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Tanishq only Indian brand on Interbrand’s Best Retail Brands APAC list

Interbrand releases 2014 Best Retail Brands Report. Ranked No. 13, this is the first time an Indian brand has made it to the list

BestMediaInfo Bureau | Mumbai | April 9, 2014

IDF

Tanishq, from the Tata Group stable, is the only Indian brand that has made it to the list of top 30 Best Retail Brands in Asia Pacific and stands at #13 with a brand value of $670 million. This is the first time an Indian brand has made it to the Best Retail Brands Report.

Asia’s consumer markets remain highly fragmented, both as a whole and within individual markets. Genuine liberalisation is patchy at best, with traditional and local retailing dominating in many markets. At one extreme, there are highly concentrate markets such as Singapore, where FairPrice commands over 50 per cent market share in the grocery category; at the other end, there are markets such as India where modern retail brands remain dwarfed by traditional local retailers.

Key findings across geographies point to major retailers looking beyond their core business models in pursuit of gaining a competitive advantage, online innovation bridging the divide between in-store and online shopping, and a strategic understanding and leveraging of sales data in meeting customer needs and desires better and faster than ever before.

The global Best Retail Brands report ranks the top 50 North American and European retail brands by brand value, as well as the top 30 retail brands from across Latin America and the Asia-Pacific. The report is produced in collaboration with Interbrand Design Forum, the retail experience group within Interbrand.

Commenting on the report, Dirk Defenbaugh, Managing Director of Interbrand Design Forum, said, “The world’s best retail brands understand the complex and challenging relationships between analog and digital and have been quick to address changing shopper behaviors. By integrating the physical and virtual, making purchasing easier, enhancing service, and using storytelling, these leading brands are reimagining their offers, and creating unique experiences for consumers that convert browsers into buyers.”

Ashish Mishra Ashish Mishra

Commenting on India’s performance, Ashish Mishra, Managing Director, Interbrand India, said, “It is indeed heartening to see an Indian brand figure in the Best Retail Brands league table. The retail space in India is experiencing simultaneous transformational influences both from the supply and demand sides. Political swings, newer business models, supply chain efficiencies, online innovations, and at the root of it all – complex new customer journeys. The resulting flux is both exciting as well as challenging. We need to adapt but without losing our core cultural resources. Tanishq has in some ways done that.”

CK Venkataraman, CEO, Jewellery, Titan Industries, said, “It is a proud and humbling moment for us to make it to the Interbrand APAC list of Retails Brands 2014. We would like to dedicate this achievement to the passionate and tireless efforts of the large Tanishq team across the country and our wonderful customers who have helped us achieve all that we did.”

Visit BestRetailBrands.com to download the complete report

Best Retail Brands – Asia Pacific 2014:

Woolworths Australia 4,948
Uniqlo Japan 4,160
Coles Australia 4,061
Lotte Department Store Korea 1,840
Chow Tai Fook China 1,834
FairPrice Singapore 1,519
Lawson Japan 1,313
Bunnings Warehouse Australia 1,169
SM Philippines 1,041
Matahari Indonesia 963
Parkson Malaysia 801
FamilyMart Japan 755
Tanishq India 670
Big C Thailand 653
Muji Japan 630
Harvey Norman Australia 620
E-mart Korea 613
Hyundai Department Store Korea 601
Myer Australia 584
Big W Australia 579
Kmart Australia 555
Suning China 511
Target Australia 511
David Jones Australia 426
Nitori Japan 403
Belle China 402
JB Hi-Fi Australia 378
ABC-Mart Japan 350
Himart Korea 348
Hyundai Home Shopping Korea 334
*All figures in USD Million

Info@BestMediaInfo.com

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