Sri Lanka Retailers Association (SLRA) will organize Sri Lanka’s premier Retail Forum 2019 on the 27th and 28th November 2019 at the Cinnamon Grand Colombo. Conducting this event successfully for the fourth consecutive year, this year the SLRA intends revolutionizing the retail industry to be futureproof, ready to take on consumers of tomorrow through the theme ‘The Retail Revolution’.
SLRA was formally established with the intention being the apex body for organized retailing in the country with an ambitious vision of achieving ‘Retail Excellence’ by being the ‘voice of the Retail industry in Sri Lanka’. Currently, the Association represents over 42 leading corporates including members from diverse retail sectors such as FMCG, Clothing, Fashion & Jewellery, Household & Consumer Durables, Footwear & Accessories, E-Commerce, Entertainment & QSR and Healthcare & Wellness.
“It is said that the year 2019 and beyond is poised to be a transformational period for the global retail sector, with technology changing the rules of engagement, while consumers are more informed and therefore more demanding than ever,” stated Murali Prakash Vice President of the SLRA and Chairman of the Organizing Committee of Sri Lanka Retail Forum 2019.
“With the current macro-economic factors affecting the local retail industry, this year’s forum intends rebuilding the confidence and boosting the morale of our local retailers. While equipping them with both local and global insights, the Retail Forum, will encourage them to adapt to revolutionary advancements which we believe will pose an opportunity for them to increase performance, thereby resulting a sustainable growth for the entire retail industry as a whole,” Prakash concluded.
Sri Lanka’s Retail sector accounts for approx. 34% of the country’s’ GDP, 14% of employment and over 250 Mn. Footfall per annum, thus contributing positively towards the National Economy of the country. In the years 2016 and 2017 consequently, Sri Lanka was ranked 12th in the Global Retail Development Index (GDRI) among 30 Countries for Potential in Retail Investment and growth. The 2019 Retail Forum which spans over a period of two knowledge engrossing days, promises to be bigger and better with industry veterans from across the world and Sri Lanka promising to share their experiences.
The highlight of this year’s event is that there will be a representation from The Federation of Asia Pacific Retailers Association (FAPRA) at the forum this year, as SLRA was recently appointed as its 20th member
This forum is ideal for those currently in or aspiring to join the retail industry, keen on shaping skills, identifying new trends and innovations in the industry.
The Sri Lanka Retailers’ Association (SLRA) established in 2015.
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