IMAGES Retail Awards 2017 Honour Excellence in Retail
The 14th Annual
IMAGES Retail Awards powered by Vegas Mall, celebrated some of
India’s most outstanding achievements in retail on September 20, 2017. With a roundup of over 150 nominations, 30 very stylish trophies in 21 categories were awarded to India’s most successful retailers who fueled growth and innovation across multiple categories in FY 201617. Retail expansion was measured through growth numbers as well as percentage increase in number of outlets and retail space.
The annual IMAGES Retail Awards (IRA), India’s most prestigious honour for excellence in retailing, are admired for their credible, transparent evaluation and recognition of retail performance and are considered as a premier benchmark for retail excellence in India.
The ceremony honoured the achievements of India’s leading retailers with some high voltage entertainment. The gala evening was hosted by Perizaad Zorabian and Anish Trivedi. A stunning performance by singers and fusion dancers set off the evening’s proceedings in exquisitely melodious style.
Nomination & Jury Process: Images Retail Awards 2017
IRA nomination categories and entry details are announced through the IRF website, Magazine ads, a personalized electronic campaign and tele-calling to prospective nominees in all proposed categories. The prelim jury identified best performers among retailers. Prospective nominees submitted their nominations which were checked by the IRA audit team for eligibility, completeness and data correctness.
IRA team of analysts then made a presentation for the IRA jury - with analysis of performance metrics such as YOY growth in top line sales and retail presence, sales per square foot, same store sales etc. A special note was prepared on effective technology application, marketing effectiveness, supplier relations and employee practices.
The jury comprised of distinguished personalities in the field of research and analysis with thorough insights in to the retail business.
The jury went through the presentation of the nominees and gave scores based on analysis of the nominee’s performance during the assessment period. Results of Industry Recommendation and Jury Score ultimately decided the final Nominees. The entire process was approved by knowledge partner PWC.
The coveted IRA trophies went to the best among the top performers in 21 Categories of Retail Awards this year.
This year there has been almost 3 times more response to the nominations for Images Retail Awards. In all over 300+ nominations were confirmed and 167 shortlisted for prelim jury deliberations.
IRA announced special Jury awards this year for great concepts, ideas and innovation across retail operations.
‘How A Great Concept Was Executed to Perfection!’ - this is what retailers were expected to present in their nomination with details on the idea, its execution strategy, implementation stages and its results.
Nominations came in from some of the best global and Indian retailers operating in India with details on their unique idea, strategy or innovation enhancing or differentiating merchandise/ service mix and/or in-store presentation or promotion - unveiled between April
2016 and March 2017 – with details on its execution and results in terms of creating differentiation, customer or multi stakeholder engagement, increased sales/ consumption with positive feedback/ coverage/ and recognition.
With 67 confirmations, it was a tedious task to go through each nomination, identify gaps, get corrections/ validations done.
Finally, the jury deliberated on 34 nominations and selected 10 best ideas for presentation to a high-profile jury at the IRF Grand Finale. A 3-minute crisp video presentation by each followed by Q&A with jury and audience.
The best presented ideas won the most coveted title of this year’s Images Retail Awards.
Check ahead for complete details on jury members.