Images Retail Magazine - July 2024

In this issue

The Value of Value Retail
Indians are value-conscious people. We seek value in anything we purchase,and this has driven the growth of value retail in the country not just in the hinterlands but also in the metros.

Backed by our voracious appetite for value, the country’s value retail market, which is currently valued at US$112 billion, is forecasted to surge to US$170 billion by 2026, at a robust compound annual growth rate (CAGR) of 15%, which far outpaces the broader retail sector’s expected CAGR of 10%, underscoring the sector’s resilience and potential.

The July issue of IMAGES Retail magazine, which is a Value Retail Special, presents a compelling narrative of a format poised for exponential growth. In recent times, Zudio by Trent Ltd. has emerged as the poster boy of the format, achieving unprecedented success and tempting heavyweights like Reliance Retail, Shoppers Stop, and Aditya Birla Fashion and Retail to step into the game with their value formats viz. Yousta, InTune and StyleUp respectively. V-Mart and V2 Retail have been leveraging the format for years.

68% MSME Retail Owners Witness Growth in Business Post-adoption of Digital Tech: Report

An overwhelming 68% Micro Small Medium Enterprises (MSME) in the country acknowledged the growth and beneficial impact of adopting digital technology on both their businesses and personal lives.

1 min

Two Years from Now, Zudio Should be Different From Today

Venkatesalu P, Chief Executive Officer and Executive Director at Trent Ltd. on keeping Zudio nimble and the need to innovate for staying relevant

5 mins

Taking Stock of India's Value Retail Market

An overview of the burgeoning value retail segment in India highlighting growth factors and key players

8 mins

Fashioning Rural India

One of the early entrants in the country’s value-retail space, V-Mart is today a 448-store strong chain with its presence across India

3 mins

Unboxing Value Beyond Metros

In its new avatar as a value-lifestyle marketplace, Snapdeal is focusing on steadily appeasing the non-metro consumers with UI enhancements, assortment expansion and multi-lingual features

4 mins

Efficiency is Our Mantra

Raghav Agarwal, Director, V-Bazaar Retail talks about the key strategies the brand adopts to compete in the competitive value-retail segment

3 mins

Ghodawat Retail Aims to be India's Largest Rural Retailer, Open 3,000 Stores by FY29 -Shrenik Ghodawat

Shrenik Ghodawat, Director, Ghodawat Retail Ltd. and Managing Director, Ghodawat Consumer Ltd., Sanjay Ghodawat Group, speaks about fulfilling the aspirations of real Bharat that lives in tier 4 and beyond

8 mins

June Saw 65% Increase in Store Launches.North Saw Double Growth

With over 123 new stores opening in the region, North led the charge

3 mins

Shop Smarter! How RetailGPT is Revolutionising the Shopping Experience with AI

In the bustling markets of India, where tradition meets modernity, RetailGPT emerges as a transformative force in the retail landscape. Developed by Pathfinder, this innovative platform is not just enhancing the shopping experience; it is redefining it through the power of conversational Al. Imagine a personal shopping assistant who not only understands your preferences but anticipates your needs and delivers tailored solutions across your favorite shopping platforms, all in one place this is the promise of RetailGPT.

2 mins

AstorMueller Plans 50 Stores in India in 3 Years - Sandip Kanti Baksi, COO

The company is aiming to open six exclusive stores and over 20 shop-in-shops by the end of calendar year (CY) 2024

5 mins

BY 2025, the FMCG market is Predicted to Grow to $220 Billion

The report provides an in-depth analysis of the current state of the FMCG sector in India and highlights future trends, focusing on the sector's workforce dynamics

4 mins

Ingka Centres is Focusing on Delivering Meeting Places that Can Make a Difference in the Indian Retail Landscape

Vasco Santos, Global Sales & Leasing Director, Ingka Centres, on the global shopping centre company's plans for India, the country's significance to its business, building spaces that foster communities

5 mins

Retail GPT is as Easy as Conversing

Sadique Ahmed Mohamed, Founder & CEO, Pathfinder talks about RetailGPT and how it seeks to redefine retail for all stakeholders, including shoppers

3 mins

What's Driving the Adoption of Mobile POS in India

More and more retailers are switching to mobile point-of-sales solutions due to benefits in the areas of billing, inventory, delivery, and consumer experience

2 mins

How will Tech Investments In Retail Turnout For 2024?

60% of industry professionals say investments in tech will increase in the remainder of the calendar year 2024

3 mins

5 Consumer Trends Dominating Retail

From increase in GenZ spending to channel switching, these consumer trends are driving growth in retail

3 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.