Success has been spotty, but progress is being made.
Consumers' Retail Therapy Moving Online
In these hyper-competitive times, brick and mortar retailers, including those in the food and grocery domain, continue searching for new ways to keep growing across the country. The one thing that they should take special note of is to understand and respond to the changing habits and behaviors of their customers. Retailers should take into account the consumers’ new-found preference for online shopping, mobile phone ordering, emerging tastes for consumables like electronic gadgets, consumer durables, apparel, home appliances and also their gifting choices on festive occasions such as Diwali. According to industry estimates, retail sales in the run up to Diwali this year will likely touch Rs. 30,000 crore compared with Rs. 22,000 crore last year.
A $40-billion Pot That Retailers Can Encash Profitably
The gift-card industry in India has grown by leaps and bounds in the past years, with 10 million cards sold annually. The purchase of gift cards has risen exponentially, displaying a 41 per cent growth in 2016-17 over the previous fiscal. G-cards is a growing segment and a regular source of revenue generation for retailers and e-commerce portals.
What To Check Before Buying Home-made Chocolate
Although, they have more of the refined and distinct taste and come with exotic fillings, buyers need to ensure that home-made chocolate manufacturers follow FSSAI standards and regulations and their products carry proper labeling with information about ingredients.
We Are A Community Focused Store And Expanding Within This Segment
Eby Mathews, COO, Foodworld Supermarkets (P) Ltd, a chain of supermarket stores in Bangalore speaks to Progressive Grocer about the retail journey of the chain and its current focus and positioning. With over twenty years of retailing experience, Foodworld has come to establish itself as a strong community store chain, and is looking to expand and strengthen its positioning by operating from smaller spaces within communities such as clubs, offices, campuses, apartment complexes, etc, in order to better meet the needs of these specific segments.
Sri Sri Tattva To Launch Exclusive Franchise Stores With New Products Across Categories
The company has embarked on a major expansion drive across its personal care range, food, incense and fragrance and home care range.
Make It Better
With nutrition increasingly on the minds of shoppers, grocers need to up their game.
A Peep Inside The Grocery Shopper's Mind And Her Basket
The retail environment today is characterised by constant and intense competition. Every retailer wants a higher share of the customer’s wallet. An AT Kearney report calls India the numero uno retail destination in 2017 but it also says that the competition is set to intensify in the foreseeable future. Most retailers will be confronted with the challenge of attracting more customers to their store, converting them to buyers, and getting a fair share of their basket.
Tryst With Destiny
India’s economic outlook over the next decade offers a promising period of faster growth, acquisition of new capabilities and the creation of more diverse and optimal tools of production. Bustling with energy and ideas, the country’s young and aspiring populace and its growing bulge of digitally savvy middle class is impatient for growth and change. India’s retail industry, which is amongst the fastest growing retail markets globally, is actively scouring for growth potential and new opportunities. Higher disposable income and an increase in consumer spending, an expanding base of mobile users and e-commerce penetration, positive regulatory environment and a burgeoning middle class present the retail sector in India with tremendous potential for growth and for tapping new opportunities.
Ongoing Business Analysis Is A Must For Organised Retail
Today’s digital era has changed the traditional ways of running a business. Like other sectors impacted by this change, it is imperative for retail to modernize to stay relevant in this age.
Role Of Whole Genome Sequencing In Food Safety
Food safety is becoming a public health priority and governments are making efforts to develop policies and regulatory frameworks, establish and implement effective food safety systems to ensure that food producers and suppliers along the entire food chain operate responsibly and supply safe food to consumers.
In-Depth Know-How Of Imported Foods Is Our Core Strength
Sunil Agarwal, promoter of Pune-based Fine Foods, speaks to Progressive Grocer about his stores’ specialty and core strengths, trends in imported world foods and how his small format store chain has played to its strengths and established a solid reputation in gourmet retailing.
We Are Looking At E-Retail Partnerships To Expand Our Consumer Reach
Neelima Burra, Chief Marketing Officer, Cargill Foods India, speaks to Progressive Grocer on the company’s pioneering innovations in different oil categories and about its plans to expand the products’ reach through the digital channel.
We Are Market Leaders In Wafers Category
Ravinder Kumar Agarwal, Managing Director, Ravi Foods Pvt Ltd, which makes of a range of biscuits, wafers, chocolates and confectioneries under the Dukes brand, speaks to Progressive Grocer about the impressive growth of the brand and his vision to make it one of the leading household brands in the country with a global footprint.
The Bean-To-bar Chocolatier And Retailer Of Pondicherry
India’s growing awareness of artisanal chocolates has consumers paying more for better quality and healthier alternatives as more companies enter the fray to produce high quality, hand-crafted chocolates made of primarily locally sourced ingredients.
Rising Demand For Residue-free Vegetables
The drastic shift in consumer behaviour towards healthy consumption has created an enormous opportunity for many budding entrepreneurs to enter residue-free farming.
In line with current demand, baking ingredients and even mixes are cleaner than ever.
Redefining Retail Warehousing With Automation
The retail industry is expected to reach to US$ 1 trillion by 2020, attaining a CAGR of 10.76 per cent between 2015-2020.
New Ways To Unlock Value In Retail
Monitoring and measuring the impact of data-driven initiatives against companyspecific metrics such as gross profit, revenue and inventory carrying costs, can offer significant benefits.
On A High: The Largest Duty-free Retailer In The Subcontinent
Delhi Duty Free Services is on a roll. India’s biggest duty-free retailer achieved its highest monthly sales in the month of June. There were other windfalls as well. The company also recorded its highest daily sales yet, at over $600,000,besides registering over +50% growth in Shop & Collect sales, and highest ever sales in the beauty and liquor categories. Progressive Grocer spoke to Luke Gorringe, CEO, to get a sense of the company’s retailing strategy andwhat it does to make its cash register ring resoundingly month after month. He was joined by Abhijit Das, Head - Marketing, who offered insights into DDFS’s marketing game plan and its digital push.
Build bigger baskets with produce pairings.
Greens Hypermarket Typifies Kannur's Retail Boom And Modernization
The development of an International airport has fuelled a modern retail boom in this coastal district of Kerala with local retailers modernizing their formats to offer a more wholesome and delightful shopping experience.
How To Loyalize Your Customer Base
Progressive Grocer speaks to retailers with hands-on experience in running and developing loyalty programs to find out about the ways of making them into a powerful platform for meaningful engagement with customers and winning their trust in the brand.
Give A Wide Berth To Chemically Ripened Mangoes
Mangoes have a rich legacy and are known for their nutritive value. But in today’s environment, they are also a cause of concern. As the mango season breaks in, it challenges the demandsupply mechanism, leaving room for unethical ways to manage demand upswings.
Kannur's Most Famous Bakers
The Venus Group is popular for its Sheen Bakery stores in Kannur, Kerala. The family-run business is now managed by the second generation of family entrepreneurs. Veenish Kumar, Managing Partner at Venus Group of Concerns, talks to Progressive Grocer about how the business has evolved over the years and his plans for the future.
Hitching Business To The Online Wagon
E-retail is giving tough competition to physical stores, gaining ground in revenue and visibility as consumers distance themselves from the traditional supermarket model.
Consumer Behaviour Is Changing And How!
Trends show a steady and progressive shift in consumers’ aspirations and spending behaviours—in certain categories. For one thing, shopping is becoming more social—involving all family members—and much more frequent, thanks to the rise of online shopping.
Getting Started With Demand Forcasting
Sophisticated planning is modest, but growing, in grocery.