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In a significant boost to the already robust leadership team of V-Mart Retail, the company announced Vineet Jain, retail industry veteran and former CEO, Future Group, North India, has joined as its new Chief Operating Officer.
An industry veteran who has seen the dawn of modern retail in India two decades ago, Vineet has worked with Future group for over 17 years spearheading annual business over Rs 6,000 crore and leading an 8,000+ strong team of personnel and managing over 3 million square feet retail area
Welcoming Vineet Jain onboard Lalit Agarwal, CMD, V-Mart Retail says, “We are delighted to welcome Vineet to the V-Mart family. Vineet brings both depth and breadth of leadership and operational experience in the value retailing format, and a customer-centric approach that would help accelerate V-Mart’s growth and market leadership journey”.
A specialist in managing Hypermarket/ Supermarket/ Fashion Businesses, he worked with Future Group as a core member and has managed reputed value retail formats including Big Bazaar, Food Bazaar and FBB.
A polyglot who is a CA From ICAI, CWA from ICWAI, CS(Inter) from ICSI, the new V-Mart COO also is an alumnus of IIM Ahmedabad and INSEAD, France in Advanced Management Programs.
FableStreet, a digitally native, home-grown apparel brand for professional women has appointed Adarsh Sharma as the Chief Revenue Officer. The appointment comes as the brand looks to scale new heights having successfully maneuvered its way through the challenges thrown by the pandemic. The brand is now looking at expanding its product offering across newer segments, channels, and fortifying its online presence. Adarsh will be leading the online business and will also be responsible for driving the strategic initiatives for the next leg of shift and sustainable growth.
“The thinking has sunk in across levels and all functions that it is important to serve the consumer, wherever they are coming from. The normal has shifted to a new normal. Store staff has also stepped up into their new responsibilities, in terms of taking up jobs which they have never done. Store executives are taking up new responsibilities like using order management system, managing an order, shipping from store, making sure that quality is maintained while they ship, etc. From that perspective, store operations have changed quite a lot. Store staff is also looking at ways and means like how to go out and help various customers, brands have gone out of their way to do an assisted shopping through WhatsApp videos, started taking calls, shipment through Dunzo, etc.. The operations what we knew earlier and operations what we know now and how it is going to evolve will be a very different paradigm,” explains Vishal Kapil, CTO, Fashion Retailer.
According to Venkat Nott, CEO, Vinculum Group, retailers have understood that digital needs to be a part of their strategy and recently most brands have become Omnichannel. Vinculum Group is known for onboarding, cataloging, helping clean data and listing on Omnichannels.
“TENCEL™ and ECOVERO™ fibers are some of the best in fiber brands currently available in the market when it comes to sustainability. It has become the reason for our global success. The focus starts from the very initial stage – raw material sourcing. The wood used for Lenzing fibers is sourced from FSC and PEFC certified sustainably managed forests. This ensures that no endangered forests are harmed. The production process for our different fibers is trailblazing.
Sharing his excitement on the ELLE Jewelry launch, Ayyappan Rajagopal, Head of Business, Myntra said ‘’Being one of India’s leading fashion and lifestyle destinations, Myntra offers the perfect platform for ELLE to launch its fashionable Parisian lifestyle inspired jewelry in India. The strength of our brand portfolio allows ELLE Jewelry to broaden its cross-category representation. Fostering our commitment to provide our users with unparalleled choice, Myntra will be the first to launch ELLE Jewelry in India. Jewellery is an important part of getting ready. With the launch, we aim to further strengthen our jewellery portfolio.”
“On the other hand, cons I feel would change as soon as there’s some relief around the pandemic but right now the whole fact of not being able to touch and feel or check out our footwear made with genuine leather in person is somewhat of a drawback. But every problem comes with a solution and hence we resolve that issue with our try-at-home service- so that works well too,” Malik says.
Iatric industries will be the exclusive collaborator for the next 25 years for the German company in India for both production and sales. The products manufactured will be exported to all the 80 countries in which the German company products are already being sold.
Asked if the company is planning any price increase of its products, Dua told PTI: “Raw material prices are benign right now..Prices (of raw materials) are looking up from January onwards. We will review cost pressures at the end of December and take a call whether to hike prices of our products or not.”The company has eight manufacturing units and has presence in 20 countries and exports account for 4 per cent of its total turnover.
“To establish a new normal, we needed to resort to ways which can help us carry on with our pre-pandemic practices but with caution. And virtual store tours enable that for us. They encourage people to shop from their homes after screening through the entire store and collection virtually. They further aid them in selecting the right pick with the executives assisting them on video calls and later with the home-cum-trial room service offered by various labels; thus making virtual store tours imperative in instilling the new normal,” Malik states.
Lifestyle International Pvt. Ltd, part of the Dubai-based retail and hospitality conglomerate, Landmark Group, announced the appointment of Kabir Lumba as Chairman of the Board, effective 1st April 2021. Lumba, CEO designate, Landmark Retail, Middle East, will be taking over the role from Ramanathan Hariharan, who will be retiring on the 31st of March 2021.