Kolkata: The
Retailers Association of India (RAI) organised the ‘Kolkata Retail Summit (KRS)
2023’, also known as the Retail Convention of Eastern India on November 21, 2023
at The Lalit Great Eastern Kolkata. KRS has been an incredible opportunity for
retailers and retail service providers across various industries to find the
right business partners to drive growth.
Speaking about the outlook of the Retail industry in the Eastern India, Kumar Rajagopalan, CEO, Retailers Association of India added, “The
Kolkata Retail Summit 2023 is not just an event, but a reflection of the
dynamic progress we're observing in Eastern India's retail sector. Our
extensive nationwide surveys conducted by RAI have highlighted an encouraging
trend: the retail growth in this region has been consistently strong for the
past 18 months. This summit aims to delve deeper into understanding the drivers
of this growth and to unearth the vast opportunities awaiting in Eastern India.
As we explore the impact of digital integration and customer-centric
strategies, it's evident that these elements are crucial for sustainable growth.
The discussions on omnichannel experiences and the burgeoning potential of
Tier-2 and Tier-3 cities underscore our belief: the future of retail in Eastern
India is not only vibrant and inclusive but also ripe with possibilities for
groundbreaking innovation.”
This year, the
Kolkata Retail Summit (KRS) is poised to offer a dynamic and comprehensive
agenda, taking a deep dive into the evolving world of retail. The event will
feature a series of engaging panel discussions led by industry experts,
exploring a range of pertinent topics from the impact of digital transformation
in retail to emerging trends in consumer behaviour. Additionally, these panels
will address the critical role of sustainability in modern retail practices,
and the expanding landscape of omnichannel strategies.
The highlight of the summit was a Fireside Chat with Vedant Modi,
Chief Revenue Officer, Vedant Fashions Ltd. - Manyavar-Mohey. Commenting on
modern retail practices, Vedant Modi said, "We believe that the fusion of traditional
values with modern retail practices is the future of our industry. As we
participate in the Kolkata Retail Summit, our focus is on how to blend these
elements seamlessly to offer our customers an unparalleled shopping experience,
thereby setting new benchmarks in retail excellence."
The summit witnessed
captivating discussions on topics such as The New Age Consumer: Catering to
Evolving Expectations and Lifestyles, Beyond Metros: The Rise of Tier-2 and
Tier-3 Cities in Retail Growth, The Digital Infusion: How the Omnichannel
Experience is Reshaping Retail, Retail's New Era: Balancing Tradition and
Modern Needs, among other insightful case-studies by the partners supporting
the summit.
The summit saw
tremendous participation from the retail fraternity of Eastern India that
included retail stalwarts such as Shitanshu
Jhunjhunwala - Turtle Ltd., Murali
Krishnan - Wow Momo Foods, Rochita
Dey - Sreeleathers Ltd, Harsh Jain
- DNV Food Products, Sikharesh Saha
- Mio Amore, Priyanka Gupta - GKB
Opticals, and Sudip Mullick,-
Balaram Mullick & Radharaman Mullick, among many others.
Speaking
at the event, Shitanshu
Jhunjhunwala, Director, Turtle Ltd,
said, “Retail today is not just about
selling products; it's about crafting stories and experiences that resonate
deeply with our consumers. We are at the forefront of this paradigm shift,
focusing on creating a connection that goes beyond the transactional. Turtle
Ltd's participation in the Kolkata Retail Summit is a testament to our commitment
to innovation and understanding the pulse of the ever-evolving
retail landscape.”
Rochita
Dey, Director, Sreeleathers Ltd. & Founder, House of SL, added, “Today's
consumer is looking for more than just products; they seek experiences that
resonate with their lifestyle and values. At Sreeleathers, we are committed to
catering to these evolving expectations by combining our traditional strengths
with modern retail strategies. It's an exciting time as we explore new markets
and connect with consumers in more meaningful ways."
Kolkata Retail
Summit by the Retailers Association of India (RAI) is the most coveted platform
for retailers and retail service providers across various industries to find
the right business partners to drive growth. This year, KRS will comprise panel
discussions, fireside chats, and the opportunity to meet prospective business
partners, customers, and like-minded individuals.
KRS 2023 is
supported by Amazon Pay, Style Baazar, Shrobonee, Sensormatic, Ginesys One,
INT., Turtle, and Bhanjlal as Gold Partners, and 6DX as Silver Partner, among
others.
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