Baqar Iftikhar Naqvi

Eyewear omnichannel retailer Lenskart reported a 5% jump in its profit to Rs 144 crore for the fiscal year ending March 2024 even as the Gurugram-based company’s revenue surged 33% to Rs 3,376 crore, data sourced from business intelligence platform Tofler showed. Lenskart.com | Tofler.in | Peyush Bansal Click on the link below to know more.... #retailnews #retailtrrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

5

Shahroz Mirza, Business Head of ethnic wear brand Meena Bazaar, which has 30 stores across the country, speaks to Sandeep Kumar, Assistant Editor, IMAGES Group on its recent store in Ayodhya, and how the chain is using technology and data analytics to cater to the aspirations of consumers in non-metro cities and collaborates with hyper-local influencers to establish a deeper connect in the regions. SHAHROZ MIRZA | Meena Bazaar Click on the link below to know more...... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

5

Panel Discussion - Strategic Evolution: How Retailers are Shaping the Future of Growth and Expansion Moderated by Bijou Kurien, Chairman of the Retailers Association of India, this panel brings together leading experts to discuss the evolving landscape of retail, focusing on strategies driving growth and expansion in the industry. GUNJAN SHAH, MD & CEO, Bata India Limited., discussed how Bata, as a long-established retailer, has adapted to changing consumer expectations. He emphasized the growing aspiration across India and the importance of staying ahead of the curve with faster turnaround times and a vast store network. Bata’s quick-commerce strategy also caters to customers expecting deliveries within minutes, with 600 new franchise stores in the past three years. Lalit Agarwal, Founder & MD, V-Mart Retail Ltd. & Chairman - RAI Delhi Chapter, highlighted the untapped retail opportunities in cities like Varanasi, Agra, and Gorakhpur, where retail options are limited. He stressed the need for transparency in pricing, excellent service, and effective customer engagement. He pointed out that retail offers great potential, especially in India’s large population, and retailers should aim for customer retention through exceptional service. Rajesh Jain, MD & CEO, Lacoste India, emphasized that consumers expect a seamless experience across both online and offline platforms. Lacoste ensures consistent pricing and promotions, targeting markets with government data. He also mentioned the importance of understanding demand by engaging with diverse customers across regions, focusing on value and new collections. Shriti Malhotra, Group CEO, Quest Retail Pvt. Ltd. (House of Beauty), shared how Quest Retail expanded from a single brand to 10 brands, benefiting from the beauty sector’s growth post-COVID. She noted that consumers now rely heavily on online reviews and research before buying. In-store experiences are evolving with technology, such as machines that analyze skin conditions and suggest suitable products. T Koshy, MD & CEO, Open Network For Digital Commerce (ONDC), discussed the critical elements for retail success, including working capital, warehousing, supply chain, and logistics, highlighting their importance for smooth operations and competitiveness in a dynamic retail landscape. #RetailLeadership #Retailinnovation #AdventureAndAchievement #VisionaryLeadership #RISE2024 #RetailSummit #Inspiration #BusinessAndAdventure

51

2 Comments

Rajasthan has emerged as one of the most promising regions for the consumer electronics category on Amazon. Amazon Click on the link below to know more.... #retailnews #retailtrrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

1

𝐒𝐭𝐲𝐥𝐨𝐱 𝐁𝐚𝐠𝐬 ₹𝟐𝟎 𝐂𝐫𝐨𝐫𝐞 𝐭𝐨 𝐒𝐜𝐚𝐥𝐞 𝐈𝐭𝐬 𝐃𝐞𝐧𝐢𝐦 𝐅𝐫𝐚𝐧𝐜𝐡𝐢𝐬𝐞 𝐄𝐦𝐩𝐢𝐫𝐞 Stylox, a leading name in the denim apparel industry, has successfully raised ₹20 crore in its latest funding round. The capital will fuel the brand’s ambitious plans to expand its franchise network across key markets in India, solidifying its position as a prominent player in the denim segment. The funds will be strategically utilized to enhance the company’s supply chain, introduce new product lines, and establish a stronger presence in untapped regions. With this expansion, Stylox aims to bring its signature blend of style and affordability to a wider audience. Read More: https://lnkd.in/gvRA9vGk Stylox Fashion Pvt. Ltd. Deepti Marwah GAGAN MARWAH Garment Show of India Apparel Fashion Forum (AFF) #Stylox #Fashion #Investment #Retail #GSI #AFF #Exhibition #Tradeshow

4

🌟 NHBC Management Consultancy: Empowering FMCG Brands to Reach New Heights 🌍 We specialize in providing comprehensive FMCG solutions across India. With a robust distribution network spanning General Trade, Modern Trade, HORECA, E-com, Institutions (CSD, CPC, and IRCTC), we ensure our clients' products reach every corner of the market efficiently. Our extensive experience in the FMCG sector allows us to deliver end-to-end solutions, from brand creation to nationwide distribution & successful marketing. 🚀 Key Achievements:🏋‍♀️ In a short period, NHBC has successfully helped build and scale iconic FMCG brands:⏬️ BumSuit Baby Diapers: Rapidly expanded to become one of the top brands in the baby care category, growing by 40% month-on-month 📈 Mauri Herbals: Elevated from a niche brand to a market leader in herbal wellness with 300% sales growth in its first year 💚 Gangotri Camphor: Increased market penetration by 50% in just 6 months, becoming a household name in the spiritual and wellness segment 🌿 TGB Bakery Products: Established a strong presence in the bakery foods segment with a 45% increase in retail distribution 🥐 📊 Our #Winning Formula✌️ We pride ourselves on delivering results-driven strategies that combine expertise, innovation, and dedication:⏬️ Professional Team: With a team of 400+ experienced professionals, we bring deep industry knowledge and specialized skills to each project. 👩‍💼👨‍💼 Strategic Partnerships: We collaborate with 500+ financially reputed channel partners, including C&F Agents, Super Stockists, and Distributors. These partnerships drive both national and international success 🌍🤝 Product Launch & Brand Building: Our process for product launches is strategic and tailored to ensure immediate market impact and sustained growth 🎯 Marketing Excellence: We lead impactful ATL/BTL marketing campaigns, targeted promotions, and retail activations 🚀📢 Training & Development: We conduct regular training programs for teams, ensuring they have the tools and knowledge to succeed 🔧🏋‍♀️ 💡 Our #Leadership: Experience in the FMCG industry, our leadership team combines strategic vision and hands-on expertise to drive growth and deliver results. Our deep commitment to excellence, innovation, and sustainable growth sets us apart as a trusted consultancy partner.🤝 Why Choose NHBC?📌 Dedicated Leadership: Our founder brings over 3 decades of experience in shaping and guiding FMCG brands through market complexities 🔑 Custom-Tailored Solutions: We offer end-to-end services, from brand conceptualization and product development to distribution strategies and sales marketing solutions 🎨 Proven Results: Our success stories and measurable growth speak for themselves 📊 🌱 Our Promise: At NHBC, we don’t just create brands — we build thriving businesses. Every project we take on is executed with dedication, precision, and unwavering energy. 🔥 ✳️ Courtesy:New Horizon Business Consultants (www.nhbconsultants.com)

37

15 Comments

Retail is no longer just about shelves and sales, It's a narrative nowadays. It was an honor to learn from Mr. Kishore Biyani, the visionary behind Future Group India, at Proficorn 2024. His practical wisdom on retail and leadership left a deep impression. ➡️ The Evolution of Retail ↪ He mapped out the industry’s journey: ↪ Modern Retail → E-commerce → Quick Commerce ↪ Each stage reflects faster service, greater efficiency, and a sharper focus on customer needs. ➡️ Content Meets Commerce ↪ He emphasized the growing role of storytelling in driving sales, showcasing how experiences now fuel customer loyalty. ➡️ Future Group’s Secret Sauce ↪ Color Coding Strategy: Using visuals to guide and engage customers. ↪ Visual-First Approach: Prioritizing store aesthetics and functionality. ↪ Family-Centric Design: Creating spaces that resonate with families, like their memorable "kid on trolley" story. ➡️ Leadership Lessons ↪ Spreading happiness in personal and professional life. ↪ Constantly evolving strategies to stay ahead. ↪ Leading with a giving mindset for collective success. ➡️ The Core Principle ↪Happiness isn’t just an outcome—it’s the foundation of purposeful growth and leadership. ✔️ Takeaway: Kishore Biyani’s insights taught us the importance of aligning business strategies with empathy and innovation. His timeless lessons will continue to inspire retail leaders and entrepreneurs alike. Thank you, Rajiv Talreja & Karan Hasija, for the opportunity to learn from one of the greatest minds in retail! #RetailLeadership #CustomerFirst #Proficorn2024 #BusinessWisdom #HappinessInGrowth

28

6 Comments

Unlocking seamless connections across every channel, our Managing Director - Mr. Swarndeep Singh envisions an Omni Channel Experience at PRC 2024 that exceeds business expectations. #PRC2024 #retailinnovation #phygitalretailconvention2024 #retail #futureofretail #retailindustry #retailers #LogicERP

44

1 Comment

Fashion brand Powerlook looks to hit a gross merchandise value (GMV) of Rs 300 crore this financial year, clocking a more than twofold growth over the last year. Powerlook | Raghavendra Pawar | Amar Pawar   Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

17

The Changing Face of Retail: A Call for Adaptation in India’s Small Business Sector The rise of e-commerce and a shift in consumer preferences are transforming the retail landscape in India. A recent article in Dhanam Magazine shared a concerning report from the All India Consumer Products Distributors Federation (A.I.C.P.D.F.): over 200,000 small grocery stores across India have closed within the past year. It’s a wake-up call for everyone involved in the sector. The rapid growth of e-commerce platforms, particularly in metropolitan areas, is reshaping consumer behavior. With convenient online shopping options and attractive discounts, urban consumers are increasingly turning to digital platforms, pushing traditional grocery stores into a tough spot. Unfortunately, small retailers often lack the capital to compete directly with these e-commerce giants. However, it’s not just about market share. One key reason for these closures is a broader issue: the reluctance of many small businesses to adapt to changing consumer expectations. In today’s world, customers value convenience, digital payment options, and even doorstep delivery. Small businesses that stick to traditional methods may be inadvertently limiting their potential reach. By embracing even simple tech upgrades, like digital payment solutions, inventory management tools, or social media presence, small retailers can engage better with modern customers and increase their resilience against market disruptions. The A.I.C.P.D.F. is urging the government to address the impact of e-commerce giants and protect the future of India’s small business sector. But we must also ask: how can small businesses themselves evolve to stay competitive? Let’s use this as an opportunity to discuss how traditional businesses can leverage technology for sustainability and growth. What steps do you think small businesses can take to compete in a digital-first world? [small businesses, retail industry, digital transformation, e-commerce impact, market adaptation, business sustainability, technology adoption]

3

Mukesh Ambani's Reliance Retail Ventures is preparing to introduce the Chinese rapid fashion brand Shein to India, according to a recent article I read. This strategic move is the result of a four-year prohibition on Shein from the Indian market, which was part of a broader crackdown on Chinese applications. The return of Shein through Reliance's extensive retail network represents a substantial change in the rapid fashion landscape of India. Here are some key highlights of the article: Mukesh Ambani's Reliance Retail Ventures is preparing to introduce the Chinese rapid fashion label Shein to India, both online and in brick-and-mortar stores. This is a strategic move. Re-entry: This signifies Shein's return to India, four years after she was prohibited due to geopolitical tensions. Key Partnership: It is anticipated that Reliance will appoint former Meta director Manish Chopra to lead Shein's Indian operations, following their partnership last year. Portfolio Expansion: This partnership is a component of Reliance Retail's strategy to introduce global brands such as ASOS and Tiffany & Co to the Indian market. IPO Aspirations: Shein is considering a London listing, which would further emphasize its re-entry into the Indian market. Local Data Management: Shein will not have access to any sensitive data, which will be hosted and stored in India in accordance with local regulations. Market Competition: Shein will face off against Walmart-backed Myntra and Tata's Westside in the $10 billion rapid fashion market in India. #Reliance #Shein #FashionIndustry #IndiaRetail #BusinessExpansion #IPO #StrategicPartnerships Link to the article: https://lnkd.in/d4yidQiP

7

💰Lifestyle activewear brand Terractive raises Rs 8 crore from Fireside Ventures, DevC The company plans to utilise the funds to accelerate fabric development, enhance product innovation, cofounder Raena Ambani told ET. Read more at: https://lnkd.in/g2pEyYa7

2

Did you know that despite traditional retail dominating 70-80% of India's sales, only a fraction of this vast market is served by organized, professional models?   Where does this leave us in India's burgeoning retail market?   My journey to transform India's #distribution model is grounded in unlocking untapped potential. Traditional retail, a formidable force with deep roots nationwide, is only a fraction of the story. The integration of professional service models, currently at 0.1-0.2%, holds the key to the next phase of retail evolution in India.   Our approach at NextG Apex India Pvt Ltd, along with distribution, is about creating a symbiotic #ecosystem where brands, regardless of their size, can thrive. Our two-fold #businessmodel is designed to be as agile and adaptable as the brands we aim to support.   On one end, we have the shared cost model, which is a boon for emerging brands wary of the hefty investments typically required for market penetration. This model allows brands to share manpower costs, easy retail store penetration, significantly reducing their #market entry barriers while ensuring substantial market reach.   On the other end, our fixed-cost model is tailored for brands prioritizing dedicated efforts to push their products into the market. With exclusive sales forces, it ensures focused market #execution and #sales attention.    The potential for this nuanced, flexible approach in the Indian market is vast. With India's GDP as a backdrop, the opportunity for professional distribution houses like NextG Apex India Pvt Ltd to serve brands in a manner tailored to their unique needs is enormous. Comparatively, neighboring markets like Southeast Asia and China see 50-60% of their retail sales through professional service models. This stark contrast highlights the immense room for #growth and the pivotal role that NextG Apex India Pvt Ltd is set to play in this retail transformation.   Our #vision surpasses traditional distribution. We strive to foster #innovation and lead the retail revolution, positioning professional distribution models as a substantial part of India's retail sector in the next decade.   Are you a brand looking for innovative ways to penetrate the Indian market deeply and effectively? Wondering how a flexible, agile business model can fit your unique brand needs? Let's discuss how NextG Apex India Pvt Ltd's tailored approach can elevate your brand in India's dynamic retail landscape. #retail #business #offlinemarketing #nextgapex

26

Terractive, a Mumbai-based activewear brand, has raised Rs 8 crore in a Pre-Series A funding round led by Fireside Ventures and DeVC (Matrix Partners). The funding will be utilized to accelerate fabric development and enhance product innovation, positioning the brand to capitalize on India’s expanding retail and activewear segments. Read more: https://lnkd.in/gBb7nRnY Raena Ambani and Rahee Ambani Choksi, Co-Founders of Terractive Shuchi Pandya, Principal at Fireside Ventures Mohit Sadaani, MD at DeVC #retail #business #market #news #update #funding #expanding #innovation #apparel #fashion #brand Nimisha Bohra| Kanwaljit Singh| Dipanjan Basu| Siddharth Gupta| VS Kannan Sitaram| Adarsh Menon| Aakash Kumar| Rahul Mathur| Alex Peter

26

Reliance Retail’s omni-channel beauty retail platform Tira has exclusively launched global skincare and haircare brand Augustinus Bader in India. Augustinus Bader’s collection already is available on Tira - online and in select Tira stores in Mumbai, Delhi, Hyderabad and Bengaluru. Click on the link below to know more! https://lnkd.in/gx_kxQwS Bhakti Modi I Charles Rosier #Tira #beauty #skincare #haircare #omnichannel #Reliance #retailnews #retailtrends #retailsector #retailindustry #retailgrowth #retailing #businessgrowth #Indianretailmarket #retailresults #retailindia #retailupdates #retailsectornews #retailbusiness #ir #IndiaRetailing

161

Discover how the Union Budget 2024-25 is set to transform India's apparel industry! Dive into our latest blog for expert insights and key takeaways from the AEPC panel discussion. Click to read now - https://lnkd.in/giC3Cthg #UnionBudget2024 #AEPC #textileindustry #apparelindustry #globaltrade #economicdevelopment #indianapparel #tradefinance #apparelandtextilenews #SMEGrowth #textilesector #IndustryGrowth #readourblog Stenn Priyesh Ranjan

1

Dive into the latest tech survey exploring the adoption of self-checkout systems in retail, particularly in the apparel sector. While some praise its efficiency and customer satisfaction, others question its relevance in the Indian retail landscape. Discover industry insights and opinions on whether this technology is the future of retail checkout experiences. For more, read the detailed report here👉🏻 https://lnkd.in/gtFXuJ8Z #ApparelResources #SelfCheckout #RetailTech #FashionRetail #ApparelTech #RetailInnovation #CustomerExperience #RetailTechnology #RetailTrends #RFIDTechnology #BarcodeScanning #SmartRetail #RetailEfficiency #RetailAutomation #RetailSurvey #RetailSolutions #RetailFuture #TechInRetail #RetailTransformation #CustomerConvenience #SmartShopping #RetailInnovation #FashionTech #TechSurvey #RetailInsights #ShoppingExperience

6

2 Comments

Unlocking Global Direct Sourcing Opportunities for your brand in 🇮🇳 India>>> Sunday blues made me look back to my experiences as an e-commerce consultant (in sourcing) in personal electronics, where I've helped a few brands optimize their supply chains through OEM (Original Equipment Manufacturer) and ODM (Original Device Manufacturer) relationships in Asia. I'm penning down brief notes for brand owners to get started with their global sourcing plan. Firstly, identify your brand - is it A) a brand focused on innovation (with in house design engineering team), or B) a brand focused on distribution (with marketing and sales teams). A) For innovation focused brands, the first step is to engineer or reverse engineer your product into components - particularly microprocessors, core circuitry, pre-built components (like sensors, batteries, tweeters etc.) and casing. Microprocessors, depending on precision is best made in fabs in Taiwan and South Korea, whereas lower precision ones are available in China at a much cheaper rate. All other components are made available in China to their best possible workmanship - however, I would recommend only circuitry with microprocessor assembly to be done in China with an OEM. The remaining assembly of battery and casing can be then done with the same OEM's partner in India or Vietnam to reduce tariffs and having stockpiles of components away from China/Taiwan. The above also ensures that the final product in its casing is not immediately available to Chinese manufacturers who have weaker IP protection measures. B) For distribution focused brands, head straight to Hangzhou and Shenzen for a 10-15 day trip (and plan for subsequent ones every 6 months) - find an agent and establish relationships with manufacturers or tier 1 distributors for procuring samples and testing them rigourously to pass your ideal requirements. Ideally look out for manufacturers of existing big Chinese brands in India as they have access to the best talent and resources for making high quality products. Typically, MOQs for ODMs are typically lower than OEMs so you may get TWS Earphone MOQs of <1000 with ODMs vs MOQs of >10000 units for OEMs. So innovation comes with a huge initial cost but much higher profit margins once your supply chain is established. Whereas distribution focused e-commerce can be started with a lower capital but would require consistent quality ODM products on the supply side. P.S. listing some key requirements for Indian brands to import components and products: 1. Import-Export Code (IEC) 2. GST registration 3. AD Code for customs 4. Valid trade agreements understanding 5. Quality control processes 6. Reliable logistics partners ---------------------------- #InternationalTrade #Sourcing #Manufacturing #EcommerceBusiness #SupplyChain #AsianMarkets #IndianBusiness #eCommerce #Sourcing #SupplyChainManagement #ChinaSourcing #TaiwanSourcing #VietnamSourcing

3