Vijay Sales, a leading consumer electronics retailer in India, has witnessed significant growth over the years by effectively adapting to changing market dynamics. With a focus on delivering quality products and excellent customer service, the company has built a strong brand presence in the West and North regions. By embracing digital transformation and optimizing its operations, Vijay Sales aims to enhance the overall customer experience and maintain its position as a trusted retailer in the rapidly evolving consumer electronics market.
In the fiscal year 2023 (FY23), the brand experienced remarkable growth, with an increase of nearly 30 percent in its topline revenue. This growth was primarily attributed to FY23 being the first year after the COVID-19 pandemic, allowing for a clean uninterrupted business year.
“However, the summer season in FY24 presented challenges, as unseasonal rainfall affected sales of air conditioners, coolers, and refrigerators. Despite this setback, we anticipate a growth rate of 15-20 percent for FY24,” said Nilesh Gupta, Director, Vijay Sales.
OFFLINE RETAIL STRATEGY
Esta historia es de la edición August 2023 de Retailer.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición August 2023 de Retailer.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
The Rise Of Value Retail
From High-end To High Demand, How The Affordable Fashion Wave Is Sweeping India And Creating Retail History.
How Circular Economy is Transforming Fashion's Fabric
As the fashion industry grapples with environmental challenges, the circular economy emerges as a transformative force. By redefining product life cycles and prioritizing sustainability, fashion brands are reshaping their practices to reduce waste and promote longevity.
INDIA'S DIGITAL DECADE
Around 62 percent of purchase decisions are now influenced by online discovery.
VALUE FASHION
With a significant presence in Tier II and III towns, V2, headlined by Akash Agarwal, has successfully positioned itself as a value-fashion destination.
EPICUREAN LEGEND ATUL KOCHHAR
From a small town in India to the heights of culinary fame, the Master Chef’s story is one of passion, innovation, and unwavering dedication.
How Delivery-First Model is Taking Shape in India
The sector is experiencing rapid growth, driven by a surge in working professionals, increasing smartphone penetration, and the rise of nuclear families.
How Brand-Designer Collabs are Revolutionizing Fashion & Lifestyle
For many brands, the motivation to collaborate with designers stems from a desire to offer something distinct and fresh to their customers.
NEW AGE INDIAN BRANDS DISRUPTING THE S6.8 BILLION LUGGAGE MARKET
As travel bounces back with renewed vigor, these brands are ensuring that travelers do so in style, with smart and sustainable luggage that meets the demands of the modern explorer.
The Friendly Neighborhood Malls Resurgence
The success of neighborhood malls hinges on understanding and catering to the local demographic.
THE EVOLUTION OF OUTLET MALLS IN INDIA
Outlets malls are not just about bargains; they represent a shift towards a more organized, experience-driven retail format, offering everything from premium brands to family-friendly amenities.