Latest news with #PhygitalRetailConvention2025
Fashion Network
09-05-2025
- Business
- Fashion Network
JioMart eyes dark store network for growth
JioMart is considering entering the dark store segment to strengthen its delivery network in areas not adequately covered by its current kirana-led model as it increases its focus on quick commerce. 'An internal team is evaluating options for the dark stores foray,' said JioMart's chief executive officer Sandeep Varaganti on tie sidelines of the Phygital Retail Convention 2025, India Retailing reported. While the business has a presence in 1,000 cities through its kirana network, some areas remain underserved. 'Kirana is a thriving ecosystem, but I won't say they are not impacted,' said Varaganti about the rise of quick commerce and need for local distribution hubs. JioMart is also actively developing its own quick commerce offering with a focus on profitability. Varaganti, who previously worked at e-commerce giant Amazon, assured that JioMart is actively pursuing the quick commerce route for growth but that the business will eschew burning money in favour of profitability. Reliance Retail 's broader infrastructure, comprising 18,000 stores across numerous formats, supports JioMart's operations, and the group maintains a cash flow-driven approach, according to Varaganti. Indian consumers are increasingly preferring 10-minute order fulfilment over traditional three-day delivery times but Varaganti is confident that a 30 minute wait time will also be well received.
Times of Oman
05-05-2025
- Business
- Times of Oman
Muscat Grand Mall in Partnership with SRED Announces 'Little India' as Social Anchor, Invites Indian Brands at Phygital Retail Convention 2025
Muscat – Muscat Grand Mall, a flagship destination of Tilal Development Company, in collaboration with SRED, proudly announces the launch of 'Little India' as its new social anchor—a vibrant cultural and retail hub designed to celebrate and showcase the diversity of Indian lifestyle, cuisine, fashion, and heritage. The launch of 'Little India' is also endorsed by Mr. Amitabh Taneja, chairman & managing director, editor in chief, Images Group further strengthening the trust and value of the launch. This landmark announcement comes ahead of the Phygital Retail Convention 2025, India's largest and most influential retail industry gathering, taking place on May 7–8, 2025 at Jio World Convention Centre, Mumbai. The initiative positions Muscat Grand Mall as the gateway for Indian brands to enter the GCC (Gulf Cooperation Council) region, leveraging Oman's strategic location and growing demand for curated international retail experiences. Mr. Ali Hosni, Acting CEO/ General Manager of Muscat Grand Mall, will be addressing the gathering with a keynote at Phygital Retail Convention 2025, sighting, "Muscat Grand Mall has always been a canvas for innovation and cultural expression. With 'Little India', we are not just creating a retail space—we are creating a bridge between India and the GCC. This is an invitation for Indian brands to be part of a regional success story, backed by strong footfall, premium infrastructure, and a rising consumer base in Oman." Also speaking on the collaboration, Mr. Shriram PM Monga, Co-founder of SRED, said: "'Little India' is more than a commercial concept—it's a social ecosystem designed to serve the large Indian community in Oman and the wider Gulf. It's a unique opportunity for Indian brands to plug into a culturally aligned audience, celebrate India abroad, and grow in a region that values authenticity and diversity." "We invite all visionary Indian brands at PRC 2025 to join us in building this cultural and commercial landmark." Little India will serve as a permanent cultural anchor within Muscat Grand Mall, offering Indian brands a purpose-built platform to connect with both resident and tourist consumers in the Sultanate. Fashion labels, food concepts, home décor brands, and artisanal businesses from India will find a receptive and growing market with high engagement potential. SRED's strategic vision and regional retail expertise will guide the onboarding of Indian brands into Muscat Grand Mall, supported by tailored leasing programs, cultural programming, and integrated marketing to ensure long-term success. Indian brands and retail leaders attending Phygital Retail Convention 2025 are invited to connect with representatives from Muscat Grand Mall and SRED at the event to explore expansion opportunities.
