As technology and consumers evolve, the retail sector is racing against time to keep pace. The industry, today, is all about innovations – innovating in a way that consumers convert into loyalists. Retail and technology go hand in hand, retail dependent on technology so completely that success without it in the fi eld is a tough target to achieve. And the key to all innovation leading to great consumer experience – personalisation. Personalisation refers to customising the experience of buying to the very last detail for the benefi t of the shoppers, keeping every demand and requirement in mind, serving them exactly what they want, in the colours, sizes and portions they require. As the boundary between offl ine and online commerce disappears as retailers focus on fulfi lling the personalised needs of each customer, a fresh version of retail is taking place, a retail which is far beyond the scope of Omnichannel and Phygital. It is ‘New Retail’ and this is the concept the May edition of IMAGES Retail explores in its lead story. ‘New Retail’ is a concept coined by retailer extraordinaire, Jack Ma, Alibaba’s Founder. The concept works on the theory that no two physical consumers are the same and that the physical world will become a real-time manifestation of users’ implicit as well as explicit commercial desires – in simpler terms, the supreme integration of offl ine and online commerce leading to extraordinary consumer experiences. Ma says, New Retail will transform the industry beyond imagination. The issue talks about how New Retail works, with case studies and how the Indian market can adapt it in its context. The edition also brings an exclusive feature on the foodservice industry, which is fast changing and getting more and more competitive by the day. The feature highlights expert opinions and views from both technical and investment angles. Finally, the edition continues to brings readers a round-up of India Fashion Forum 2019, which was held on March 27 and 28 in Mumbai. Check out some notable insights and analyses from the thinkers and futurists of the Indian Fashion Retail industry who attended it in large numbers. As always, we hope you fi nd this issue informed and benefi cial.
The largest read magazine in the Indian retail industry, ‘IMAGES Retail’ is a comprehensive and authoritative one-stop information resource for the top and middle level retail professionals. A powerful catalyst for the profitable growth of the Indian retail industry, Images Retail covers the entire gamut of retail operations in India addressing key issues such as investments and opportunities in retailing, innovation in formats, store design & VM, merchandising, real estate, IT, supply chain & logistics, CRM and analytical reports backed by in-depth market & consumer research.