
The retail industry starts another year with new goals, objectives, mission and T hopes. Another year, where the threat of the pandemic is still looming large globally, the industry cannot afford to take the step off the pedal and is gearing up for another set of challenges associated with it.
The year 2022, was a good turnaround for the industry as we witnessed every segment of retail recording a reasonable revival rate, both in terms of profits and footfalls. India's retail trading sector attracted US$ 4.11 billion FDIs between April 2000-June 2022. According to data released by the Ministry of Statistics &Programme Implementation (MOSPI), India's Consumer Price Index (CPI) based retail inflation stood at 6.77% YoY in October 2022.
Categories That Stood out
The reports and analysis from Retailers Association of India (RAI) states that retail businesses across regions have indicated growth in sales as compared to pre-pandemic levels pan India. with West India signaling growth of 25%, while South India and East India indicate a growth of 18% each followed by North India at 14% as compared to sales levels in October 2019.
Top Stories: 2022
→ Reliance Retail, part of Mukesh Ambani's Reliance Industries Ltd. (RIL), became India's biggest brick-and-mortar retailer with over 16,600 stores. It is ranked 56th amongst the top global retailers with USD 18 billion in revenues and is the world's second-fastest-growing retail company behind only South Korea's Coupang. The Group acquired German retailer METRO AG's Indian cash and carry business along with assets in a ₹2,850 crore-deal in December.
→ Reliance Retail Venture Ltd. (RRVL), acquired a majority stake in leading couture house Abu Jani Sandeep Khosla (AJSK), Purple Panda Fashions (that owns and operates the Clovia business) and domestic robotics company Addverb.
This story is from the January 2023 edition of Images Retail.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 2023 edition of Images Retail.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In

Building the Midmanagement is Critical in a Scaling Organisation
Nirav Jagad, Chief People Officer of Sugar Cosmetics speaks about ensuring the right! opportunities for the right talent in a complex omnichannel organisation that is on a fast track to growth

Uppercase Upping the Ante
Travel gear brand Uppercase is upgrading the standard of luggage in India through innovative approach and prodcuts and sustainable practices

The Strategy is to Go City by City and Saturate Each
Gerard McGurk, Head of Retail and Commercial Operations at Index Living Mall and Mahesh M, CEO, Creaticity speak about Thailand's numero uno furniture brand's strengths, its India entry and strategy

Design and Experience Differentiate Indriya from Competitors
Sandeep Kohli, CEO of Aditya Birla Jewellery’s Indriya about the brand’s strengths, strategies and aspirations

At Good Glamm, AI Chatbots Have Slashed Workload by 70-80%
Deep Ganatra, Chief Product & Technology Officer (CPTO), The Good Glamm Group sheds light on the role of technology in the beauty and wellness industry and its impact on personalisation

How Blinkit, Swiggy Instamart, Zepto and Others are Redefining Shopping
A quick snapshot of India’s quick commerce landscape highlighting key players, challenges and opportunities

Electronics and Q-commerce: A Marriage of Convenience
Why more and more electronics and gadget brands are taking to q-commerce

5 ways D2C Brands Can Leverage the Power of Technology
The direct-to-consumer (D2C) market in India is at an exciting juncture, with brands redefining how they operate, innovate, and engage with consumers. But what does the future look like for these brands as they adopt technology?

The Business of Offering Immersive Experiences
Shopping centers are using immersive experiences to attract more shoppers and boost business

5 ways D2C Brands Can Maintain the Growth Momentum
D2C brands should embrace a customer-first mindset, leverage technology, and know when to expand offline to keep the growth momentum going