Kongu Members Meet at PSGIM: Live Blog
3:45 pm : Thank you friends we are now closing it for the day! A big bye from the campus of PSGIM. Till further live blogging, its a see-ya tata bye-bye from Team YourCoimbatore.com!
Dr. N Balu, Director, Cosmos Sports LLP proposed the vote of thanks.
Session on Branding and Growth: Mr. Senthil Natarajan, Managing Director, Kovai Pazhamudir Nilayam
Speaking during the presentation he stressed the importance of how advertising and branding for a business. Every brand has to evolve over a period of time. Building a brand is not just the tag line and the TVCs its more its the people the culture etc also going into the same.
Branding is more than sum of all parts. Change is constant. Brand Building is a platform for future exponential growth.
He went on to discuss the brand growth story of Kovai Pazhamudhir Nilayam.
Session by: Technology in Retail, Ganesh Subramaniam – Stylumia – former Head Operations – Myntra
He spoke on Artificial Intelligence in Fashion and lifestyle Industry and how Stylumia can help the businesses.
More than 50% of the fashion products sell at a discount!
Push vs Pull
AI – use machine learning and computer vision, use knowledge graph to ascertain the data tabulation.
All in the cloud – data analysis. Helps business to get to the best decision making.
Session by: Exclusife (Sponsor)
Pain point – data collections, to campaign for the retailers
Automated Data Collection – integration of POS, Android app or swiping machines even from Just Dial, Zomato, Magic Bricks
Automated announcements: Festival, birthday anniversaries etc.
Panel on Winning in Retail
Moderator: Dr. Umesh Chandrasekhar Professor, PSG Institute of Management
T.K Chandiran, Founder Chairman, The Chennai Silks
Suhail Sattar, Director, Hasbro Clothing P Ltd
Sunil Sanklecha, Founder and Managing Partner, Nuts n Spices
S. Muthuraman, Managing Director, Lakshmi Ceramics
Dr. N Balu, Director Cosmos SPorts LLP
The intro actually made it as a lifestyle brands… T.K Chandiran, Founder Chairman, The Chennai Silks in his intro said clothing is an integral part of human existence and then it has evolved.
Mr. Sunil added that lifestyle brands become the norm.
Mr. Suhail added his lifestyle brand was target to mens young trendy lifestyle created aboard with a certain amount of Indianess in it. Its an interpretation of the Indian adaptation.
Trends are changing by the week, even for ceramics is what S. Muthuraman, said. The impact of digital is making non perishable items useless so fast.
Some pointers from the discussion:
Selling the right product at the right time to the right consumer is foremost.
Chennai Silk has a Vivahah Saree priced at 1,00,000 USD in 2008. (sold 50 sarees)
Comparing and feel and touch is important.
Focus on customers, customisation is happening more.
Will survive with online and offline together. Also talk on the profitability.
Get on a middle grounds to reach new customers.
Its an opportunity to expand and more aggressive relocation.
Competition is good.
Customer getting more variety, and creating value is foremost for them to continue patronage.
Market base increases with competition.
From here to Mr. Arun Jaitley – FM
Give Retail industry status
Give us a level playing field. Indian vs Foreign fund deployment
Fund Special Retail Zone – infrastructure creation
SEZ – Segmentwise if possible.
Session by : Mr. Deepak Shetty, Radiowalla.in (in store radio business) (Sponsor)
- 6 year company with 10,000+ stores!
- Music Licensing – Mediawala Music, purely retail music.
- Branded instore radio
- Via Internet (not live stream)
- Customised for every store
- Video analytics – Demographics
- other services include POS sales kiosk placement etc.
Summing up how music can take the retail to the next level scientifically.
Session by : Lawrence Fernandes, Director Retail Learning, Retailers Association of India, speaking on New Age Retailing…
- Highest number of retail outlets – 13 million 1 for every 100 citizens
- 350 -450 m digitally influenced consumers by 2020
Laws in FDI retail
Single Brand – 100% FDI allowed with 70% sourcing in India and Foreign company 100%FDI with 30% sourcing
RAI has lobbied with govts for example:
- Retail policies in AP, Karnataka and Maharashtra – policy level
- 365 days store opening general permission for retailers in Maha, TN, West Bengal, AP, Telengana, MP and Delhi
- Retail preparedness for multi layered GST regime
Advocacy – Talent Development – Industry Creation
Social Media Channels very powerful way to communicate from our side.
Retail Learning at RAI
- Functional retail workshops
- Elearning – Prevention of Sexual Harassment
- Custom training form International speakers
10:00 am : Hello Coimbatore, YourCoimbatore.com is at the Kongu Members Meet, a business community interaction meet under the aegis of Retailers Association of India and PSGIM.
The business community especially from the retail to jewellery to sports and other categories were in full attendance at the PSGIM’ Convention Hall, to explore business and future trends in their sector.
The event started with Dr. N Balu, Director, Cosmos Sports LLP welcomed the gathering.
B. Soundarajan, Chairman, Suguna Group inaugurated the event.
Dr. R Nandagopal, Director, PSGIM gave the presidential address.
Mr. K R Premnath, Joint Managing Director, Shri Coimbatore Jewellers also gave a special speech.