Select CityWalk to overhaul retail portfolio with more than a dozen brands
The 14th edition of the India Retail Forum 2017, held on 19th and 20th September 2017, in Mumbai culminated into what can only be called Indian retail’s biggest night – the IMAGES Retail Awards 2017 (IRA) powered by Vegas Mall. Vegas Mall is one of India’
Select CityWalk India’s most recognised and felicitated shopping centre, is on an retail expansion drive by introducing over a dozen new brands
The 14th edition of the India Retail Forum (IRF) 2017 powered by MAPIC, held on 19th and 20th September 2017, in Mumbai culminated into what can only be called Indian retail’s biggest night – the IMAGES Retail Awards 2017 (IRA) powered by Vegas Mall. The ceremony, recognised excellence in the business through over 20 honours for retailers and professionals across categories. Retail expansion was measured through growth numbers as well as percentage increase in number of outlets and retail space. For over a decade now, IRA has been recognising and honouring Indian retail organisations and professionals for their forward-thinking and innovative work in the field of retail. This year too, IRA felicitated some India’s most innovative and fastest growing retail chains and concepts across all major consumption verticals including fashion & lifestyle, food & grocery, foodservice, entertainment, beauty & wellness, home improvement and more through 21 award categories.
A stunning performance by the fusion dancers and singers set off the evening’s proceedings in exquisitely melodious style. The gala evening was hosted by Perizaad Zorabian and Anish Trivedi.
Nomination & Jury Process: Images Retail Awards 2017
IRA nomination categories and entry details are announced through the IRF website, Magazine ads, a personalised electronic campaign and tele-calling to prospective nominees in all proposed categories. The prelim jury identifies best performers among retailers - Prominent shopping centers & retail support professionals are invited to recommend best performing retailers in key retail verticals/formats. Prospective nominees submitted their nominations which were checked by the IRA audit team for eligibility, completeness and data correctness.
IRA team of analysts then makes a presentation for the IRA jury - with analysis of performance metrics such as growth in top line sales and retail presence, sales per square foot, average transaction values. A special note is 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 goes through the presentation of the nominees and gives scores based on analysis of the nominee’s performance during the assessment period. Results of Industry Recommendation and Jury Score ultimately decides the final Nominees. The votes of the jury as indicated in the score sheets will be captured for independent tabulation by knowledge partner PWC.
The coveted IRA trophies go 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.