Tag: Aditya Birla Retail

  • Max Fashion promotes insider as CEO

    Max Fashion promotes insider as CEO

    MUMBAI: Retail empires are not built by the faint-hearted. Sumit Chandna, freshly installed as chief executive of Max Fashion, knows this better than most. The 25-year veteran, promoted from deputy chief executive at Lifestyle International, has spent a career extracting profits from India’s cutthroat retail trenches.

    His record is formidable. At every stop—Shoppers Stop, Hypercity, Aditya Birla Retail, Bata India and Landmark Group—Chandna has delivered the same brutal formula: fatter margins, leaner costs, higher sales. It is a skill honed across hypermarkets, department stores and specialist retail, from high fashion to groceries.

    A graduate of the National Institute of Fashion Technology in Delhi, Chandna earned his stripes at Shoppers Stop, where he launched India’s first designer co-brand, Kasba, with Raghavendra Rathore. At Hypercity, he built merchandising systems from scratch and delivered results 70 per cent above plan with margins six percentage points higher than target. During an 11-year stint at Aditya Birla Retail, he rose to chief merchandising officer, pushing promotional sales from eight per cent to 23 per cent in four months and launching profitable private-label lines.

    Three years at Bata India saw him juggle retail operations and merchandising before Landmark Group poached him in 2022 to run Max as deputy chief executive. Now he has the corner office.

    Chandna is also a certified executive coach who has recruited talent from top business schools across India and Asia, lectured at management campuses and attended leadership programmes at Harvard and IMD in Lausanne. He won the Aditya Birla Group chairman’s award for exceptional contribution—no small feat in a conglomerate that size.

    His mandate at Max is simple: keep the juggernaut rolling. In announcing his promotion, Chandna promised to lead the brand into its “next phase of growth, innovation, and impact”. Strip away the corporate speak, and it means the same thing it always has: sell more, spend less, make more.

  • CII to organise retail summit in Mumbai next month

    CII to organise retail summit in Mumbai next month

    MUMBAI: The CII National Retail Summit 2011 is scheduled to be held on 2 February in Mumbai.

    This summit will serve as a springboard for ideas and allow leaders and practitioners in the sector to learn from each other to drive growth that is both inclusive and profitable at the same time. The Summit shall have keynotes, panel debates and analysis by personalities from India and abroad.
     
    Topics that will be discussed are Importance of Inclusion and the Role of Organised Retail; FDI in Retail: A Key Enabler for Retail to reach its full Potential; Driving Traffic, Conversion and Basket through Merchandising and Pricing; Achieving Profitability through Best Sourcing.

    There will also be a CEOs Power Session – FMCG and Retail.

    The speakers include Aditya Birla Retail CEO Thomas Varghese, Tata Chemicals COO Consumer Products Division Ashwini Hiran, Shoppers Stop vice chairman BS Nagesh, McKinsey partner Ireena Vittal, Future Group CEO and member executive board Raghu Pillai, Metro Cash and Carry India MD Rajeev Bakshi, ITC business head – retail Seshu Kumar and The Boston Consulting Group partner and director Abheek Singhi.
     
    One sesion looks at FDI in Retail: A Key Enabler for Retail to reach its full Potential

    Retail is an investment hungry sector where growth will be fuelled by an expansion of footprint and building of a more robust infrastructure to support this footprint. It is also a sector where several innovations from around the world can be adapted and executed to increase productivity. FDI can play a crucial role in providing the Indian retail sector with both the investment and access to know-how.

    The regulations restricting FDI in multi-brand retail have been under heavy discussion in the recent past. This panel will discuss different sides of the argument of this very contemporary. 
     
    Another session will look at Driving Traffic, Conversion and Basket through Merchandising and Pricing. A key factor in the success in organised retail is the ability to expand revenues by increasing traffic, conversion and basket-size. Other than location, merchandising and pricing are two fundamental levers available to a retailer to influence each of these factors.

    This session will provide the audience an opportunity to hear from the experts on the processes and techniques involved in achieving these goals. The panelists will share best practices on various tools available to retailers as a part of merchandising and pricing, and illustrate it with stories from their experiences.