SHOPX has announced that B.S. Nagesh, Founder of the Trust for Retailers and Retail Associates of India (TRRAIN) has joined the SHOPX advisory panel, effective May 1, 2017. B.S. Nagesh is one of the pioneers of the modern retail format in India with more than 35 years of experience in the consumer and retail sector. As an advisor to SHOPX, he will guide the leadership team in understanding the dynamics of general trade and modern trade ecosystem to improve the earnings and profitability of SHOPX retail partners. He brings deep experience in building retailer businesses and understanding the needs and challenges of retail employees and entrepreneurs.
B.S. Nagesh is the Founder of TRRAIN and Non-Executive Vice-Chairman of Shoppers Stop. He joined the K. Raheja Corp. Group as its General Manager in 1991. He was responsible for setting up the retail arm of Shoppers Stop. He subsequently took over as the Managing Director and CEO of Shoppers Stop (1997–2009) and has been bestowed with innumerable awards and accolades during his tenure.
He is the first Asian retailer and the only Indian retailer to be inducted into the World Retail Hall of Fame at the World Retail Congress conducted in Barcelona in 2008. He has been recognized as an iconic retailer and awarded with the 'Most Admired Apparel Retail Professional of the Year' title at the inaugural ‘Images Fashion Awards 2000’ as well as the 'Top CEO Award 2001’ title instituted by the Institute of Marketing Management. The Economic Times nominated B.S. Nagesh as one of the Top 33 Indians driving philanthropic initiatives in India.
In 2016, SHOPX celebrated ‘Retail Employees’ Day’ by sponsoring nine scholarships in association with TRRAIN for retail partners to support children’s education.
Commenting on this new development, Amit Sharma, CEO of SHOPX, said, “We are delighted to welcome on board Mr. B. S. Nagesh, an industry stalwart, at a time when we are planning and executing the next level of growth for the company. He brings immense expertise in modern retail and in scaling up an organization through rapid growth. With his deep understanding of the retail ecosystem, Mr. Nagesh will play a pivotal role in SHOPX by adding significant value to our growth and strengthening our business capabilities. More importantly, he will help us to be even more focused on the needs of our retail partners.”
Adding to this, B.S. Nagesh said, “I am excited to be associated with one of the most dynamic start-ups that has disrupted India’s retail ecosystem. Retailers in Tier II and Tier III towns in India have contributed immensely in strengthening the economy. While e-commerce is picking up, a large portion of consumers remains untapped. This gap is being fulfilled by small retailers. SHOPX’s digital offline model enhances the shopping experience for consumers in Tier II and III towns of India. The small retailers can use technology to benefit their businesses and at the same time give their customers access to a wide range of products across categories. On the other hand, various brands across categories have been able to rapidly expand their outreach. I am really looking forward to collaborate with SHOPX and be a part of their journey to enhance the lives of consumers and retail partners.”