Images Retail - August 2021
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August 2021 issue Digital Access. - Magazine Details
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New trends and technology-led innovation has now become a well-versed conversation in retail and shopping malls are not far away from these insightful adaptations. However, with malls being closed for the better part of the year given the adversities of the second wave, now these spaces have majorly turned into a social arena. From vaccine drives to exclusive ‘coming back’ discounts and other campaigns for social causes, shopping malls are now voicing for the bigger cause and giving customers a safe space beyond their homes to mingle. Keeping this trend and transformation in mind, we have centered our cover story for this issue on ‘malls turning into social spaces’. In the August issue we exclusively bring to you some startup growth stories in India along with the success stories of big retailers. With heart-to-heart conversations, we also try to unfold the new ideas and business plans that can help retail brands plan their foray into online & ofline space. A recent report has also revealed that the e-retail market is expected to grow to $120–140 billion by FY26. This certainly indicates a boom and retailers are fast surfing on this online wave to catch up some sales and make up for the losses owing to the ‘nobusiness’ days during the early days of the pandemic.
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Customer Loyalty in Retail: Technology Trends
Customer loyalty has now become a very hard thing to get for any retailer as customers these days have an abundance of options to choose from when shopping in the highly competitive retail market. Global Data Thematic Research highlights the key technology trends impacting the customer loyalty theme.
Destination Korea – In just a click!
Korikart brings in a flavour of Korea right to our doorstep. This marketplace brings multiple Korean favourites, all at one place. Brands like The Saem, Plan 36.5, Jin Ramen, Mustaev, The Face Shop, Innisfree, Etude House and many more are just a click away on Korikart. Korikart has certainly gained many followers since inception, but how does the brand continue to carry on the excitement with new additions and its impeccable services. Here’s unraveling their story!
Eyeing Growth
In this exclusive interaction with IMAGES Retail, Lalit Agarwal, Chairman & Managing Director of V-Mart Retail Ltd talks about the recovery from pandemic losses and the future of omnichannel retail. Excerpts:
ADIDAS ENDS ITS 15 YEAR SAGA WITH REEBOK, SELLS OFF THE BRAND TO ABG
German sports giant, Adidas has made it official that it has entered into a definitive agreement to sell Reebok to Authentic Brands Group (ABG) for a total consideration of up to € 2.1 billion, with the majority to be paid in cash at closing of the transaction and the remainder comprised of deferred and contingent consideration.
KEARNEY PREDICTS INDIAN E-COMMERCE DOMAIN TO HIT $40 BILLION MARK BY 2030
The e-commerce sector is emerging in a big way in India and keeping in mind the boom and the growth of this sector, the global consulting rm Kearney came up with a report titled “Value e-commerce: The Next Big Leap’s Indian Market” highlighting the growth story of the e-commerce industry in India. As per the report and its findings, India will soon represent an e-commerce market valuing US $40 Billion. This growth comes with the growing consciousness towards value.
Freshness Sealed
Superplum, a start-up backed by some of Silicon Valley’s most notable investors, is addressing Indian agriculture’s issues by building the country’s most sophisticated supply chain for fruits and fresh produce in the country. The company is bridging the gap between the farms and consumers by digitizing the fresh fruit industry.
Shopping Malls: Building A Social Connect
COVID has accelerated technology transformations in retail, but that’s not all. The pandemic has changed the facets of retail across segments, markets, channels and shopping malls too. Today malls are no more just a place to shop, but they have turned into ‘social spaces’.
SOUTH KOREA E-COMMERCE MARKETPLACE TO SURPASS $242.2 BILLION: GLOBALDATA
As the e-commerce trends continue to improve worldwide ahead of the pandemic. The Global Data reports stated that South Korea’s e-commerce market ranked among the top e-commerce marketplaces.
Surviving The PandemicLessons Learned In Online Retail
To understand the challenges and new lessons, roadmaps and constraints related to transformed e-commerce and Omnichannel retail, this session of the ‘Omnicomm Intelligence Series’, discussed the necessary changes and themes basis a roundtable session. The fourth episode revolved around a discussion on the topic ‘Surviving The Pandemic-Lessons Learned In Online Retail’.
Warehouse Leasing to Touch 100 Mn sq.ft. Over the Next Three Years; E-Commerce and Third-Party Logistics to Drive Growth: CBRE
Against the backdrop of robust growth of manufacturing, e-commerce, and third-party logistics (3PL) sectors, the report highlights how Industrial and Warehousing (I&W) activity has gained momentum over the past few years in India
