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2010-09-13

Stellar Search breakfast explores Indian retail industry

In a bid to discuss the scope of the Indian retail industry, Stellar Search, leading retained executive search firm which falls under the category of SME recently organized the first edition of ‘The S

In a bid to discuss the scope of the Indian retail industry, Stellar Search, leading retained executive search firm which falls under the category of SME recently organized the first edition of ‘The Stellar Power Breakfast: Retail.’

The event played an important role in highlighting greater possibility of collaboration between real estate developers and retailers with a win-win approach to attract consumers and increase spend in malls; Significant opportunities are emerging in Tier 1 and Tier 2 cities where consumers and infrastructure are changing and further stating women as an increasingly important consumer group.

The power breakfast was primarily meant to highlight the opportunities and challenges that the retail industry faces in India.  Ms. Shailja Dutt, MD, Stellar Search said, “We at Stellar are extremely optimistic about the retail industry in India over the next 5 to 10 years. This sector is among the largest growth opportunities for Indian and international players. We see organized retail driving economic growth, real estate development and consumer spending, with additional business opportunities in areas like supply chain, vendor development, etc. One of the key challenges is adequate quality people at various levels on the retail business, and we at Stellar are working closely with our clients to strengthen this facet of their business.”

The seminar was attended by some top management professionals from various leading retail companies of India, some of them being - Viney Singh, MD Max Hypermarkets; Subhinder Singh Prem – MD Reebok India; Pranay Sinha – MD Star Centre; Pankaj Renjhen—MD JLL Meghraj and Pramod Arora—Group President, PVR Cinemas.

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