Assistant Editor, IndianRetailer.com & Retailer Media Nov 17, 2009 /
Modern retail has brought along with it changes most retailers cannot shy away from. Brand licensing, franchising, IPR are a few of them. With a similar agenda of moving ahead as a comprehensive brand, Pantaloon Retail’s (India) subsidiary, Future Brands is looking at creating a vertical for licensing and franchising as a part of their already IPR business. “It is something we are looking at and wish to explore further, probably by the next fiscal year. This positions our company with a comprehensive view on brands and the branding business.” said Anand Pandey, Vice-President Future Brands. This new vertical comes in the light of the company wanting to venture into IPR aspect of modern retail.
With the market on track to hit a jaw-dropping $61.3 billion by FY 2027, growing at a blistering 38 percent CAGR, D2C is rewriting the rules of Indian commerce!
Discussion with Ravi Hudda, Chief Technology Officer, Raymond, we delve into how the company is embracing the future.
Unlike traditional fabrics, smart fabrics can sense, react, and adapt to diverse external stimuli. With the integration of conductive materials, sensors, and microelectronics, smart fabrics boast endless possibilities.
Artificial intelligence has the potential to replace traditional retail in its current form by predicting what customers will buy in the future, cutting down costs and bringing an unprecedented level of efficiency and convenience.
Copyright © 2009 - 2024 Franchise India Holdings Ltd