GeoIQ’s Post

#IRExclusive North Indian value fashion retailer #Citykart targets to open around 300 stores over the next three years, with an immediate goal of opening 40-45 stores by the end of current fiscal year. The 9-year old brand now operates 107 #retailoutlets in 76 cities across nine states. Click on the link below to know more! https://lnkd.in/gRh_JJkt Citykart I Sudhanshu Agarwal I Anagha R Ratna #valuefashion #retailexpansion #valueretail #newstores #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailindia #retailsectornews #retailtrends #retailbusiness #ir #IndiaRetailing

As a top eyewear retailer with 1400+ stores in India and Southeast Asia, Lenskart.com needed a data-driven strategy for profitable expansion. We at GeoIQ took that task head-on and partnered with Lenskart, launching 900+ profitable stores across 200+ cities. Our #ML algorithms analyzed demographics, retail presence, and commercial indicators, optimizing site selection and preventing cannibalization. Read on to learn more about the role data can play in your retail strategy and connect with us to set up a demo today. #retail #retailanalytics #locationAI #locationdata #retailexpansion #data #dataanalytics

Rajneesh Sharma brings over 24 years of diverse experience in FMCG, fashion, retail, and manufacturing. Rajneesh is dedicated to leveraging technology for operational efficiency, customer experience enhancement, and sustainable growth. Click on the link below to know more... https://lnkd.in/embVuW-m Rajneesh Sharma | Campus Activewear Ltd | ETP Group #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

💡 Did you know that when you shop from Zara, Zudio, and Westside, you're actually paying the same company? Yes, all these popular brands belong to the retail powerhouse, Trent Limited, a Tata Group company. With a staggering 12,000 crores in revenue, Trent might soon become the nation's biggest fashion company. 🛍️ Here are some intriguing insights that have enabled Trent to become India's fashion retail king: 1️⃣ House of Brands Insight: Tata Group astutely segmented the market, launching Zara, Zudio, and Westside to cater to different income and aspiration levels. Each brand positions itself differently, maintaining a distinct identity and avoiding market share conflict. 2️⃣ Scale Insight: Trent's smart scale strategy includes focusing on location and retail model. They've expanded massively into Tier 2 and Tier 3 cities, each brand focusing on different states. Furthermore, Trent uses the Franchisee Owned Company Operated (FOCO) model for Zudio, enabling them to scale without massive investments. 3️⃣ Store level Execution: To evaluate a retail store, parameters like same-store sales growth and revenue per square foot are crucial. Trent scores high on these metrics because of their fast fashion approach learned from Zara and private label strategy. These strategic insights make Trent Limited a fascinating case study for those interested in retail and business strategy. 🎯 On your last shopping spree, did you consider the business strategy behind your purchases? What do you think about Trent's approach to market segmentation and scaling? #RetailStrategy #BusinessInsights #TrentLimited #TataGroup

#IRExclusive #RelianceRetail is optimistic about its 2024 #festiveseason performance, with sales already surpassing projections, said Akhilesh Prasad, chief executive officer of the fashion and #lifestyle arm of India’s largest retail company. Click on the link below to know more... Reliance Retail I Reliance Industries Limited I Akhilesh Prasad I Anagha R Ratna #Reliance #Reliancebrands #Yousta #festivesales #salesgrowth #retailindustry #retailgrowth #retailing #businessgrowth #Indianretailmarket #retailresults #retailindia #retailupdates #retailsectornews #businessnews  #retailbusiness #ir #IndiaRetailing

Lenskart.com has expanded with opening 800 stores in the last two years, with site decisions powered by our #LocationAI platform! In a recent conversation, Peyush Bansal mentioned that they are now able to predict the revenue range of a store with 95% accuracy and reduce payback period to 8 months. We’ve supported over 100+ brands in scaling their retail presence across India. With our platform, you’ll have the insights to choose the ideal location and ensure your expansion strategy is on point. Ready to find the best location for your next store? Write to us at [email protected] and get 5 free credits for your site analysis. #RetailExpansion #LocationIntelligence #BusinessGrowth #LocationStrategy #AIinRetail #GeoIQ #SiteSelection #RetailSuccess #SmartExpansion #Lenskart

Lenskart is making significant strides in the eyewear industry! With a remarkable revenue growth of 43%, reaching ₹5,610 crores in FY24, Lenskart continues to solidify its position as the market leader in India’s eyewear segment. 🚀 Key Highlights: New Manufacturing Facility:  $200 million in a state-of-the-art manufacturing plant in Telangana, which will be 10x the size of current facility in Rajasthan, boosting Lenskart's production capacity helping in expansion and increasing global presence in eyewear manufacturing. Omnichannel Strategy:  With over 2,500 retail stores and a robust online presence, dual-channel approach is driving customer engagement and satisfaction. Net Promoter Score has soared from 65 to over 80, reflecting exceptional customer experience. Lenskart remains focused on enhancing consumer experience while expanding our footprint both domestically and internationally. Lenskart's Journey is just beginning, and I am excited to see innovation and growth! loved doing this research, and I thank NextLeap for giving me a great opportunity What do you think? When was the last time you bought specs from lenskart? 📢 I'd love to hear your thoughts, feedback, or ideas! Feel free to connect and discuss. LIP-2 #Lenskart #Eyewear #Innovation #Growth #CustomerExperience #Manufacturing #OmnichannelRetail

Bengaluru-based omnichannel fashion brand Snitch has opened its 16th store in Rajkot, Gujarat. Click on the link below to know more... SNITCH | Chetan Siyal | Siddharth DUNGARWAL #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

Department store chain #ShoppersStop’s value fashion format #Intune has launched its 50th retail store at Jogeshwari in #Mumbai. Click on the link below to know more... Shoppers Stop I Kavindra Mishra I Devang Parikh #Intunestore #valueretail #valuefashon #newstore #retailindia #retailnews #retailtrends #retailsector #retailupdates #retailsectornews #businessnews   #retailbusiness #ir #IndiaRetailing

#TechInRetail Retail reinvented: 9 visionary brands & companies using innovative tech to shape fashion’s future The fashion retail sector is experiencing a fast-paced transformation, fueled by advancements in technology and innovation. Read the full story here: https://lnkd.in/ghRj4hjR PUMA Group Metro Brands Limited Nissan Joseph Van Heusen Abhay Bahugune Decathlon Sports India Deepak Dsouza Myntra celio India Satyen Momaya Pantaloons ace turtle Amit Kriplani Archroma #RetailTech #DigitalTransformation #SupplyChainInnovation #FashionNews #FashionUpdates #BoFDaily #BoFNews #BoFUpdates