Indian Retail Brands Embrace Omni-Channel Strategies to Boost Consumer Experiences


    Share post:

    The COVID-19 pandemic transformed e-commerce into a primary shopping method for Indians. Initially driven by deep discounts, e-commerce’s appeal has endured even as these offers faded. By 2023, e-commerce comprised 7.1% of India’s total retail market, up from 4.7% in 2019, and is expected to reach nearly 10% by mid-2024.

    Omni-Channel Retailing: A Game-Changer

    Previously an optional strategy, omni-channel retailing has become essential. It aims to provide a seamless shopping experience across all channels, including physical stores, mobile apps, and online platforms. Although it first emerged in global markets like the United States, Canada, Europe, and China in 2010, India adopted it around 2017 with brands like Levi’s, United Colors of Benetton, and USPA leading the way in cities such as Delhi, Mumbai, and Bengaluru.

    Some Key Statistics

    Various data points highlight the importance of omni-channel strategies:

    • According to Kantar IMRB, over 70% of Indian consumers research online before making offline purchases.
    • PWC India reports that over 40% of consumers prefer a blend of online and offline shopping channels.
    • A Harvard Business Review study shows that seamless omni-channel experiences can boost customer lifetime value by 20-25%.

    Indian Success Stories

    Some of the leading brands today exemplify the benefits of omni-channel retailing:

    • Lenskart: Achieved a 70% conversion rate by combining online product discovery with offline try-ons and purchases.
    • Fabindia: Enhanced convenience by integrating online and offline inventories for customer-driven fulfillment.
    • Nykaa: Created a cohesive brand experience through beauty advisors in physical stores, personalized online recommendations, and click-and-collect options.

    Expanding Offline Presence

    In 2023, there was a 60% increase in direct-to-consumer (D2C) brands expanding into offline spaces across major retail markets, up from 9 to 11 cities. Brands are making stores more experiential, with a 59% increase in average store size from 730 sq. ft. in 2022 to 1,160 sq. ft. in 2023.

    The Importance of Physical Stores

    Despite the rise of e-commerce, physical stores remain crucial for building trust and enhancing brand image, especially for premium products. Pop-up stores and experiential centers play a vital role in engaging consumers and generating excitement.

    The Omni-Channel Imperative

    Harmonizing online and offline channels is key to meeting modern consumer expectations. Here are some essential strategies:

    • Ensure seamless inventory visibility across channels.
    • Implement click-and-collect, buy online return in store (BORIS), and other omnichannel fulfillment options.
    • Train staff to be omnichannel champions, guiding customers seamlessly.
    • Leverage data to personalize the experience across channels.

    Adopting omni-channel retailing allows brands to meet the demands of today’s Indian consumers, offering convenience, diversity, and connectivity. This comprehensive approach positions brands to maximize their potential in the dynamic Indian retail market.                                                                         

    Related Posts

    Latest posts

    Indian Real Estate Deals Saw ‘Eight-fold Increase’ In April-June 2024

    In a remarkable upswing, the Indian real estate market recorded deals rose massively, reaching worth $1.56 billion, during...

    Luxury Housing Sales Continue To Soar: CBRE

    Sales in luxury housing market in India surged nearly 27 percent compared to the same period last year,...

    ASK Property Fund Invests Rs 190 Crore In Kalpataru’s Mumbai Project

    ASK Property Fund, the private equity arm of Blackstone-backed ASK Asset & Wealth Management Group, has invested Rs...

    COWRKS Expands Footprints In India With New Centres In Mumbai, Bengaluru

    COWRKS, a leading provider of premium workspaces announced its expansion with the opening of new centres in Mumbai...