Description
The Value of Value Retail
Indians are value-conscious people. We seek value in anything we purchase,and this has driven the growth of value retail in the country not just in the hinterlands but also in the metros.
Backed by our voracious appetite for value, the country’s value retail market, which is currently valued at US$112 billion, is forecasted to surge to US$170 billion by 2026, at a robust compound annual growth rate (CAGR) of 15%, which far outpaces the broader retail sector’s expected CAGR of 10%, underscoring the sector’s resilience and potential.
The July issue of IMAGES Retail magazine, which is a Value Retail Special, presents a compelling narrative of a format poised for exponential growth. In recent times, Zudio by Trent Ltd. has emerged as the poster boy of the format, achieving unprecedented success and tempting heavyweights like Reliance Retail, Shoppers Stop, and Aditya Birla Fashion and Retail to step into the game with their value formats viz. Yousta, InTune and StyleUp respectively. V-Mart and V2 Retail have been leveraging the format for years.
In the online space, the success of Meesho and Snapdeal has compelled Walmartbacked Flipkart to come up with Shopsy. Once considered among the top 3 in India, online marketplace Snapdeal too has turned to value retail for redemption from its fall from the pedestal.
In the cover interview of IMAGES Retail, Venkatesalu P, CEO and Executive Director of Trent Ltd., offers profound insights into the strategies and innovations driving the success of one of India’s leading value retail brands. The cover interview of the Shopping Centre News section delves into the India plans of global shopping centre player Ingka Centres, which has 35 malls across three continents. Vasco Santos, Global Sales & Leasing Director of Ingka Centres speaks about the Ikea Parent Ingka Group’s upcoming malls in Gurugram and Noida.
In the Phytigal section, Satish Karunakaran, Director – Transformation at Pepe Jeans India, gives insights into the brand’s digital transformation journey. The issue has a lot of other informative and insightful content to help you navigate your business through an increasingly digital and competitive world.
