Images Retail Magazine - January 2023

In this issue

New Year, New Hopes
There is a lot happening in the retail industry in terms of retail experience, technology and expansions. The industry seems to have overcome the bump in its growth trajectory caused by the pandemic and is back on track to achieve its expected growth of USD 1.5 trillion by 2030. The Indian e-commerce industry, on the other hand, is expected to surpass USD 350 billion by 2030, growing at a Compound annual growth rate (CAGR) of 23 per cent.
The threat of the pandemic, and global inflationary pressures notwithstanding, the environment appears conducive to the growth of retail.
A pro-consumption budget and more business-friendly policies will give the desired push to help the retail and allied industries in unlocking their latent potential.
In that sense, 2023 will be a crucial year for retail.
We got talking to some of the leading founders and CEOs from retail brands across India to know their vision for growth in 2023 and the strategies and plans they are putting to work. It was heartening to learn about the kind of work that is being put in various areas of retail.

Domino's Pizza Opens its First Drive-through Restaurant in East India

Domino’s Pizza, a multinational pizza company has launched a new outlet at Symphony Mall, Bhubaneswar which happens to be the brand’s first drive-through restaurant in the Eastern side of the country, stated Suddhasheel Choudhury, Deputy General Manager/ Regional Business Development head, East India at Jubilant FoodWorks Ltd.

1 min

FreshToHome Enables 3.6 Crore Deliveries in 2022

Online fish and meat delivery platform FreshToHome has made 3.6 crore deliveries this year across all product categories, the company said in a statement. It received over 68 orders per minute on its the app.

1 min

Nivea Parent Company Beiersdorf Gets Triple A' Sustainability Rating by CDP

International nonpro t organisation CDP has recognised the sustainability e orts by Beiersdorf AG, the company that makes Nivea among other skin care products.

1 min

H&M Slashes 1,500 Jobs in Cost-cutting Effort

H&M will reduce its workforce by 1,500 positions as part of its previously announced cost-cutting program.

1 min

'We Have Always Been Hungry for Expansion and Desire to get Closer to our Consumers' - Alok Tandon

Inox so far has added 7 cinemas and 37 screens in this financial year including a 3-screen multiplex in Srinagar. The upcoming cinema launches lined up in cities are Hyderabad, Vijayawada, Delhi, Patna, Indore and Dharwad.

9 mins

The Demand for Experiential Retail to Grow in 2023

In 2023, retail in India is expected to grow better than all other key markets globally with Omnichannel becoming the norm for the retailers. Concepts like these will enable millions of small retailers to participate in digital commerce.

6 mins

Being 'Digital First' is the Way to Survive in the New Retail World - Sanjeev Rao, CEO, Being Human Clothing

To enhance the in-store experience, Being Human has introduced mobile POS that helps with faster checkout and makes the process seamless.

5 mins

Lacoste to Make Online Channels More Robust Going Forward - Rajesh Jain, MD and CEO, Lacoste India

Lacoste to continue strengthening the omnichannel network. The brand aims to keep upgrading the boutiques to provide more premium experience to customers visiting the stores.

7 mins

Brand Concepts to Expand in Tier II & III Cities in 2023 - Abhinav Kumar, CEO, Brand Concepts Ltd.

With fashion and design being the core, Brand Concepts Ltd. will continue focusing on adding more licensees in the travel gear, handbags and small leather goods in 2023.

3 mins

Neeru's to Focus on Omnichannel Retail and Mobile Commerce for a Seamless Shopping Experience - Avnish Kumar, MD, Neeru's

The presence on social media helped Neeru's acquire a voice and mobile commerce, which helped them to know the customers and in generating good sales around all the marketplaces and in-store.

3 mins

Kapsons to Target the Tier II & III markets in North for Expansion in 2023 - Darpan Kapoor, Vice Chairman, Kapsons

The brand aims to see more expansions in Tier II cities in the North, while increasing the square ft. area by 40% and retaining the growth rate of 25%. The idea is to disrupt the markets where the brand holds trust all the while garnering more exposure, especially amongst the youth.

3 mins

Mad Over Donuts to Roll Out Outlets in Baroda, Ahmedabad, Hyderabad, Kolkata and Tier II/III Markets in 2023 - Tarak Bhattacharya, ED, Mad Over Donuts (MOD)

Starting out as an organised retail chain in 2008 to serve gourmetstyle, freshly made donuts in India, MOD has grown from a single outlet in Noida to over 100 stores panIndia. It has cloud kitchens and offline presence across Mumbai, Pune, Delhi, Bengaluru and Chennai, along with a thriving online presence.

8 mins

Sustainability is the key for Brands in Future - Mandar Gaonkar, Assistant General Manager (E commerce), Texperts

Texperts expansion plan is to increase the depth in limited categories, options, and choices. The focus remains on Tier I IT cities by increasing the choice in options offered to customers and increasing the channel of sales.

3 mins

Metro Brands to Expand into Tier II & III Cities in 2023 - Nissan Joseph, CEO, Metro Brands Ltd.

The brand is looking forward to building the athleisure segment, especially with the recent acquisition of FILA and Proline.

3 mins

Retail's Relay Across Tier II Cities!

Retailers and mall developers are looking to leverage the buying power of the populace residing in these cities. In addition, growing Internet usage has whetted the appetite for quality products in these areas, thus giving a fillip to malls and e-commerce.

3 mins

Will Retail Bounce Back As The Most Preferred Mode Of Shopping?

Consumers are now beginning to feel the brunt of online fatigue’ The endless scroll and blue-screen exposure from running business meetings to shopping online are taking a real toll

4 mins

Here's What India Ordered on Q-Comm in 2022

While Borzo reveals that food and clothes were the top category ordered, Dunzo Daily’s latest data suggests that onions, tomatoes, and potatoes were the most ordered veggies in all cities.

2 mins

Adaptability that Retail Platforms Seek

The report examines the work conditions of platform workers on digital labour platforms in India. It evaluates 12 platforms offering location-based services in sectors such as domestic and personal care, logistics, food delivery, e-pharmacy, and transportation in India.

3 mins

How Digital Payments are Driving India's E-Commerce

The rampant increase in smartphone users and easy accessibility to the Internet are some major boosters for this expansion. Keeping in line with the Digital India movement, more and more companies are building a presence online to reach the masses.

2 mins

Government Decriminalizes Key Acts Applicable to Retail Businesses

Decriminalization of the Legal Metrology Act and Food Safety Act, which are applicable to retail businesses on a day-to-day basis will greatly reduce the impediments of operating a retail business in India.

2 mins

Read all stories from Images Retail

Images Retail Magazine Description:

Launched in 2003, IMAGES Retail magazine took on the task of analysing the emerging organised retail industry at a time when the industry itself had little data to work on. The magazine covers the gamut of Indian and International movements in retail technology, logistics and supply chain, store formats, store design, retail real estate, franchising and human resource, besides reporting on significant directions within India’s sunrise industry.

The magazine is widely acknowledged India’s leading retail intelligence publication for decades now, providing news, insights, research & analysis, intelligence and data covering retail operations across all Indian markets.

The mission of the monthly B2B magazine – published exclusively for the retail industry – is to bring industry leaders and brand owners up to date with the latest in retail technology & innovations, provide them with in-depth research, studies and analytical, insightful features which help them grow their businesses in India. The magazine aims to spark ideas and shape agendas for decision makers in India’s competitive retail industry.