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Key Note Address Bijou Kurien

KRS 2014 keynote address Bijou Kurien

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KRS 2014: Keynote address Bijou Kurien

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Page 1: KRS 2014 keynote address Bijou Kurien

Key Note AddressBijou Kurien

Page 2: KRS 2014 keynote address Bijou Kurien

Key Note Address – Kongu Retail Summit 2014

• South India is incredibly diverse – be it language, culture, food or clothing.

• Southern states are more literate and have higher levels of per capita income.

• The four southern states have 25% of the country’s population, but 30% of its retail turnover.

• The South is the home of organized retail – and has built vibrant brands ranging back to the 1940’s.

Bijou Kurien

The South is where modern Retail was born

Page 3: KRS 2014 keynote address Bijou Kurien

Key Note Address – Kongu Retail Summit 2014

• Entrepreneurs in the South are not risk averse – contrary to popular stereotype.

• Once they have found a robust business model, they are willing to scale – for example – textile, apparel, jewelry retailers have built large (>50,000 sq. feet) single category showrooms, and have invested in marketing, technology and people.

• South India has built strong vibrant brands. • Malls recognize that they need local and regional

Southern brands as much as they need their national counterparts.

Bijou Kurien

Brands built in the South are consistent when they go national – whether its Nallis in Ahmedabad or Kalyan Jewellers in Delhi.

Page 4: KRS 2014 keynote address Bijou Kurien

Key Note Address – Kongu Retail Summit 2014

• The South has several retail “firsts” to its credit – the first electronics chain (VGP / Viveks) , largest jewelry chain, Large international sari brands (Nallis)

• Time for other South based brands to think and plan national.

• The South is the home of retail capabilities in India.• Has created the modern retail movement in this

country.• Has the wherewithal to accommodate new channels,

new customers and the aspirations of the next generation of family entrepreneurs.

Bijou Kurien

The South is where modern Retail was born

Page 5: KRS 2014 keynote address Bijou Kurien

Key Note AddressBijou Kurien