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.
Bu hikaye Images Retail dergisinin January 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Images Retail dergisinin January 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
McDonald's The Maharaja Mac Of Transit Retail
While McDonald’s serves as a great example of successfully Indianising a global brand, it is also an insightful case study in strategically making transit retail work
Founders, Market are Key for D2C Investors
Investors and brands across the retail landscape are the crucial factors considered when raising funds
Powering Consumption Growth India's Home and Household Market Report
The report from Deloitte India projects that India’s home and household market is witnessing strong demand, particularly in tier 2 and tier 3 cities that are emerging as growth hubs
Tech Infra Readiness Among Top Challenges in GenAI implementation
Tech infrastructure readiness is one of the top three challenges organisations in the technology, media, and telecom (TMT) sector face when implementing Generative AI (GenAI) solutions, a report stated.
Amazon India Introduces AI Chatbot Rufus Ahead of Festive Sale event
E -commerce major Amazon India launched a new generative AIpowered conversational shopping assistant, Rufus, ahead of the start of its festive sale event.
'Fusion of Art and Commerce Helps Virtuous Retail Create Culturally Rich Shopping Environments'
Sumi Gupta, board member of VR South Asia, who spearheads all things art and culture at the group, talks about the unique approach of curating art festivals in retail spaces to foster a deep community connection and drive commerce
Jumboking's Travel Retail Journey
About 95% of Jumboking's outlets are positioned at busy transit hubs benefiting from the high foot traffic these places enjoy
What's Driving the Success of Electronics on Q-commerce
Electronics are among the hottest selling items on q-commerce. Here's what's driving the trend and why the collaboration is a win-win for all stakeholders
Measuring the Influencer Effect
Influencer marketing has become a core part of every brand's marketing. But does it really benefit brands?
Mid-range Smartphone Users Lead in Premium Product Engagement
The study, conducted by Bobble AI’s Market Intelligence division, delves into the online shopping behaviour of smartphone users
