4 Ways Artificial Intelligence Is Reshaping Demand Forecasting In Retail

The past decade will be reminisced as an era where machines began their journey on the path of intelligence - proficient in learning, executing, and ‘thinking’ like humans do…

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…

Automation & AI to Rule the Kitchenware Industry Post-Pandemic

Kitchens across the world over are set to become more intelligent with smart appliances, bot chefs, voice assistant, tailor-made menus and perfect dishes, therefore, the kitchenware industry is set to evolve technically…

Vinculum: A One Stop Destination for Omnichannel Commerce & Retail Solutions

Through an uberised network of digital savvy brand distributors and a connected ecosystem of IOR, custom clearance agents, and digital marketing partners, Vinculum helps brands to scale globally...

Retailers Must Prepare for Transformation Post-COVID

With rapidly evolving consumer preferences and attitudes, businesses and retailers are embracing the change and preparing for transformation in order to provide a seamless shopping experience to consumers in the COVID and post-COVID eras…

Likes, Follows Valuable Retail Currency In Covid-Hit World

As retailers slowly limp back to normalcy all over the world, it is no longer brick-and-mortar which will rule the roost. Social, mobile and e-commerce will signi cantly pick up and brands will need to increase their social media activity to promote purchasing and shopper loyalty…

The New Mantra: Future Of SMEs Post-COVID 19

Industries involved in manufacturing, retail operations, hospitality, mobility, etc have always existed along the physical contours of operation. While the big multinational corporations have the advantage of vast capital and resource to their disposal, small and medium enterprises benefit from their agile and more compact nature of working...

How Will Consumer Markets Evolve After Coronavirus?

The per capita consumer expenditure to fall by 5.2 percent in real terms in 2020 globally, and to not return to 2019 levels until 2022. However, it will remain far below where it would have been without the COVID-19 crisis, reports Euromonitor…

COVID-19 Impact: Key Learnings & Future Course of Action for Retailers

The last of the weekly ‘Retail Panchayat’ webinar series – in an unrestrained style with candid, insightful conversations on people, processes, practices, ideas, outlooks and learnings in retail – threw up insights on business models, innovation culture, people and products and customer service orientation.

VOCAL FOR LOCAL: Homegrown Brands Experience Surge in Demand

According to a Nielsen report, globally, there is likely to be an impact on product and brand choices being made at the checkout due to these changes. And this impact may break longtime purchase habits irreversibly…

PROPEL: A ONE STOP SOLUTION FOR SHOPPING CENTRE DEVELOPMENT & MANAGEMENT

The swift increase in the number of malls since the early 2000s and the plethora of retail brands entering the market resulted in the birth of brand Propel. The brand firmly believes in creating an impeccable journey for shopping centres in the country – right from conceptualising to executing next-gen projects. To build in cost efficiencies, set benchmarks, clear targets, imbibe best trade practices, exceed industry standards including in thought leadership are some of the key highlights that Propel adds to the profile of shopping centres.

OPEN AGAIN: INDIAN RETAIL SECTOR ADOPTS CUSTOMER, TECHNOLOGY FOCUSED APPROACH

As the lockdown is being lifted in a phased manner across all the marketplaces in the country, brands are coming out of their funk, focusing on adapting to changing needs amid the ‘new normal’ and working to ‘co-exist’ with the virus…

IMAGES Group Survey: Over 72% Retailers Turn to Technology, E-Commerce to Increase Revenue

IMAGES Group’s survey assesses the change in shopping behaviour of Indian consumers and the conversion rate of shoppers. It also gives a business assessment of the past 4 months (March – June 2020) in terms of sales, revenue, loss and pro t. The survey analyses the different categories of retail that witnessed a surge in demand, while outlining the sectors which have been derailed for a while and which will need to systematically assess their capabilities to succeed in the next normal…

IHGF DELHI FAIR 2020: EXPLORE, FIND, SOURCE; VIRTUALLY!

The real, alive and virtual IHGF Delhi Fair 2020 will be conducted from July 13- 18 with exclusive home, fashion and textiles collections from the leading Indian manufacturer exporters for the comfort of the buyers, for their home and offices…

Degrowth Rates Peak, Lockdown Relaxations Ineffective for Retail: Survey

The relaxations provided by Government in May 2020 were ineffective as retailers across the board continued to lose. Large size retailers (>300cr sales) in the food and grocery segment have witnessed 86 percent degrowth in business, while the non-food and grocery segment has seen a 75 percent degrowth compared to last year…

The New Normal Consumer in Retail: Adaptation to Change

The new normal for the consumer is ‘safety coupled with shopping experience’. While the safety guidelines are mandatory and the shopping malls are adhering to them to build ‘trust’ as an assurance of ‘safety’, they need to create ‘optimism’ as an assurance of a ‘good shopping experience’ within the constraints of safety guidelines…

Layoffs, Furloughs & Unemployment as COVID-19 Hits Retail Jobs

The COVID-19 crisis has led to a spike in the country’s unemployment rate from under 7 percent before the start of the pandemic in mid-March to 27.11 percent. The rate of unemployment has been the highest in urban areas – which constitute the most number of red zones – at 29.22 percent, as against 26.69 percent for the rural areas…

‘SERVE AT HOME' WILL OPEN NEW BUSINESS AVENUES FOR RETAILERS IN THE POST COVID ERA

In a discussion at the first-ever, pan-India humanitarian campaign organised and hosted by IMAGES Group titled Retail Panchayat, it came to light that ‘serve at home’ could change the dimension of the retail industry in the post-COVID era by opening new business avenues for retailers. Retailers who will be most adaptable to change, who are willing to serve the consumer in his comfort zone – i.e. home – will be best positioned to ride out the immediate challenges…

Ushering in a New Technological Era: Retail Industry Goes Contactless in COVID Times

The consumer psyche has undergone a permanent shift in the COVID era, the fear of exposure to the virus so high that all shoppers – the ones who are shopping from home and the ones who are bravely venturing out – are demanding safety and hygiene. Factor in supply chain uncertainty with consumer nerves and brands and retailers themselves are working towards providing technology solutions towards contactless commerce…

UNLOCK 1.0: PHASE-WISE OPENING OF RETAIL COMMENCES IN INDIA

The Ministry of Home Affairs (MHA) has issued guidelines for a phased reopening of the economy from June 1, which will include shopping centres, hotels and restaurants outside containment zones…

The Time Has Come: Global Watch Industry Begins Shifting Online to Stay Connected to Consumers

Many brands are already engaging their audiences and potential customer base on various online and social media platforms, which has, to some extent, been helping them gain lost ground as well as in building a new channel to reach out to the customers in retailing their products…

GLOBAL RETAIL REOPENING, RECOVERING & REALIGNING TO A NEW REALITY

While keeping the seriousness of COVID-19 in mind, many governments are cautiously talking about their plans for ‘re-opening’ their economies. Retailers are looking ahead to the new reality of what life might look like after the initial acute phase of this pandemic passes…

How Retailers Are Planning To Revive Their Businesses

The challenge infront of the retailers would be to ensure that they adhere to the new safety norms because when it comes to consumerism, going ahead, health will be the big motto...

The Global Economy And COVID-19: The Great Lockdown

US will face the most severe recession since the Great Depression and India’s real GDP to grow by just 2.0% in 2020, says a report from Euromonitor International…

Jewellery Brands to Reopen Stores in Orange and Green Zones in a Phased Manner

Brands like Senco Gold, Kalyan Jewellers and Tanishq have rolled out safety e-books, with commitment to the security and wellbeing of both staff and customers in store…

Impact of the Pandemic on East India Retail

The East India retail industry, which has a strong presence of local and small retailers, is facing an acute cash crunch due to a sharp fall in business and operational challenges with low or zero manpower..