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Showing posts with the label Bangalore Central

The Annual Tribute post

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Even as the country celebrates Pongal, Makara Sankranthi, Lohri and so on, I cannot but reminisce and thank my stars for where I am, what I am today professionally. For it was on this day, I flew off my comfort zone to build a career, a name in the Industry, and most importantly paved an opportunity for myself to pursue endless learning. Incidentally, I celebrate my Silver Jubilee year in Retail this year - A Retailer by Profession and Choice since 1997. I grew for the most of my life in the erstwhile Madras until my Post Graduation. My first posting was at Kolkata to manage Musicworld. Honestly, this was the farthest maiden travel I had taken in my entire life of 21 years and also travelled for the first time ever in a 2 nd  class air-conditioner sleeper coach by Coromandel Express. A year later, I returned to Chennai (the name had changed by then!) and started at Foodworld, India’s first organised Grocery retail chain. After 3 years with the company, I sensed I was not going to grow

Uttarayan and my Professional Life

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On 13 Jan. 2021, I was driving back yet again to Chennai from Bangalore on my XUV500. Even as my playlist kept jumping from 90s Tamil film songs to the latest tunes, spiritual discourses to FM Radio, my thoughts kept wandering from one to another to another. I was driving back in a spacious SUV, all alone and reasonably well placed in life than what I had imagined for myself 24 years back when I first joined the Retail Industry scooping Ice-Cream at Baskin Robbins as a part time salesman during the day, learning computer languages in the morning at NIIT and studying B. Com in the Evening College. I am ever thankful for my Stars, the Creator’s benevolence, blessings of Elders and good wishes of my close friends for where I am today in life. Professionally, Socially, personally and of course, most recently on the spiritual lane.  It was a Makara Sankrathi / Pongal day that I landed up at Bangalore in 2004 to be part of a revolution in the making, little which I knew when I was interviewe

The Future of Retail

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The writing was on the wall for a long time. Many old timers like me and thousands of retail enthusiasts in India and worldwide were eagerly waiting for the announcement. That the Reliance Group was a strong contender to buy out The Future Group lock, stock and barrel was a known fact. And that Amazon and Walmart were discussing the final nuances was also a known thing. And then, it happened finally. It Happened In India – on 29th August 2020, Reliance Retail and The Future Group formally announced in the media that the former had bought out the wholesale, retail and warehousing business of the latter in full. A red letter day for self made Entrepreneurs, groaned many on social media and in passive interactions. The man recovered his 30 year’s investment of time, quipped many others. A few former employees were seen sulking in public and private, some even wept at this outcome. At the end of the day, it’s a business that has changed hands, owners and course. Life moves on, so why fre

Music can convert more customers!

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I asked him, “are there people in your store who have had a love-failure"??” and obviously he was confused. He called for his supervisor and I repeated my question. Both of them gave me a warm smile and declined that there wasn’t anything of that sort. So, why play such boring music of love-songs at a Hair Salon post noon?!? I quipped. He was quick to change the music and I told him that it wasn’t for me but for his employees too. This incident happened recently at a hair salon when I was out for my monthly activity. I have been a firm believer that “air play” or the music that you play at your retail store, irrespective of its format has an impact on the customers and their tendency to shop/consume more. And there is no standard laundry list of what kind of songs to be played across formats – these are learned over time and are specific to the history (of customer behaviour) and the geography (of the store’s location). A salon must be playing peppy songs  most often. As it is,

Retail in India–Way ahead for 2012

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  Organized Retail in India has come a long way over the past decade and 2011 was expected to change the wind towards the positive side, due to allowing FDI in Retail. Thanks to political unrest and the opposition parties claiming hoarse, FDI in Multi-Brand Retail has been put on hold (hope not shelved) while FDI in Single Brand Retail has quietly been allowed, atleast on paper. While a few International Brands such as Benetton, Tommy, Diesel, Esprit, etc. have been operating in India for many years now through Joint Ventures with Indian partners, a beeline of Brands wanting to enter India is expected in 2012 – a hope that many in Retail have been holding on for sometime now! The coming months are expected to be exciting times for our Industry and here’s a view on how this landscape would evolve; Malls From a lakh square feet to a million square feet in 10 years, modern shopping centers aka Malls have walked a long journey all these years. Today, Malls are not places for consumers t

FDI in Retail–the saga continues!

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It was a much-awaited, welcome move by the Cabinet of the Indian Parliament to allow 100% FDI in Single Brand Retail and up to 51% FDI in multi-brand retail on 24th Nov. 2011. A surprise announcement, given that the winter session of the Parliament is under progress, which hasn’t been functioning fully due to various issues in the fore. The announcement comes after two decades of reforms that started in 1991 and over 10 years of strong growth by the Organized players of the Retail Industry in India. The Left parties along with the main opposition party in the Parliament, viz., the BJP have been publicly protesting against the decision. One senior member of the party has announced that she will burn the Wal-Mart store if it opens anywhere and she is ready to court arrest for the same! Such has been the tensions on this topic for many years now. Even the general public (read: Consumers) have been left confused due to various approaches proposed by those who are for- and against allowing

Selling, Upselling and Unselling

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Despite my request thrice, the staff of India’s first class airline forgot to sell me sandwiches and muffin, my first and most important meal of the day – Breakfast, while I was flying from Bangalore to Delhi (on work) last week. My first request was placed around 25 minutes after take-off, and I waved at her two times thereafter, but to my dismay and surprise, she seemed to have forgotten till the flight landed… And it was a 2.5 hour flight! Was it pure negligence or arrogance or forgetfulness – I don’t know, but for sure, a lost opportunity. What I may, if allowed can call “unselling”. In our (Retail) business, a lost consumption opportunity can never be recovered. After all, a breakfast meal (to the same person) cannot be served for lunch or dinner! On a quick calculation, I was stunned to note the business opportunity of selling on board – if, for example, an airline flies 100 flights a day, with an average of 100 pax per flight, and a 25% conversion @ Rs. 120 per person, it amoun

Malls are also parking lots!

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I recently came across an article which claims that Bangalore is the most painful place when it comes to commuting and parking of vehicles! My suggestion – is to build more Malls. IBM Global Commuter Pain survey A new IBM survey of the daily commute in a cross-section of some of the most economically important international cities reveals a startling dichotomy: while the commute has become a lot more bearable over the past year, drivers’ complaints are going through the roof. The annual global Commuter Pain Survey, which IBM released recently, reveals that in a number of cities more people are taking public transportation rather than driving, when compared with last year’s survey. In many cities, there were big jumps in the percentage of respondents who said that roadway traffic has improved either “somewhat” or “substantially” in the past three years. To better understand consumer attitudes around traffic congestion as the issue continues to grow around the world, IBM conducted t

Controversial Ads, Branding and Footfalls

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There has been a lot of furore over the recent so called “indecent” advertisements in the mainline media by “Flying Machine” (FM), a popular denim wear brand in India for close to two decades now. The brand, which was one of the earliest entrants in the denim wear market competed with international ones such as Lee, Levis and Pepe since the late 90s and has hence maintained its position as an entry level fashion wear due to its affordable price tag and distribution reach – since it shares shelf space with other brands such as Arrow and Lee from the house of Arvind Mills. The debate is about how much indecent an ad can get and what the society would feel rather than its impact on sales! Well. (Suggested reading: National Shopping Day ) Denim Market in India is highly unorganized – with less than 25% of all denim wear sold at Organized retail outlets such as Shoppers Stop, Lifestyle, Central Malls, MegaMart, Brand Factory, Fashion @ Big Bazaar and other exclusive brand stores. We have

Creating categories – Way forward for successful Retailing

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Looking at the eagerness of a family to see how a Compact Disc works was amazing – this was in the year 2001 at the Musicworld store at Park Street in Kolkata. The middle-class Bengali family was a regular at the then largest MW Store in India, spread all of 8,000 sft and among the first Retail Stores in India to be designed in bright yellow and blue by Fitch PLC. After all, RPG Management had wanted none other than among the best in the world to design their first and the largest music store in the city. Over to the family – they were wondering how a small CD with a diameter of 10 cm could play music with such clarity while the erstwhile vinyl records that used to be played on the gramophones were thicker, heavier and the voice clarity not as clear as this one. I remember chatting with my colleagues about this insight – that it is as much the responsibility of Retailers to create newer categories to grow the pie and what I was referring in this case was that the market needed more CD