The Indian retail sector is witnessing tremendous growth with the changing demographics and an improvement in the quality of life of urban people. The growing affluence of India's consuming class, the emergence of retail entrepreneurs and a variety of imported products particularly in the food and grocery segment, has been one of the main drivers for the current retail boom in the domestic market.
Retailing, one of the largest sectors in the global economy, it is going through a transition phase in India. For a long time, the corner grocery store was the only choice available to the consumer, especially in the urban areas. This is slowly giving way to international formats of retailing. The traditional food and grocery segment has seen the emergence of supermarkets/grocery chains, convenience stores and fast-food chains.
The traditional grocers, by introducing self-service formats as well as value-added services such as credit and home delivery, have tried to redefine themselves. However, the boom in retailing has been confined primarily to the urban markets in the country. Even there, large chunks are yet to feel the impact of organized retailing. There are two primary reasons for this. First, the modern retailer is yet to feel the saturation' effect in the urban market and has, therefore, probably not looked at the other markets as seriously. Second, the modern retailing trend, despite its cost-effectiveness, has come to be identified with lifestyles.
[...] In the next couple of years, India will see at least two Indian retail businesses attaining the magic figure of Rs 1,000 crore ($218 million) in sales. Several others are expected to attain a critical mass as growth in the industry picks up momentum. This will be driven by two key factors: Availability of quality real estate and mall management practices Consumer preference for shopping in new environs A whiff of things to come The $ 18.3 billion Chicago-based Sara Lee Corporation is making a foray into the apparel market. [...]
[...] There is one difference, however, a category manager in retail manager several categories, since the numbers of categories are larger in number, whereas most brand managers are responsible for a single brand. B Business models 1. Single outlet Single Location Inventory Control S1 S1 S1 Sn Imports Cash sale Local purchase Credit sales Inter state purchase Credit card sale Supplier C Customer C1 C1 C1 Cn Major Indian retail business model & retail space occupied by most pf them is less than 500 Sq. [...]
[...] Of Respondents % Analysis & Inference As the retail growth in the stand alone retail rapidly started in the year 2003 from their on these retailers used I.T. tools majorly for billing but today the trend is changing they are making reports, they do different kind of analysis using the data like margin of safety, etc this particular change has boomed the retail (stand-alone) especially in the food segment. Graph Graph showing from how long the respondents started using I.T. [...]
[...] At this rate, the retail sector will grow at a blistering pace that many of the western nations witnessed just a few years ago Source: 4Ps Business & Marketing Magazine The charts below shows the transformation in the Indian retail sector and helps us understand the movement of the retail industry over the last four to five decades. Chart 1. Evolution of Indian Retail Historical/ Traditional/ Government Modern Formats/ Rural reach Pervasive Reach Support International ] Source of Neighborhood/ Availability/ Shopping experience/ Entertainment Stores/ Convenience Low Cost/ Efficiency Distribution 2.2 Current size of organized retail. [...]
[...] The objective of this research was to find the transformation in retail industry with respect to information technology for their operating efficiency”. These tables and graphs would give you the insights to the research done their outcome and inferences Table Table showing the kind of organization stand-alone or chain stores No. Particulars No. Of Respondents % Analysis & Inference From the above table it clearly indicates that the research was basically done to concentrate more on the stand-alone retailers and a few chain stores for the comparison between them, therefore 83% of the respondents were from the stand alone shops and only 17% of the respondents belonged to chain stores for analysis purpose. [...]
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