Retail Lab: Recent Episodes
Retail Lab
Monthly Podcast by Retail Lab Members of KJ SOMAIYA Institute of Management on Various Topics Related to Marketing and Management
One of the most significant aids to the Indian economy post covid in terms of both revenue and employment is the health sector. Health Insurance is an important leg of this sector which has enabled people to access healthcare services and facilities irrespective of their economic status. A personal health insurance coverage is often referred to as retail health insurance.
The change in healthcare landscape is not a far-fetched idea. With the advent of technology innovations in health tech space and the increasing demand for quality healthcare services, industry experts suggest that there has to be a greater convergence between drivers of health care industry. A patient centric approach will shape the future healthcare landscape is what was concluded.
Retail is becoming an important source of new ideas for healthcare systems. Retail is becoming an important source of new ideas for healthcare systems. In this experience-driven, consumer-focused economy. In this episode we will talk about the future of retail healthcare.
The emergence of food delivery enterprises has given rise to a new business model of food retail services. Although the industry has witnessed significant growth on a year over year basis, major companies must do a lot of legwork to improve their business's financials. This episode talks about a critical view on the e-tailing in the food industry.
The largest sector of the Indian retail industry, food, and groceries, has an opportunity worth $570 billion and represents 66% of all retail expenditure in the nation. Consumers' lifestyle demands and desires vary throughout time, and every business tends to adapt to these changes while maintaining the standards that consumers expect. Since the lockdown, many things have changed. This episode of Retail Lab talks about the evolution in the Food Retail Industry.
In this episode of Retail Lab, we will be talking about the types of food retailers. Food is one of the most dominating segments in the Indian retail sector, accounting for more than 50% of the country’s total retail spend. A wide array of retailers must include various food items in their assortment because this will help them gain customers' attention.
In this episode, we discuss the various types of Retail Banking and the products offered by retail banks.
In this episode, we'll be talking about Consumer Lending and Credit Card in Retail.Quick consumer lending and flexi EMI options, accompanied with low cost of these consumer lending instruments act as an enabler for consumers to purchase whatever they want without having to give any second thought. Improvisation in credit lending framework and regulation has made the environment conducive for NBFCs and banks to capitalize on this opportunity.
Banks have been the heart of an economy since decades. Retail Banking, also called as consumer or personal banking is the plethora of services that a bank offers to the consumers. In this episode, let us delve deeper into the know how's of the future of retail banking.
This episode talks about how in this modern era, technology and innovation go hand in hand. The Consumer Electronics industry is evolving as one of the largest industries exhibiting elevation in the consumer trends. The consumer electronics industry is booming with requirements from the consumer side, which in turn is increasing the need for innovations.
The personal care industry has encountered difficulties during the pandemic. Retail stores closed, customers shunned social events, and on-premises sales decreased as the world went into lockdown. Despite this, the personal care industry has remained one of the most successful post-pandemic companies, thanks to online sales. A completely different and a new side of organizations, marketing strategies was seen.
In this episode we talk about the Indian Media and Entertainment Industry which is one of the sunrise sectors of the Indian economy and is making significant progress with time. It has proved its resilience from time to time and is on the verge of having a solid phase of growth driven by increasing consumer demand and ad expenses. We will learn more about some of the key trends that are significant industry drivers.
After Covid-19, the one industry which is changing significantly is the tourism industry. In this episode, we will see the top tourism trends and highlight how leisure businesses can stay on the top of their game and are rebuilding tourism for the future.
Have you ever visited a shop and spent a longer time than you intended to? You must have gone from aisle to aisle and have spent more than you thought. That is exactly what retailers want. This is where Visual merchandising & Store layout comes into the picture which is done by retailers to increase footfall and drive sales with maximum impact.
The retail industry is growing at a significant rate worldwide. With the growth of the retail industry, the management of retail operations is also becoming crucial and is gaining light. The operations have many aspects like inventory management, payment, checkout, store layout, budgeting, etc. Payment and checkout are crucial aspects of operations in the retail industry.
Inventory is the most important asset of a business. It is said that the Inventory of a business is just money sitting around in another form. And a business is all about having the right amount of money at the right time. Simply translating this to the fact that Inventory Management is all about having the right amount of stock at the right time in your inventory.
It is never too late to start budgeting in any business. Even if you've been in the company for a long time, it might provide you a significant boost. According to accountants, this is an area where many shops fail. Here is how Budgeting might help you:
· Estimate the amount of money you will have to deal with.
· To keep against running out of money (and getting into scrapes with suppliers or banks)
· Develop preparations for reinvesting in the business to improve it
· Check to determine if things are off track and make any course changes
With summers around the corner, manufacturers of home appliances such as ACs, fans & coolers gear up to meet the huge demand of this season through different steps & tactics. Check out how sales in the electronics industry are affected in summers!
The hotel industry is one of the subdivisions of the hospitality industry, which aims to provide visitors with lodging services. Check out about the industry specifically in summers.
The climate of any place can very well influence the fashion trends of that place. Indians want to particularly stay at the top of their game when it comes to their fashion choices. And hence, the beginning of any season also marks the beginning of a new fashion trendsetting in the country.
Seasons are an influential factor in consumer purchasing behavior and play a significant role in many aspects of the food retail sector decision-making. Check out the Food Retail Industry in Summers.
Internet usage around the world is at an all-time high, people are spending a significant amount of time looking at things in the virtual world.Listen to the podcast to know more
In the year 2019, the Coronavirus, or Covid-19 as we call it came in as a red flag to the world economy. Listen to the podcast to know more!
The top companies in the retail industry have shown the world how the power of digital marketing be can utilised to improve business performance & drive productivity. Listen to the podcast to know more!
In this month's February Edition- Digital Marketing: Tips And Tricks in Retail- Listen to the podcast to know more!
In the past two years, or for as long as the Covid-19 pandemic has hit the world, there are industries and businesses which have undergone humungous transformations. We saw financial institutions, IT organizations, educational institutions, and every other industry going online. Listen to the podcast to know more!
The Climate crisis is one of the world's biggest problems right now. While some people might choose to ignore it or overlook it for their own personal agendas and benefits, Retail has taken the responsibility to be one of the flagbearers of sustainable practices and goals. Listen to the podcast to know more!
Corporate Gifting is a culture widely followed across the world. It is a practice of burning boundaries within an organization by using gifts in the form of physical items, edibles, sweets, or gift cards or coupons, or tickets (to shows or concerts).Listen to the podacst to know more about Corporate Gifting
The holiday season, said to be the most beautiful time of the year, is the season in which sales in heavy volume happen, especially in the retail sector. It is one of the busiest times for the retailers in their complete operating cycle. Listen to the podcast to know more!
Different cultures around the world have varied traditions for celebrating the holiday season, but shopping is one thing which is common in all. This opportunity is capitalized very well by the retailers around the world by giving various holiday offers and sales to get the attention of holiday shoppers. Listen to the podcast to know more!
The holiday season is the most lucrative and much-awaited season for retailers, shopkeepers, and e-commerce platforms worldwide. These holiday seasons can be anything like Diwali, Christmas, Navratri, Holi, Thanksgiving, Gurupurab, Eid, etc. During these times, the streets and shops are busier, entertaining a large crowd, the shopkeepers increase labor, inventory and distribution are prepared, and many more things are done. Listen to the podcast to know more!
Business models are evolving day by day. With the rise of e-commerce business in the last decade, retail companies working in the brick and mortar format had to think strategically to cope with the competition brought up by e-commerce business. Listen to the podcast to know more!
The shift of offline stores to online services and online presence was slow, and there is a drastic increase in this rate due to Covid 19. Listen to the podcast to know more!
While the world of traditional retail saw how Market Places were developed and organized throughout the world, the modern adaptation of "Melas" started taking places in the early 20th century. Get to know about this interesting transformation by listening to our latest podcast.
Traditional retail continues to be the backbone of Indian retail. Wondering how? Check out our podcast to know more.
Know more about how the franchise business model can be divided into two types- Traditional and Free depending upon strategies, product development etc. Tune in to find out more!
Businesses used franchises as a mode to expand their footprint all across the country. But, there are certain things you definitely need to know before owning a franchise business. Tune in to the podcast to find out.
Ever wondered how so many franchises work around the world? Listen to the podcast to more about its framework.
Ever wondered how some Franchise businesses are so successful and what's the impact of a good location in the same. Tune in to this podcast to find out.
With e-commerce booming, we tend to think about brick-and-mortar stores as a thing of the past. But then why so many e-retailers are opening their physical stores? Tune in to this podcast to find out.
In this VUCA world, if anyone has to survive, it must constantly adapt to the new demand. To adapt to new changes, brick-and-mortar stores are facing some challenges after the emergence of the e-retail market. Let us know those challenges and the suggestions for them.
Technology is taking over the entire world. Our mobile phones are the biggest commodity we consume. Listen to this podcast to find out how Brick and Mortar stores leverage this to give us unique experiences.
Ever wondered what separates a successful brick-and-mortar store from the rest? Hop in to know how stores around the world are using visual merchandising to boost their performance!
With Social distancing norms still relevant and the world going digital, cashier-less stores could be a new reality. Hop in to know more about the cashier-less stores.
Haven't we all been fascinated by the robotics and autnomous technology? We do have wondered as how long it might take to transcend into reality? Well, those days aren't too far. Plug in your earphones to listen to this podcast on the autonomous vehicles and robots that could change the landscape of the retail industry
Predicting the customer demands which are dynamic is made easy through Machine learning. Let's walk through this latest tech trend to understand the changing business landscape in the retail industry
Transcending words into actions wouldn't have been fun more than ever. Asking smart speakers to add products to a cart so that they can place orders entirely by voice, it's kinda is fascinating right? Why wait? Command your Alexa/Siri to play this podcast for you right now!