powerful predictions, discussions, and insights by leaders of retail. ➡ To know more about the Phygital Retail Convention, click on the link below https://lnkd.in/enZ9Mpu 🗓️ 08-09 May 2024 📍 Jio World Convention Centre, Mumbai ➡Click on the link below to visit IndiaRetailing.com https://lnkd.in/g7NtcbCV Phygital Retail Convention | IMAGES Group | PRaChi AI #indiaretailing #retailodyssey #phygitalretailconvention2024 #prc2024 #retail #retailintelligence #futureofretail #retailinnovation #indianretail #credibleindia #retailindustry #retailinsights #retailnews #retailtrends #retailsector #prc

Takeaways from our recent interview with Mr. Jay prakash shukla, CEO of 1-IndiaFamilyMart and a Wooqer customer, shedding light on the evolving landscape of value retail in India post-COVID and the role Wooqer plays in enhancing their internal efficiencies. 🛒 Despite a slowdown in new store openings post-pandemic, the average bill value at 1 India Family Mart has surged by 17%, partially influenced by inflation. With spending power affected for 100 Cr individuals in India, their focus has shifted to purchases under INR 300, making value brands the sweet spot for these buyers. 💼 For 1 India Family Mart, post-COVID conversions have jumped from 38% to 45%, with a substantial 17% increase in bill sizes. Mr. Jay prakash shukla notes that while their growth trajectory post-COVID is promising, Tier 2 and 3 retail India is still 35% away from a full recovery. 🌟 Value retail is experiencing a rise in brand aspiration, and it is launching private labels to enhance customer loyalty before focusing on margin expansion. 🔄 Enter Wooqer: With Wooqer, Mr. Jay prakash shukla told us that monitoring KPIs has become more efficient, directly impacting conversion rates. The platform provides the team with valuable reference points for weekly and monthly performance, enabling a closer watch on business metrics. 📈 They have shifted from tracking manning per sq ft to tracking sales per person, citing Wooqer's role in enhancing manpower efficiency. With one click, they now have real-time insights into per-person productivity over weeks and months. 🔍 Stay tuned for more such insights from #LessonsFromTheGround, Wooqer's proprietary retail networking meet up, where meaningful conversations happen! 💼✨ #RetailRevolution #WooqerSuccessStory #ValueRetail #BusinessEfficiency Rashoo Kame Sarika Pandey Nakita Fernandes Monika Paliwal

Reliance Retail’s move to enter the quick commerce race with a new immediate delivery service in Mumbai and Navi Mumbai is a strategic and forward-thinking decision. By integrating this service into the JioMart Digital app's 'hyperlocal delivery' option and aiming for 30-45 minute delivery times, Reliance is leveraging its vast network of over 3,500 stores to provide a convenient and efficient service. Unlike competitors such as Zepto and Blinkit, which promise 10-minute deliveries, #Reliance is focusing on scalability and operational efficiency. This approach is sensible; it balances speed with a sustainable model that can be scaled nationwide. By hiring more delivery associates and partnering with an #EVbikelogistics provider, Reliance ensures that they can maintain the quality and speed of their deliveries while also promoting environmentally friendly practices. The collaboration with local Kirana shops under the JioMart Partner initiative is another brilliant aspect of this strategy. It not only helps in expanding the service to areas with fewer stores but also strengthens the local retail ecosystem by integrating small businesses into their supply chain. Starting this initiative in top metros and planning for nationwide expansion demonstrates Reliance’s commitment to becoming a major player in the quick commerce space. This thoughtful and scalable approach could very well redefine the standards of grocery and FMCG deliveries in India. #RelianceRetail #QuickCommerce #JioMart #HyperlocalDelivery #Scalability #Efficiency #SustainableBusiness #RetailInnovation

Recently got my quick commerce order through the e-commerce giant. The quick comm game has just begun in India. The total value of the entire grocery market in India is around $650 billion. Which is growing at 9% CAGR where 80% is offline. Where the trade is divided into majorly 3 parts in India. GT- (General Trade)- Kirana Stores/ Mom and Pop shops MT- (Modern Trade) Like Dmart and Smart bazar E-commerce where value players come like Flipkart and Bigbasket also Qcom players like Blinkit , Switty and Zepto are present. For TOP FMCG Brands Qcomm has become more than 33% of their ecomm business according to article by economic times. #qcomm #flipkart #10min #quick

𝐏𝐫𝐨𝐟𝐢𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐬𝐡𝐨𝐮𝐥𝐝 𝐛𝐞 𝐭𝐡𝐞 𝐦𝐚𝐢𝐧 𝐭𝐚𝐫𝐠𝐞𝐭 𝐟𝐨𝐫 𝟐𝟎𝟐𝟒: Shailesh Chaturvedi Shailesh Chaturvedi, managing director (MD) & chief executive officer (CEO), Arvind Fashions Limited said the company is cautiously optimistic and that its focus on profitable growth will continue this year. Chaturvedi added that there are a lot of smart execution plans with a focus on building categories and opening bigger and better-looking stores. “We are revitalising the growth of our brands, and we have done well as a company last three years or so and we hope to continue doing that,” Chaturvedi added on the company’s past performance. Speaking about the outlook for 2024, Chaturvedi added that the the focus of industry should be on profitable growth. Adding on to the expectations from the upcoming Phygital Retail Convention to be held in Mumbai in May 2024, Chaturvedi again pointed out that the above-mentioned things should be the central theme of PRC with a focus on how businesses can grow profitable. Phygital Retail Convention will be the ultimate platform for powerful predictions, discussions, and insights by leaders of retail. ➡ To know more about the Phygital Retail Convention, click on the link below https://lnkd.in/enZ9Mpu 🗓️ 08-09 May 2024 📍 Jio World Convention Centre, Mumbai ➡Click on the link below to visit IndiaRetailing.com https://lnkd.in/gRCppknm IMAGES Group | PRaChi AI #indiaretailing #retailodyssey #phygitalretailconvention2024 #prc2024 #retail #retailintelligence #futureofretail #retailinnovation #indianretail #credibleindia #retailindustry #retailinsights #retailnews #retailtrends #retailsector #prc