{"id":77095,"date":"2024-06-20T09:36:04","date_gmt":"2024-06-20T09:36:04","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/20\/how-new-entrants-are-posing-a-challenge-to-mom-and-pop-stores-times-of-india\/"},"modified":"2024-06-20T09:36:04","modified_gmt":"2024-06-20T09:36:04","slug":"how-new-entrants-are-posing-a-challenge-to-mom-and-pop-stores-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/20\/how-new-entrants-are-posing-a-challenge-to-mom-and-pop-stores-times-of-india\/","title":{"rendered":"How new entrants are posing a challenge to mom-and-pop stores &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i1.wp.com\/static.toiimg.com\/photo\/msid-111135879,imgsize-35104.cms?fit=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"How new entrants are posing a challenge to mom-and-pop stores &#8211; Times of India\" title=\"How new entrants are posing a challenge to mom-and-pop stores &#8211; Times of India\" \/><\/div>\n<div>NEW DELHI: In the post-Covid era, traditional <!-- -->mom-and-pop stores<!-- -->, long a staple of Indian retail, are finding themselves in a fierce competition against new, tech-enabled players. Companies like Frendy, SuperK, and Kirana King are revolutionizing the retail landscape with their self-service outlets and advanced technological integrations, posing a significant threat to the established <!-- -->kirana stores<!-- -->, a report in the Economic Times said.<br \/><span class=\"strong\">The rise of new competitors<\/span><br \/>Tech-driven startups are leveraging technology to streamline operations, enhance customer experience, and optimize supply chains. These new entrants offer a modern retail experience with self-service options and efficient inventory management systems. Their ability to quickly adapt to changing market demands and consumer preferences gives them a competitive edge.<br \/><span class=\"strong\">Traditional stores fight back<\/span><br \/>Despite the challenges, traditional kirana stores are not backing down. Many are adopting digital tools and strategies to stay relevant. They are increasingly using mobile apps for order management, digital payment systems, and online delivery services to enhance customer convenience, the ET report said.<br \/><span class=\"strong\">Key industry insights<\/span><br \/>According to industry experts, the shift towards technology in retail is inevitable. However, the human touch and personalized service provided by traditional mom-and-pop stores remain their unique selling points. The challenge lies in balancing the two to create a hybrid model that leverages the strengths of both approaches.<br \/><span class=\"strong\">Voices from the industry<\/span><br \/>\u201cWe sponsor students pursuing research in areas like low power designs, machine learning-based design optimizations, pruning, and quantization for efficient chip designs,\u201d said an <!-- -->AMD India<!-- --> spokesperson. This emphasis on skilling highlights the broader trend of integrating technology across various sectors, including retail.<\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n          var s = document.createElement('script');\n          s.src=\"https:\/\/survey.survicate.com\/workspaces\/0be6ae9845d14a7c8ff08a7a00bd9b21\/web_surveys.js\";\n          s.async = true;\n          var e = document.getElementsByTagName('script')[0];\n          e.parentNode.insertBefore(s, e);\n        })(window);\n      }\n    }\n    window.TimesApps = window.TimesApps || {};\n    var TimesApps = window.TimesApps;\n    TimesApps.toiPlusEvents = function(config) {\n      var isConfigAvailable = \"toiplus_site_settings\" in f && \"isFBCampaignActive\" in f.toiplus_site_settings && \"isGoogleCampaignActive\" in f.toiplus_site_settings;\n      var isPrimeUser = window.isPrime;\n      if (isConfigAvailable && !isPrimeUser) {\n        loadGtagEvents(f.toiplus_site_settings.isGoogleCampaignActive);\n        loadFBEvents(f.toiplus_site_settings.isFBCampaignActive);\n        loadSurvicateJs(f.toiplus_site_settings.allowedSurvicateSections);\n      } else {\n        var JarvisUrl=\"https:\/\/jarvis.indiatimes.com\/v1\/feeds\/toi_plus\/site_settings\/643526e21443833f0c454615?db_env=published\";\n        window.getFromClient(JarvisUrl, function(config){\n          if (config) {\n            loadGtagEvents(config?.isGoogleCampaignActive);\n            loadFBEvents(config?.isFBCampaignActive);\n            loadSurvicateJs(config?.allowedSurvicateSections);\n          }\n        })\n      }\n    };\n  })(\n    window,\n    document,\n    'script',\n  );<\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/how-new-entrants-are-posing-a-challenge-to-mom-and-pop-stores\/articleshow\/111135604.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: In the post-Covid era, traditional mom-and-pop stores, long a staple of Indian retail, are finding themselves in a fierce competition against new, tech-enabled players. Companies like Frendy, SuperK, and Kirana King are revolutionizing the retail landscape with their self-service outlets and advanced technological integrations, posing a significant threat to the established kirana stores, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":77096,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-111135879,imgsize-35104.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[69620,289,6080,69619,26460,273,6256,69618,69621,17956,69617,6328,69616,272],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/77095"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=77095"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/77095\/revisions"}],"predecessor-version":[{"id":77097,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/77095\/revisions\/77097"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/77096"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=77095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=77095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=77095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}