Footwear Retailer Bata Is 'Very Bullish' on India: CEO

The transcript discusses the impact of the lockdown on markets, focusing on consumer behavior and supply chain challenges. It highlights the company's strategies to adapt to changing consumer habits, maintain supply chain resilience, and capitalize on fashion trends. The company is well-positioned in India and Pakistan, with plans to expand further. The emphasis is on agility, consumer focus, and maintaining a robust market presence.

What are the two main challenges faced by the retail industry during the pandemic?

• Increased consumer spending and supply chain stability

• Lockdowns and changes in consumer habits

• Expansion of physical stores and decreased online presence

• Higher demand for luxury goods and reduced online shopping

How does the company plan to adapt to changing consumer shopping behaviors?

• By focusing solely on offline retail

• By offering products both online and offline

• By reducing product variety

• By increasing prices across all products

What strategy does the company use to manage supply chain disruptions?

• Increasing dependency on external suppliers

• Reducing the number of factories

• Diversifying sourcing across multiple countries

• Relying on a single country for sourcing

What fashion trend has been accelerated by the pandemic?

• Luxury fashion

• Casualization

• Traditional attire

• Formal wear

How is the company ensuring its brand remains relevant in India and Pakistan?

• By closing stores in these regions

• By focusing on luxury products

• By modernizing shopping experiences and product offerings

• By reducing marketing efforts

What is the company's approach to expansion in India post-pandemic?

• Delaying expansion indefinitely

• Focusing only on physical stores

• Resuming expansion with a flexible strategy

• Reducing presence in online markets

What is a key factor in maintaining consumer relevance according to the company?

• Providing relevant products through a mix of art and science

• Focusing only on high-end markets

• Ignoring consumer feedback

• Offering outdated products