Images Retail - December 2020
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December 2020 issue Digital Access. - Magazine Details
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In this issue
As we get set to welcome 2021, it is time to acknowledge 2020 for being a very revolutionary year in terms of retail globally. COVID-19 threw the Retail & Shopping Centre industries globally for a loop for almost the entire year. Lakhs of people lost their jobs around the world and a number of businesses remained shut for almost half the year, some even more than that. Such was the impact of the pandemic that many businesses shut down permanently. Lockdown, Unlocking, Social Distancing, Technology, Adaptation, E-Commerce, essential services were some of the keywords of 2020, the highlights of the year in retail in a manner of speaking. As the decade comes to an end, 2020, with its unprecedented challenge, has unexpectedly contributed to the growth of retail. Despite the pandemic, the year turned out to be a big opportunity for retailers, forcing them to adopt technology and go Omnichannel, something which many players were still just thinking of.Even small retailers – whohad no choice but to look to innovation to help them navigate the crisis – adapted. New trends, experiential, innovation and multichannel retail continued to shine and change the rules of the game successfully.
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HUGE STEP TOWARDS RECOVERY: BRANDS RECORD PRE-COVID LIKE SALES DURING FESTIVALS
Better consumer incomes and demand patterns over the past few months suggest a better situation for Tier III/IV geographies. E-commerce trends also suggest a similar pattern…
URBAN SQUARE UDAIPUR WILL CHANGE THE RETAIL LANDSCAPE OF RAJASTHAN – Uddhav Poddar
In an exclusive chat with IMAGES Retail, Uddhav Poddar, Managing Director, Bhumika Realty, talks about how Rajasthan can be a new hub for modern retail with infrastructures like Urban Square and other malls. He also emphasised on the vision, progress and road ahead for the brand.
GROWELL'S 101 MALL CELEBRATED THE RETAIL SUPERHEROES ON 'RETAIL EMPLOYEES DAY 2020'
AMAZON REPORTS 60 PERCENT INCREASE IN WORLDWIDE SALES, BLACK FRIDAY REPORTS IN-STORE SHOPPING DROP
The economic downturn and uncertainty caused by the Coronavirus pandemic means 65 percent of people feel a high level of economic insecurity and are less willing to spend money. Contreras believed that for the moment, the crisis means it is appropriate to consume wisely…
Ad-Hoc Local Lockdowns Detrimental to Recovery of Indian Economy
Although the intentions are that of citizen safety and social distancing, the recent instances of local lockdowns and ad-hoc restrictions being imposed in UP, Maharashtra, AP and Karnataka are making a distressing impact on retail businesses, says RAI...
Research: The New Retail Reality
A report by KPMG in India and Retailers Association of India (RAI) sheds light on how the pandemic has led to a change in consumer behaviour and more importantly how the retail space is undergoing a complete makeover…
Parivartan: A Platform to Collaborate & Innovate for Retailers
The event by TRRAIN was a virtual open forum where retailers from across formats and departments came together to brainstorm about the ‘new normal’…
Gender-Neutral Beauty Brands Shatter Traditional Retail Stereotypes
Over the years, there has been a gradual change in consumer preferences towards cruelty free, natural, and organic products. This change has now evolved enough to include gender-neutral beauty products as well…
Contactless Technology & the Future of the Foodservice Industry
The dine-in sector saw a drop of 6 percent in the number of restaurants in the first week of March, another 20 percent in the subsequent week. It all came to a standstill from April and lasted till mid-June. The only option left for many restaurants amidst the chaos was to become takeaway and delivery only outlets, explain foodservice industry leaders, while outlining their strategy to overcome the COVID era…
E-COMMERCE REPORTS STEEP INCLINE IN Q2 PROFITS GLOBALLY
Riding on the surge in demand in the COVID-19 times, online retail sales in Asia will grow from US$ 1.5 trillion in 2019 to US$ 2.5 trillion in 2024, with a compound annual growth rate (CAGR) of 11.3 percent…
