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WESTSIDE STORY: THE CONSUMER IS QUEEN
Sourish Bhattacharyya (HT City)
In
India, the customer is no longer the king; shes the queen.
That was the message sent out by plain-speaking Gary Newman, buyer
for Westside, the Tata-owned chain of retail stores thats
all set to open an outlet at the Alankar cinema complex, Lajpat
Nagar, and has signed on Yuvraj Singh as its brand ambassador for
three years.
In an illuminating talk on Upper India, which is
how he describes the consuming class of 30 million that keeps brands
in business, Newman said the woman under 35 drives the organised
retail market in India. Organised retail, by the way, accounted
for 2 per cent of the Rs 1,340,962 crore that Indian consumers spent
in the year 2000-01. And the woman under 35 is changing the way
this business is being conducted.
So, whos this woman who causes Gary Newmans
eyes to light up and his heart to go aflutter, who makes him declare
that if you want to be a part of the retail revolution, drive
the business through the under-35 female? Newman is quick
with the answer: Shes a person of the world who wants
to go out and look like her sisters around the world. Shes
aware of whats happening in the world as it is happening.
Shes the changing face of India.
That explains the surging demand for westernwear,
driven by the under-35 womans desire for the global look,
and it cuts across cultural divides. Not surprisingly, 85-90 per
cent of the merchandise is common to all Westside stores. We
cannot live with the myth that we are different from the rest of
the world, Newman said. People in Chennai want to wear
exactly the same clothes as people in Delhi. The common market,
in fact, cuts across geographical divide as well, which is why you
see garments made in India for the Indian market trotting
around Oxford Street. Even two years ago, that wouldve
been impossible, for India went to Oxford Street to shop.
The organised retail business may be minuscule,
but thats precisely what makes it a big opportunity. As Sanjay
Shroff, the promoter of Bangalores upscale designer wear store,
Ffolio, put it: Theres a huge opportunity out there
for all kinds of retailers. They can easily hope for an internal
rate of return of 25 per cent and more.
Parallel to growing opportunities, theres
also been a revolution of rising expectations, which has made consumers
extremely demanding. In the business since 1991, Shroff recalls
how in those early years, we took whatever the designers gave
on consignment and the customers bought whatever was being offered
to them. Today, the customer drives what a store like Ffolio
sells.
The moral of the story for designers? We
cannot continue to be in the business with a take it or leave it
attitude because bottomlines are as important as hemlines. We cant
afford to have ego in this business; consumers can, declared
Shroff. To this, Newman added: Designers must look at the
real world. They cant afford to go on ego trips. They cant
have people seeing their clothes and sucking in their breath in
amazement, but not buying. Sounds familiar? Well, thats
advice being offered for free by speaker after speaker, but except
for Bobby Grover, there was no designer around to benefit from it.
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