Latest news with #RetailersAssociationofIndia
Fibre2Fashion
a day ago
- Business
- Fibre2Fashion
India's June retail sales up 8% YoY, apparel leads
India's retail sales grew by 8 per cent in June 2025 compared to the corresponding month last year, according to the 63rd Retail Business Survey released by the Retailers Association of India (RAI). Among categories, apparel and sporting goods led with 10 per cent growth each during the period. Footwear registered a growth of 7 per cent, while furniture and furnishings grew by 8 per cent. India's retail sales rose 8 per cent year-on-year (YoY) in June 2025, as per the RAI. Apparel and sporting goods led with 10 per cent growth, followed by footwear at 7 per cent. West India posted the highest regional growth. RAI CEO Kumar Rajagopalan noted improved momentum ahead of the festive season, with non-discretionary spending offering hope for a broader consumption rebound. Regional data shows that West India recorded the highest year-on-year growth at 10 per cent. North India posted a 9 per cent rise, followed by South and East India, with growth of 7 per cent and 4 per cent respectively, RAI said in a press release. Kumar Rajagopalan, CEO of RAI, said, 'Retail sales grew by 7 per cent in May and 8 per cent in June, following nearly a year of 4–5 per cent year-on-year growth. The festive season begins at the end of August, which may influence how demand evolves. Retailers have a sharp focus on the way consumers are buying non-discretionary goods. Non-discretionary spending creates hope for the consumption market.' Fibre2Fashion News Desk (KUL)
Fashion Value Chain
a day ago
- Business
- Fashion Value Chain
Retail Sales Up 8% in June 2025, Says RAI Survey
According to the 63rd Retail Business Survey by the Retailers Association of India (RAI), India's retail sector saw an 8% growth in June 2025 compared to the same period last year. This follows a 7% increase in May, signaling positive momentum after a year of modest 4–5% year-on-year growth. RAI CEO Kumar Rajagopalan noted that while demand for non-discretionary goods is currently driving market optimism, the upcoming festive season starting late August could further boost consumer spending. Regionally, West India led with 10% growth, followed by North India at 9%, South at 7%, and East at 4%. Category-wise, apparel and sports goods topped the charts with 10% growth each. Other key segments like consumer durables & electronics (CDIT), jewellery, and quick service restaurants (QSR) posted 9% gains. The report highlights a cautiously optimistic retail landscape with emerging trends that may shape future consumption patterns across the country.
Time of India
4 days ago
- Business
- Time of India
41st anniversary of The Times of India, Bengaluru: Generation Z is reshaping Bengaluru's social fabric
Bengaluru's social landscape is being reshaped by Gen Z, a digitally native generation prioritizing independence, sustainability, and unique experiences. This group, comprising 377 million individuals in India, favors renting over owning and supports eco-friendly brands. By Generation Z, often referred to as Gen Z, is revolutionising the social landscape of Bengaluru. They are redefining norms and making a significant impact on the communities they live in. Gen Z includes individuals born between 1997 and 2012 — digital natives who grew up during a time of technological advancements, socio-economic transformations, and increased global connectivity. According to the BCG-Snapchat report titled 'The USD Two Trillion Opportunity: How Gen Z is Shaping the New India', Gen Z is a rapidly growing demographic in the country, comprising 377 million individuals. This group is expected to be a major driver of consumption growth, with projections indicating they will contribute $1.8 trillion in direct spending by 2035. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru Genesis of Gen Z Kumar Rajagopalan, CEO of the Retailers Association of India (RAI), describes the characteristics of Gen Z in India: 'They value independence, sustainability, unique experiences, social engagement, and innovation. Gen Z tends to favour renting over owning — from wardrobes and gadgets to homes — opting for access rather than accumulation. They prioritise eco-friendly, purpose-driven brands and are willing to spend more to support sustainability. Their lives unfold online, as they share every experience and purchase on social media. Also, they manage their finances early, using trusted digital tools for saving and investing.' Numerous studies and surveys have been conducted to understand the characteristics and spending habits of Gen Z. Amit Misra, CEO, MSL South Asia, shares insights from their survey 'Make Way for Bharat Z'. According to the study, Gen Z is leading the digital spending wave. 'Over 55% prefer online platforms for discretionary purchases, compared to just 14% who shop offline. Whether booking travel, ordering food, or subscribing to OTT platforms, they are digital-first and highly discerning in their choices,' says Misra. Sharing insights on Gen Z's shopping behaviour, Suman Saha, CXO, House of Brands and FWD, Myntra, says it is defined by a sharp eye for trend-meets-value. 'As early professionals or college students, these digital natives actively seek stylish yet pocket-friendly finds. We have seen strong traction for value-driven offerings such as denims priced at ?299 or buy two dresses at ?799. These deals witnessed a fivefold increase compared to regular constructs during a recent End of Reason Sale (EORS),' adds Saha. 'Need is the primary factor influencing their spending decisions, while 90% emphasised 'value for money' as a key consideration. Only 12% are influenced by celebrity endorsements. On the other hand, 67% are influenced by word of mouth from family and friends, and 45% turn to their social media networks,' shares Misra. Gen Z's Consumer Code According to experts, Generation Z is reshaping the consumer landscape. Their values and behaviours influence their spending patterns; hence, retailers and other sectors need to change the way they engage with this generation. 'Social media activation, through creator tie-ups, shoppable posts, and livestreams, is key, given that nearly 80% of Gen Z shoppers explore or make purchases on social media platforms. Fast, seamless shopping journeys supported by personalised recommendations and clear brand values will help retailers stand out and connect meaningfully with this generation,' suggests Rajagopalan.
Fashion Value Chain
05-07-2025
- Business
- Fashion Value Chain
RAI Hosts First Visakhapatnam Retail Summit 2025
The Retailers Association of India (RAI) successfully hosted the inaugural Visakhapatnam Retail Summit (VRS) 2025 at Novotel, bringing together prominent retailers and thought leaders from across Andhra Pradesh. The summit served as a collaborative platform to discuss retail opportunities in Tier-2 cities and the evolving dynamics of consumer behavior beyond metropolitan markets. In his opening remarks, RAI CEO Kumar Rajagopalan highlighted the sector's contribution to employment and GDP, and noted that Andhra Pradesh's expanding retail infrastructure, new malls, and investor-friendly policies are fueling growth in emerging urban hubs. Panel discussions and keynote sessions explored the future of retail in non-metro regions under themes like 'Profitability Beyond the Metro' and 'The Smart Store Revolution.' Industry leaders shared their insights: Avnish Anand , Director of Neeru's and RAI Hyderabad Chairman, said Andhra Pradesh offers a unique mix of local flavor and global ambition, with Visakhapatnam emerging as a transformative hotspot. Mavuri Venkatramana , Chairman & MD of CMR Group, emphasized rising consumer expectations for quality, variety, and seamless retail experiences. Kankatala Mallikharjuna Rao, MD of Kankatala Textiles, noted a growing appetite for curated, premium offerings and a blend of tradition with innovation in Tier-2 cities. Notable brands such as BigBasket, Creamstone, Vishal Peripherals, and others participated, reflecting the state's vibrant and diverse retail landscape. The summit concluded with a networking session aimed at fostering deeper partnerships and knowledge exchange among regional players.
The Hindu
03-07-2025
- Business
- The Hindu
Retailers discuss future of consumer engagement
The Retailers Association of India on Wednesday hosted the Visakhapatnam Retail Summit-2025 on the theme of 'Profitability and Innovation Beyond Metros'. Stakeholders from the retail ecosystem discussed the opportunities, challenges, and the future of consumer engagement. The summit focused on how retailers across Andhra Pradesh are adapting to a changing consumer base—one that is increasingly digital, discerning, and aspirational. Discussions explored the role of technology, localised strategies, and policy support in enabling growth across Tier-2 and Tier-3 markets, said Kumar Rajagopalan, CEO of RAI. 'Retail is a strong contributor to the nation's GDP and a key generator of employment. The shift we are witnessing in non-metro markets is shaping the next wave of retail expansion,' he said. The summit featured keynote addresses and panel discussions, including sessions titled 'Retailing in Andhra' and 'The Smart Store Revolution.' Retail brands such as Neeru's, Kankatala, BigBasket, CMR Group, Creamstone, and Vishal Peripherals shared their experiences and insights on regional market dynamics. Avnish Anand, Director of Neeru's and Chairman, RAI Hyderabad Chapter, said, 'Visakhapatnam is rapidly evolving as a hub of both talent and innovation.' Mavuri Venkatramana, CMD of CMR Textiles and Jewellers Pvt. Ltd., observed that the modern consumer in Andhra is 'aspirational, digitally aware, and increasingly inclined towards local brands while embracing global trends.' Kankatala Mallikharjuna Rao, MD of Kankatala Textiles, noted that today's consumers are 'seeking convenience, curated experiences, and digital engagement,' especially in rising urban centres like Visakhapatnam.
