On October 11, 2007, Retail Asia Pacific Top 500 awards joined hands to salute and celebrate with the 2007 star retailers from 14 countries and 10 categories in the Asia-Pacific region.
Titan Industries was ranked 299th out of 500 retail companies across 14 countries and was awarded the bronze medal. Also among the Top 500 were LG and Pantaloon. Priya Mathilakath, manager, retail training received the award on behalf of the company.
Retail Asia Pacific Top 500 ranking for 2007 is the fourth in the series of what has become highly regarded and anticipated annual ranking of retail enterprises in the region.
The Top 500 this year has again provided a definitive ranking of the Asia Pacific’s top retailers across 14 key economies and across 10 major retail formats or categories. The ranking continues to be based on sales revenue and to provide the very vital index of sales productivity per unit area. This year there has been a significant improvement to the layout format, they introduced ‘Outlet type’ and the ‘Fascia / brand’ to precede the name of the ‘retailing company’. This quickly defines which particular business unit of the retail company is being ranked at a given spot. This is intended to remove some ambiguity arising from reading the name of the company first — the ambiguity arising from the fact that numerous retail companies have appeared in multiple spots on account that they operate across geographies and across retail categories.
Mission of Top 500 is to remain solidly more than just a ranking of the who's who in the industry. Ranking today has already become a useful body of organised information. It will eventually be a database of business intelligence and valuable information and insights into the experiences, lessons and drivers of successful Asia Pacific retailing.
Not surprisingly, retail companies operating in India who made it into the Top 500 ranking propelled the country ahead of other Asia-Pacific economies in US dollar growth terms. The total retail sales achieved by the top 17 retailers in India posted growth in excess of 31 per cent over 2005.