Friday, August 19, 2022

Roadmap To Revolutionize Retail In The World's Sixth Largest Economy

*  Phygital Retail Convention to explore mega retail opportunities in the India/Bharat growth story

* Convention set to take place on Aug.24-25 at The Westin, Powai, Mumbai

Focusing on the evolution of the retail sector in India and understanding the changes the sector is expected to witness in the coming years, Phygital Retail Convention 2022, India’s largest retail intelligence event, aims to unveil and decode the mega retail opportunities across India + Bharat — a mega, but dual and complex consumption landscape. 

Phygital Retail Convention (PRC) 2022 is all set to take place on the 24th and 25th of August at The Westin, Powai Lake, Mumbai focusing on the dramatic transformations occurring in the Indian consumer landscape and consequently, retail models. The event theme — India/Bharat: The World’s Biggest Consumer Story reflects the promise and opportunity of the ongoing transformation.

India is considered one of the world’s most lucrative and scalable markets and as a leading contributor to the world’s sixth largest economy, the Indian retail sector has undergone significant transformation and tremendous growth in the last decade, and is expected to touch approximately $2 trillion in value by 2032, up from $690 billion in 2021. A large portion of India's heartland is growing quickly as massive consumer marketplaces and future retail hubs, even as consumption and retail growth in urban and semi-urban areas of the country continue to soar. 

Headlining the event will be two of India’s most recognised retail icons designated as ‘PRC 2022 Patrons’ — Shailesh Chaturvedi (MD & CEO, Arvind Fashions Ltd) and Damodar Mall (CEO -Grocery, Reliance Retail).

Bhavesh Pitroda, Director and CEO, IMAGES Group says, “Despite the remarkable volume and pace of retail evolution over the past two decades, India still remains a largely underserved market vis-a-vis growth in consumption. The opportunities are far larger than what modern retailers have achieved so far. The scope of taking the experience and pluses of modern retail to the country’s heartlands — Bharat — is immense, and PRC 2022 will be dedicated to optimising this.”

“Retail real estate is the essential infrastructure that will facilitate the spread of modern retail across small-town India. With consumer aspirations and expenditure fast expanding in these locations, real estate majors are also investing heavily in the promise of ‘Bharat’. With PRC 2022 hosting all of India’s real estate majors, the event will highlight the plans of these organisations in taking Bharat’s retail revolution forward,” adds Vineet Chadha, COO — Retail, IMAGES Group.

Reflecting on the crucial role of digital transformation in the country’s consumption universe, Shaurya Somani, VP-Technology, IMAGES Group, notes, “Technology will continue to be the biggest influencer of consumer behaviour across India. Smartphone and internet penetration have transformed into India’s one of the world’s most digital-savvy consumer markets, and attendees can expect to hear some unique insights and analyses on the future of a digital Bharat at PRC 2022.”

Regarded as India’s most authoritative retail intelligence and networking event, the conference will host a powerful blend of panel discussions, solo talks, masterclasses and fireside chats featuring the C-Suite of Indian retail, technology, retail real estate, D2C brands, retail support, infrastructure and allied sectors. The platform presents an opportunity to network with knowledgeable and passionate speakers, giving the attendees a chance to gain new insights about the retail industry and learning about the success stories of countless businesses.

Key multiple highlights at the event are the launch of India Phygital Index 2022 report, an exclusive D2C Retail zone for D2C brands, Ignite Up — a startup-enablement platform, IMAGES Retail Tech Icons felicitation ceremony, and the IMAGES Retail Awards 2022 gala recognising retailing excellence in India.

The 2-day convention will see a host of riveting panel discussions and sessions by experts on diverse range of topics such as brand architecture, reimagining customer experience to drive loyalty, omni-channel retailing, customer engagement, supply chain management, art of designing, marketing and advertising, data-driven experiences, expansion and scaling up, business growth and many more.

Among the 150+ retailing icons and leaders speaking at the 2-day forum are a mix of established names and young, exciting change-makers: Arvind Singhal (Chairman, Technopak), Almona Bhatia (Chief Strategy Officer, Tata CliQ Luxury), Ankit Desai (CMO, Hershey’s), Anuj Puri (Chairman, Anarock), Arzan Singpurwalla (Channel Partner Lead, WhatsApp for business, India), Astha Almast (Founder, The NEW Shop), Bharat Kalia (CEO, Thrasio India), Damodar Mall (CEO, Grocery, Reliance Retail), Devarajan Iyer (CEO, Lifestyle International), Preeti Gupta (Chief Business Officer, Nykaa Fashion), Rajesh Jain (MD and CEO, Lacoste), Shriti Malhotra (CEO, The Body Shop, India) among many others.

About Phygital Retail Convention:

Phygital Retail Convention (PRC) is India's go-to retail intelligence event. It aims to bring together multiple stakeholders in global retail businesses to hack the most critical disruption-ready strategies around consumer behaviors, technology and innovation. Phygital Retail Convention (PRC) 2022 aims to power the transformation of Retail in the dual and complex market of India/Bharat.

About IMAGES Group:

IMAGES Group is the largest retail intelligence organisation in South Asia and the Middle East, whose numerous items and administrations work as impetus for the productive development of present day retail through information stage initiative. The Group's knowledge platforms incorporate print and online reportage, research review, and significant yearly business occasions with Conferences, Master-Classes and Workshops serving multiple verticals/fragments/tasks of retail and D2C organizations.

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