Discussion on Non Store Retailing at IFF 2011

18 Feb '11

3 min read

The first day of the 11th edition of India Fashion Forum saw encouraging panel discussions on a multitude of subjects on franchising & retailing in India. The discussion subjects ranged from launching a retail brand, emerging retail concepts, non-store retailing, fashion franchising and others.

The 'Launching a Retail Brand or Retail concept in India' session was anchored by Tarun Joshi, Director, Crew Republica Retail and Ishwar Chugani, ED, Giordano Fashions. The panelists participating in the discussion were Anurag Rajpal, Head, Apparel, Spencer's Retail; Rachna Aggarwal, CEO, Indus League Clothing; Deepak Tulsian, VP-Retail, MAYA (Gitanjali Lifestyle); Vineet Gautam, Country Head, Best Seller Group; Ayush Mehra, Director, Study By Janak; Rakesh Pandey, President, Retail & Business Development, Raymond and Shubhranshu Pani, Jt. MD (Retail), Jones Lang LaSalle India. The highlights of the discussion that took place were successful inventory management and intelligent pricing strategy is the need of the day in the retailing space of
India.

'Non Store Retailing' was another interesting topic that was discussed at length. Non Store Retailing also better known as Online Shopping, gives the consumers the advantage of big brands being available to the consumers round the clock for shopping.

The panelists of this discussion were Sun deep Amphora, CEO, Home shop 18; Thorsten Allen stein, MD, Triumph India; Swisher Genk, Founder, Do U Speak Green?; Sahel Mali, MD, Da Milano; Meheriar Patel, CTO & Head HR, Globus and Rahul Narvekar, Co-founder Director Brand Sourcing, fashionandyou.com and the panel was anchored by Anchal Jain, Founder, 99lables.com. The discussion led to how online shopping is the next big wave in the Indian retail sector and its emergence as key purchase channels in smaller towns. Online presence, thus, becomes a necessary tool for fashion retail brands to reach out to their target consumers.

The Fashion Franchising Summit was chaired by C.Y. Pal, President, Franchising Association of India and anchored by Rajeev Manchanda, VP, FAI and Director, Inventure India. The speakers at the panel were Rakesh Pandey, President, Retail & Business Development, Raymond; Vasanth Kumar, ED, MAX Retail; Mohit Tikmany, CEO, Vedant Fashions (Manyavar); Asheeta Chhabra, Head Business Dev., Chabbra555; Vijay Kapoor, MD, Derby Clothing and Pankaj Renjhen, Jt. MD (Retail), Jones Lang LaSalle India. The discussion at the summit was focused on the various challenges faced by the franchising industry in India.

Nikhil Meswani, IFF Chairman & ED Reliance Industries in his inaugural address in the morning session stated that the growth outcome expected from the Indian fashion retail sector throws open an investment opportunity of over Rs 30,000 crore annually across the textile retail value chain.

This is expected to increase the size of the textile retail industry from its current size of Rs 315,000 crore to Rs 990,000 crore by year 2020. The textile retail sector will be one of the largest employment generators apart from being a large value creator in the Indian economy.

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