As part of our consistent store expansion strategy, we’re planning to add 60 to 65 new stores in FY2025-26. At V-Mart, we remain focused on growth, and we’re targeting another year of double-digit same-store sales growth. Our commitment to bringing value fashion to more cities continues to drive our momentum …
We are seeing a continuing slowdown in the post-COVID environment, and growth still hasn’t returned to pre-COVID levels, Consumers have become more price-sensitive, which is driving higher demand for lower-priced products, while spending on premium items has clearly declined. Even value retailers like us are feeling the impact, as overall …
We have expressed the company’s goal to achieve an 18-19% growth in the current fiscal year. He emphasized that V-Mart is focusing on offering high-quality fashion products at competitive prices, catering to Gen Z consumers, and reducing average selling prices to drive growth. We also noted an increase in footfalls …
At V-Mart, we’re seeing positive signs of consumer demand bouncing back, especially in eastern India. Our expansion efforts are not just about increasing presence, but connecting deeply with local markets, allowing us to drive growth even in challenging times. This approach showcases the company’s resilience and strategic regional focus.
We are planning to open over 65 stores this year, building on the 59 stores we opened last year. With over 400 stores across 235 towns in 26 states, we are committed to expanding pan-India. India’s long-term growth potential is what we are banking on, and we’re not compromising on …
We are seeing significant growth in business in Tier-2 and Tier-3 cities, especially in the southern regions. Our focus is on expanding in Tier-3 cities in South India, where the consumer market is growing rapidly. These cities offer a huge opportunity for expansion, and we are excited to tap into …
We are witnessing a significant shift in consumer behavior, with young buyers increasingly gravitating towards affordable fashion. This is reshaping the entire retail landscape. However, the aggressive entry of national retailers into this space is undoubtedly creating more competition. While this heightened rivalry may disrupt the current dynamics, it also …
The value-fashion market in India is evolving rapidly, and we’re seeing more retailers focus on this segment to tap into the younger, price-conscious consumer base. The success of brands like Zudio has given a strong fillip to the apparel market, triggering aggressive entry by several national players. While this signals …
CEO of V-Mart Retail, said, “While demand has been slow and flat in the first half (H1) of the year, I expect a strong recovery in the second half (H2). Despite the current challenges, I remain optimistic about the long-term potential of the fashion market. Also provided insight into the …
We are seeing a slowdown in the post-COVID-19 environment, and we’re not witnessing growth compared to pre-COVID levels. There’s a clear shift towards lower-priced products, as consumers are not willing to spend on higher-priced items anymore. Even value retailers like us are feeling the heat of this change in consumer …
In India, there’s a significant difference in consumption patterns between urban and rural areas. We see a clear variation in consumer behavior, spending habits, and demand volumes across these regions. In urban markets, consumers are quicker to adopt new trends, and there’s a higher level of discretionary spending. On the …
The fashion and lifestyle online platform LimeRoad is set to be acquired in a deal valued at ₹67 crore. In this context, I, along with other key industry figures, will be discussing the potential benefits and impacts of this acquisition. It’s an exciting development for the retail sector, and we …
The Bada Business Event I’ve always both enjoyed, and felt honored to be part of various industry meets. The Bada Business meets have always been one of my favorite events to attend; and this June program was no different. At the Talkatora Stadium, it was heartening to see hundreds of …
Over the past one and a half years, we’ve taken a price hike of around 15–17% to offset the rising input costs. Inflation continues to be a concern, and we believe it could impact consumer demand, which, unfortunately, hasn’t yet returned to pre-pandemic levels. That said, we are optimistic and …
As we move into the second half of the fiscal year, I remain cautiously optimistic about the outlook,We’ve started to notice early signs of recovery in demand, especially following the festive season, which gives us some encouragement about consumer sentiment.At V-Mart, we are actively adapting our strategies to align with …
With around 90% of tier 2/3/4 consumers still showing preference for at-store shopping, V-Mart looks forward to continue its yearly store expansion plans as usual. While the retailer continues to hone and gradually upscale its digital offerings, it aims to leverage the brand following by its vast consumer base by …
As we navigate through these challenging times, especially during the second wave of COVID-19, we’ve seen a significant short-term impact on our business. Store closures and reduced footfall have affected revenues, no doubt. But I’m optimistic. Our focus remains firmly on recovery and growth. We’re continuing to expand strategically and …
The brief few minutes I interacted with Bada Business’s Dr. Vivek Bindra, and Bollywood star Vivek Oberoi, over their Covid-19 related inspirational virtual event felt so rejuvenating! Indeed, apart from helping out our community with any kind of support during these hard times, even a brief telephone call enquiring about …
The apparel retail sector has been one of the hardest hit in the last year,we are seeing demand gradually recover, but we are still not at pre-COVID sales levels. While there are positive signs, it’s a cautious recovery.In terms of demand, we are seeing strong traction in value-driven categories, essentials, …
Ahh, last year’s lockdowns! Didn’t they teach us all to remain productive no matter what? While WFH became the norm for many, including me; I always considered work from anywhere (WFA) a more apt theme to maximize my own productivity. With the gradual unlock phases, I took the opportunity to …
Too much of workplace collaboration could be affecting your productivity. It is important to justify collaborative activities and participate accordingly for improve efficiency.
As entrepreneurs, whoever doesn’t want to expand one’s business? Once you are over the initial turbulent phase of launching your business successfully, it is only natural to consider expansion. Expanding is risky. However, if you plan well and it pays off, you will be seeing yourself making great leaps in …
Do you remember the time when there were no mobile phones? Moreover, hard-to-access internet with the slow dial-up connection? Undoubtedly, the gen X (those born in the 70s and early 80s) would recall that time. A time when the landline phone was viewed as something of a status symbol! A …
It is not often that I’m impressed…and so it came as a complete surprise when my son, Varin who is just seventeen years old presented me with a book titled, ‘The Indian Dream’ one fine morning. For a few moments I couldn’t surmise that the book was actually written by …
Identifying, harnessing and developing the right mix of employees as future leaders in your company is as much an art as science. However, there are several factors which often negatively impact this exercise. Intuition Bias This is perhaps the most disruptive of all politics. More often than not the top …
Stories, Opinions, Learnings, Outcomes; or, in short, SOLOx: That’s the event I was recently invited to speak at at the India Fashion Forum held in Mumbai on April 13. It turned out to be a very compelling forum, much beyond sharing the latest fashion and supply trends in the …
Despite being controversy’s favorite child, we cannot fail being impressed by the maverick new Chief Minister of the state of UP: Yogi Adityanath. The man means business and he lets this know in no clearer terms to the public as he sets out to achieve his social vision of ‘sabka …
Following its historical electoral win, it is heartening to see the government focusing on social development, particularly health. What’s better is that it’s doing so with a long-term perspective rather than as a short-term initiative post winning the elections. Besides being comprehensive in terms of cost, access and quality, the …
I recently had the honor of being a Judge in the first China (Shenzhen) Innovation & Entrepreneurship International Competition held in Bangalore on March 18 & 19. The event saw the Indian region round held with great gusto, with several budding entrepreneurs from industries such as IT & Mobile, Electronics, …
Recently, PM Modi has called for “reflective, balanced and farsighted perspective on movement of skilled professionals” while addressing a 26-member US bipartisan delegation in New Delhi. The statement comes at a crucial time with the Trump government gunning for laws which could severely affect the Indian IT professionals currently working …
The Retail Leadership Summit held on February 15 & 16 in Mumbai witnessed some of the best retail brains globally come together in an absorbing discussion on the global retail industry, propounded to reach a whooping USD54 billion by the year 2019. As a participant in the ‘Connected Retail’ agenda, …
From the 690 seats this year to the 964 on the cards next year forming the backdrop of the general election in 2019 – the political canvas is chalked out for finance minister Arun Jaitley as he drafts the country’s economic policy. The political considerations infesting the budget mindspace since …
One of the obvious debates which has risen on the back of demonetization is whether India is indeed ready to go ‘cashless’ or not. While some factions believe it is not so owing to the mindset of the population at large, others believe the country is not ready owing to …
Remember the saying that a good salesman can sell a comb even to a bald man? Indeed, true salesmanship is an art. As a kid back in late 70s I remember when I used to visit my father’s store in Kolkata, and witnessed first-hand how salesmen there more often than …
Wish you a very Happy and Prosperous New Year to all…. 🙂
I want to express my sincere appreciation and thanks to IRF for recognizing us with the Images north India Retailer Award. I am truly humbled and honored to receive it. Customer service is not a department it’s an attitude. Winning with teamwork…
The way we perceive shopping, shops and the overall shopping experience itself is bound to undergo a mammoth change – so much so that the Indian retail industry would be witnessing more changes during the next 5 years vis-à-vis all the changes which took place during the previous half-century. Considering …
I recently got the honour of speaking at one of the most premier management institute of India : The Indian Institute of Management Ahmedabad, which has given the world some of the brightest management students. I was there on 23rd Aug 2016 and spoke on ‘Creativity & Innovation As Core Competence’ …
Great time spent yesterday at RAI Summit, Delhi. The discussion were really valuable and Insightful with the people from same industry.
The power of Social Media, Analytics, Mobile and the Cloud has reached such a crescendo that the retail industry cannot remain untouched anymore! Why is this so? Technology propels creativity, and creativity fosters competition. If there were to be no competition there wouldn’t be a thrust for excellence – and …
The Indian adolescents/youth have an ever increasing penchant to emulate their fashion icons and their peers. They tend to subconsciously relate fashion dressing to their social confidence. I am talking of the huge chunk of Indian population in the age range of 15 – 25 years. Out of this, the …
As an avid participant in retail forums I recently was a panelist at the 2nd edition of The Indian Retail Forum organized by The Economic Times. Contrary to what one might expect, it was an engrossing & enlightening discussion amongst the industry stalwarts on the various permutations & combinations of …
So much has been written about the e-tailers gnawing away at the traditional brick & mortar retailers’ market over the past 2-3 years that to a layman it would appear that the traditional retail store business in India is on its death-bed. I find it extremely amusing.
I recently got the honour of speaking at one of the most premier tech institutes of India: The Indian Institute of Technology, Kharagpur, which has given the world some of the brightest engineers. I was there on January 10, 2016 and spoke on ‘E-Commerce vs. Traditional Retail in India’. It …
Kolkata will always hold a special place in my heart for many reasons, both personal and professional. Speaking on the professional front, Kolkata happens to be one of the most fertile breeding grounds for the textile/apparel industry in India. I recently got an invite to the 2nd edition of the …
Over the past few years the varying roles of the Human Resources function in any industry has evolved to accentuate the need for HR to be a strategic business partner in business leadership. In this article I would share a few key parameters on how a company’s HR department can …
That the retail scenario in the Indian apparel industry is getting more colourful in the tier 2/3 cities is now common knowledge. Adding to that is the deep mobile penetration in such regions and increasing affordability of smartphones – prompting even semi-literate mobile users to start using the internet for …
