Images Retail - February 2022
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February 2022 issue Digital Access. - Magazine Details
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In this issue
Before the Union Budget 2022 was presented, there were umpteen rounds of discussion and expectations regarding how it will be helpful for the retail industry, what are SOPs being brought in for the industry and how they can benefit from the same. India’s retail market is expected to become a $1.5 trillion market by 2030, from $0.793 trillion in 2020. So, the industry looking up to the Budget announcements was an obvious. Major players were keen on getting some favourable announcements that look at the whole industry as a whole. They were very keen on getting some roll outs that consider the online-offline retail with similar weightage and the categories of retail with equal weight. This issue we bring to you varied budget analysis in order to present the reality for the retail industry, straight from the thought leader’s perspective. We have weighed in the pointers put in by leading analysts alongside the retail industry to understand what the 2022 Union Budget has in store for you for each one of us, across sectors and categories. Apart from the budget thoughts we have also exclusively covered some technology-led reports and analysis, which helps us see how the industry can use varied platforms and simple tools to bring in a big difference in retail and the way of doing business.
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Digital Only
Will Retail Bounce Back As The Most Preferred Mode Of Shopping?
Consumers are now beginning to feel the brunt of online fatigue’ The endless scroll and blue-screen exposure from running business meetings to shopping online are taking a real toll
Brand Concepts to Expand in Tier II & III Cities in 2023 - Abhinav Kumar, CEO, Brand Concepts Ltd.
With fashion and design being the core, Brand Concepts Ltd. will continue focusing on adding more licensees in the travel gear, handbags and small leather goods in 2023.
Lacoste to Make Online Channels More Robust Going Forward - Rajesh Jain, MD and CEO, Lacoste India
Lacoste to continue strengthening the omnichannel network. The brand aims to keep upgrading the boutiques to provide more premium experience to customers visiting the stores.
Being 'Digital First' is the Way to Survive in the New Retail World - Sanjeev Rao, CEO, Being Human Clothing
To enhance the in-store experience, Being Human has introduced mobile POS that helps with faster checkout and makes the process seamless.
The Demand for Experiential Retail to Grow in 2023
In 2023, retail in India is expected to grow better than all other key markets globally with Omnichannel becoming the norm for the retailers. Concepts like these will enable millions of small retailers to participate in digital commerce.
Government Decriminalizes Key Acts Applicable to Retail Businesses
Decriminalization of the Legal Metrology Act and Food Safety Act, which are applicable to retail businesses on a day-to-day basis will greatly reduce the impediments of operating a retail business in India.
How Digital Payments are Driving India's E-Commerce
The rampant increase in smartphone users and easy accessibility to the Internet are some major boosters for this expansion. Keeping in line with the Digital India movement, more and more companies are building a presence online to reach the masses.
Adaptability that Retail Platforms Seek
The report examines the work conditions of platform workers on digital labour platforms in India. It evaluates 12 platforms offering location-based services in sectors such as domestic and personal care, logistics, food delivery, e-pharmacy, and transportation in India.
Here's What India Ordered on Q-Comm in 2022
While Borzo reveals that food and clothes were the top category ordered, Dunzo Daily’s latest data suggests that onions, tomatoes, and potatoes were the most ordered veggies in all cities.
Retail's Relay Across Tier II Cities!
Retailers and mall developers are looking to leverage the buying power of the populace residing in these cities. In addition, growing Internet usage has whetted the appetite for quality products in these areas, thus giving a fillip to malls and e-commerce.
