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Retail leaders deliberate retail strategies for a dynamic eastern market at RAI Kolkata Retail Summit 2023

The Retailers Association of India (RAI) organised the ‘Kolkata Retail Summit (KRS) 2023’, also known as the Retail Convention of Eastern In...

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 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 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.”

This year, the Kolkata Retail Summit (KRS)  featured 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 also addressed 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 including 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.

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