Dubai-based retail group Lifestyle International has elevated Kabir Lumba to the chairman of its board of administrators. Lumba is taking up from Ramanathan Hariharan, who can be retiring from his place in March 2021. Lumba can be assuming his new position on 1st of April 2021. Lumba had led the Way of life House Centre companies in India for over 14 years earlier than taking up the position of CEO, Max Center East in 2018 and subsequently the CEO of Landmark Group.
Throughout this time, he has pushed constant progress, shaped alliances with world famend manufacturers, and nurtured a personal label programme for the corporate’s three retail codecs, which accounts for greater than 30 per cent of the organisation’s gross sales at this time.
Beneath his tenure, Way of life — considered one of India’s most revered retail manufacturers — has received quite a few awards and accolades together with ‘Greatest Division Retailer’ on the IMAGES Retail Awards for 4 successive years, and recognition as Greatest Firm to Work for in Retail Business – 2014 by Nice Place to Work Institute.
Whereas he was the retail organisation’s Managing Director, Lumba had overseen Way of life’s geographical progress throughout India, which now stands at 45 cities. As well as, below his management, Way of life Worldwide grew past a division retailer retailer and now includes a house merchandise format — House Centre, and a price style chain — Max.
In reality, Lumba counts making Way of life and House Centre extremely revered manufacturers in India amongst prospects and associates alike, amongst his key skilled accomplishments.
“Retail as a enterprise is closest to the patron. It supplies a singular alternative to keenly observe them and achieve key insights firsthand,” he says. “Utilizing these insights to repeatedly improve the procuring expertise for shoppers by way of fixed innovation is an especially satisfying and fulfilling expertise.”
Admitting that retailing isn’t the simplest of companies to function efficiently in, Lumba says the largest skilled challenges he faces embody managing varied environmental elements that aren’t in a single’s management. “Unexpected delays in mall developments and the dearth of correct infrastructure act as impediments to quick monitor progress,” he notes.
Believing that challenges however, retailers in India have miles to go in actualising the potential that exists on this market. “To attain full potential, Indian retailers should be continually alert and keen to evolve together with the ever-changing calls for and wish of the Indian shoppers. It is a advanced and dynamic market however gives large long run alternatives for these keen to be affected person,” he factors out.
Affected person enlargement has been the signature technique of Way of life Worldwide over the previous decade, echoing Lumba’s counsel, however the firm’s high line progress is ready to exhibit acceleration now, with the opening of 6-8 Way of life shops yearly for the following 2-3 years.
Based in 1973 in Bahrain, the Landmark Group is among the largest retail teams within the Center East. Landmark presently operates over 2,200 retailers spanning over 30 million sq. ft throughout the Center East, North Africa and the Indian sub-continent.
Landmark entered India in 1999 and presently operates codecs together with Way of life malls chain, House Centre and Max within the nation.