|Future Group to have over 1000 convenient stores in two years|
Future Group, which runs India's largest retail chain in both value and lifestyle formats, plans to increase the number of franchisee-based convenient stores to over 1,000 in the next two years. Currently, the company has 100 franchisee-based convenient stores in Delhi and 200 stores throughout Delhi, Bangalore and Mumbai.
Building A Digital Culture: How To Meet The Challenge Of Multichannel Digitization
Many traditional retailers and other customer-facing businesses have installed new digitally enabled organizations, processes, and systems. Their goal is to remain competitive by building multichannel experiences. However, even well-designed systems can be undermined by a company's established culture. The result is a divided company: one part moving into the future, the other clinging to traditional sales channels--and a delay in the much-needed transition to a multichannel operating model.
Thriving In The Era Of Constant Change: Challenges In The Textile And Apparel Industry
The global textile and apparel industry has evolved as distinct consumption and production hubs. Production, which was previously located in developed economies such as the USA and the EU has, over the years, shifted to India, China, Bangladesh etc. due to the cost advantage offered by these developing economies. However, with demand from developed economies slowing, the global textile and apparel industry expects to see continued demand from developing economies due to their faster economic growth.
China's E-Tail Revolution: Online Shopping As A Catalyst For Growth
Over the past few decades, China has made great strides in catching up to the level of industrialization in other major economies. At the heart of this transformation has been a massive wave of investment and an unprecedented migration from countryside to city in support of export-led manufacturing. The next stage calls for a sharper focus on productivity and a better balance between investment and domestic consumption as drivers of growth--and this crucial turning point has coincided with the arrival of the Internet revolution in China. In this report, the McKinsey Global Institute (MGI) analyzes the clear incremental effect that online shopping is already having on private consumption in China.
Investing In India
In a bold move, the Indian Government recently made major changes to its Foreign Direct Investment (FDI) rules relating to the retail sector. In this briefing, we look at who can now invest in the Indian retail sector and what restrictions and challenges they face. We also look at the activities of international retailers who already have a presence in India.
8 Social Media Tips For The Retail Industry
The retail industry has consistently been a frontrunner in terms of the adoption of social technologies. Inspired by the success of online retailers like eBay and Amazon, traditional retailers have demonstrated a degree of openness towards new technologies, social media included, that is rivaled by very few industries. This paper outlines eight simple steps that will allow companies in the retail industry to build their strategies in order to best take advantage of the opportunities presented by social media in all facets of their business.
The Connected Consumer: Evolving Behavior Patterns
The web serves as the Grand Bazaar of our times where anything is available and the prices are as varied as the merchants who sell their wares. Despite the myriad options, the deal seeker mindset prevails and will continue to be a force for the unforeseeable future.The web's convenience has proven to be unparalleled. Reasons are plentiful and likely to expand as more shoppers experience the web and become tomorrow's connected consumers. Retailers must be ready now as control has clearly shifted to consumers.
Introduction To The Indian E-Commerce Industry
The Indian eCommerce Industry has grown tremendously since 2007 and is now taking a breath and re-energizing itself for the epic growth to come. As the "Winner Take All" models are abandoned and ventures restructured to build sustainable enterprises, the need for knowledge and best practices becomes even more essential. In this report an attempt has been made to create an introduction to the current Indian eCommerce landscape.
Transforming Apparel Business
Apparel Business globally is a labour-intensive activity, with strong dependence on product development, process engineering and manufacturing efficiency. Like any manufacturing activity, the key pillars to achieve the deliveries have been man, machine and material. However, in more recent times a new dimension of focus was added and the approach changed to PPT i.e. People, Process and Technology. With some more deliberation, the approach further added the aspect of location creating a more robust and more encompassing model - PPTL i.e. People, Process, Technology and Location.
E-Commerce Fulfillment Execution Essentials
When it comes to retail, no sales channel is growing faster than e-commerce. Online sales continue to gain traction, enabling retailers to not only grow but to increase customer loyalty. And e-commerce is no longer restricted to developed markets such as the U.S. and UK; it is a global phenomenon. This paper will identify six focus area essentials that e-commerce fulfillment centers must deliver, and provide strategic enablement recommendations that retailers can implement to address and overcome challenges.
Wal-Mart's Labor Problem: Limits To The Low-Road Business Model
Two thousand and twelve, the year of Wal-Mart's 50th anniversary, has proven to be a momentous year for the world's largest retailer, though not in the way company officials anticipated. This year, in the wake of a major scandal involving the apparent violation of the Foreign Corrupt Practices Act, the company faced an unprecedented revolt of shareholders. With signs that the company is facing increased unhappiness among Wal-Mart associates, there may be major challenges in the company's future.
FDI In Retail: How Can It Benefit India's Farm Sector?
Opening up the multi-brand retail sector to FDI will help develop and modernize India's farm sector and generate higher incomes for certain farmers. Yet, the story is a bit more nuanced. Large corporations such as Walmart and Carrefour are less likely to work with the millions of small farmers in India that comprise over 83% of the sector. Therefore, in order for small farmers to truly realize the benefits that FDI can provide, they must adapt and pursue other routes.
Our report on Digital POS provides an up-to-date overview of trends and opportunities in digital retail technology implemented at the point of sale. We identify three key trends for retailers: the rise of Assistive Retailer Technology (ART) to help retailers sell smarter, new Assistive Consumer Technology (ACT) to help customers shop smarter, and next-generation 'retailtainment' technology to enhance the in-store experience through entertainment.
Retail has long been challenged with keeping pace with technology solutions that become mainstream for consumers and other industries. Some may point toward the complexity of storewide systems, while others identify organization and budget restraints. However, now more than ever, advanced technology has become business critical for retailers as they aim to deliver great customer experiences, optimize their work forces and coordinate their supply chains.
|Changing Times, Changing Roles |
Global Retail Development Index (GRDI) 2011 has ranked India as the fourth most attractive nation for retail investment, among 30 emerging markets. HR is steadily moving up the value chain and becoming a critical stakeholder for the Industry. The dynamic nature of this market has made availability of talent indispensable for survival. The need for focused talent attraction, development and retention strategies has made it imperative for HR, traditionally seen as a support function in retail, to step up and take on a more strategic role.
|Texplas Lifestyle India Pvt. Ltd||SBU Head|
|Aditya Birla Retail Limited||Head Sales and Activation - Processed foods & Beverages - B&M - Aditya Birla Retail Limited|
|M/S V S T Motors Ltd||Senior Manager / VP|
|Frontline Clothing India Ltd||Senior Manager / VP|
|Avery Dennison||Senior Manager / VP|
|Spring Leaf Retail Pvt. Ltd.;||A.V.P. Operations.|
|PUG Securities||AVP-Institutional Research|
|Hariyali Kisaan Bazaar||Business Unit Head - Life Style & New Retail Projects|