Indian retail market has surely gone through a transformation in the last one year. Let's have a look at some trends that may enhance the retail sector this year.
Dryfruits are fetching a lot of traction in online space. Owing to numerous advantages of exclusive online distribution many wholesellers are now turning into eretailers to reach out their consumer base directly.
Hardly eight month old brand has four stand alone stores and is also present within 35 Future Group owned brand Central. The total footprint of 39 is spread across 18 cities pan India.
The new formed Future Specialty Retail was formed with a subscription amount of Rs 5 lakh. Currently the fashion wing of Future Group runs various brands including Central, Brand Factory, Indigo Nation, Lee Cooper, Sculler and Clarks.
Presently, the company has installed its 33 mega stores in big cities such as Mumbai, Benagluru, Hyderabad, Pune and also in some small cities including Indore, Patna, Baroda and Surat.
Experts feel that certain pacts will help the country's top retailer to penetrate deeper into the remote areas where the opportunities are in abundance.
Future group acquired the Bangalore based supermarket chain in 2014 and since then, it is looking to spread its existence across the length and breadth of the country.
The store brings in the best brands such as Van Heusen, Only, Jealous 21, Global Desi, Cover Story, Biba, AND, W, Louis Phillip, Wrangler, Jack & Jones etc.
No doubt the much awaited GST implementation with surely effect many industries including retail. Retailer Media caught up some of these industry professionals to know more how the newly made amendments will impact them and their industry as a whole.
Observing adamant stand from the eCommerce players in complying with the recent FDI clarification, leading retailers of the country call for level playing field with immediate enforcement of law.
As the government clarified that foreign direct investment (FDI) is not allowed in inventory-based eCommerce, Future Group CEO Kishore Biyani pointed out to one of the country's leading online grocers, Bigbasket.