A Project on Store Operation of Big Bazaar

Throughout my research I found on the Statistics Canada website that in 2016 retail rose significantly about 0.6 percent. This was due to the new motor vehicle and parts dealers (Retail trade, 2016).

Retail industry sector encompasses companies and individuals that are engaged in selling products to consumers. As the biggest economy in the world, retail industry in the U.S. is one of the biggest industries in the world with total sales of nearly $5 trillion in 2016 as per www.census.gov. National retail foundation’s report mentions retail industry as the largest private sector employer in the United states with about 15 million people working in the industry. Retail industry in the united states comprises brick and mortar stores and a growing e-commerce sector.

In the United States, their are about 1 million outlets (stores), and numerous amounts of online retailers that sell items to the public. The demand in this industry is primarily driven by spending and interest rates. Due to this fact economic health affects consumer confidence and spending. But overall there has been a consistent trend of sales in the sector as a whole. Overall in the United States, the industry has a combined revenue of about five trillion dollars. Revenue (in current trading dollars) for retail trade in the US is to forecasted to grow an annual compounded rate of five percent between 2015 and 2019. In addition, total United States retail sales increased 2.1 percent in the first ten months of 2015 compared to the same period in 2014.

The retail industry is a sector of the economy that is comprised of individuals and companies

The retail industry has always been a large portion of the U.S. economy. In 2012, the industry had nearly one million stores and accounted for four trillion dollars in revenue. An estimated two-thirds of the U.S. GDP

As we all know, the retail industry is very crucial and is highly competitive. As this company

“Though stubbornly high unemployment and continued uncertainty over the prospects for job growth will continue to dampen the outlook for industry retail sales growth in 2012, the retail industry will still grow at a rate faster than many other industries. This year, retail industry sales will rise 3.4 percent to $2.53 trillion*, according to the National Retail Federation – slightly lower than the pace of 2011, in which sales grew 4.7 percent. Many economists estimate that real U.S. GDP will rise approximately 2.1 to 2.4 percent. Over the last 18 months, retailers have been on the forefront of the economic recovery – creating jobs, encouraging consumer spending, and investing in America,” said NRF President and CEO Matthew Shay.

Today, the most important commercial activity is considered retailing, as the retail stores provide the consumers with various products and services. There are many fields in the retail industry such as franchise stores, supermarkets, specialty stores, variety stores, online merchants, and supermarkets. By having many types of merchants, the retail industry thus helps the customers to freely choose the sellers, or stores, and enjoy buying products at the selected stores. As various merchants sell almost all types of physical goods ranging from food, books, beauty aids, toys, automobile parts, clothing, and shoes, the total retail sales in 2013 were around $5 trillion, according to the U.S. Commerce Department. The total retail sales in 2013

Retail is the second-largest business in the United States both in number of establishments and number of workers. The U.S. retail industry spawns $3.9 trillion in retail sales yearly ($4.2 trillion if food service sales are incorporated), around $11,995 per capita. The retail sector is in addition one of the largest internationally.

The retail sector incorporates businesses that sell goods and services to consumers. Over the past couple of years, there have been changes to the industry which has provided favorable returns to some companies but adversely affected the bottom line of others. The retail industry was originally a made-to-order market which would require excessive need of brick and mortar operations. Due to technological advances, the industry has shifted towards a made to stock strategy in order to keep up with consumer demand. In addition, the consumers today prefer to browse through a catalog or through the internet in order to make spending decisions and then wait for the item to be shipped.

Answer: According to the case study what actually gives Aldi and edge over its competitors like Woolworths and Coles is their discounted pricing. As written in the article that a dozen of eggs costs around 4 dollars in Aldi stores whereas it costs around 5 dollars at Coles and close to 6 dollars at Woolworths. Also for Aldi, operating readily involves reducing costs in all niches of the business.

•  India's $250 billion retail business is the eighth largest in the world and has the potential to grow 7 per cent by 2011. [McKinsey Report] For a company already dominating the world markets, this is an un-passable opportunity.

Retailing has become such an intrinsic part of our everyday lives that it is often taken for granted. The nations that have enjoyed the greatest economic and social progress

Retailing has been an important industry in any country. History would indicate that its form has changed with time as competition was no more a local phenomenon. Retailers started moving from being “neighbourhood stores” to expand their horizons nationally as well as internationally. Technology brought revolution in the retail industry with the advent of internet. Online retailers today have become a common part of everyone’s life. Mobile commerce too has started growing with the innovation of “App Stores” brought by Google and Apple. In this face of retailing, competitors have pushed themselves to gain more market share by trying

Before the entry of organized retail sector in India, in unorganized retail sector, millions of people are forced to get their livelihood in the informal way as this was the sector where easy entry was possible with low capital and infrastructure needs and it acted as shelter for many unemployed. Traditional forms of low cost retail trade, from the owner operated local shops and general stores to the handcart and pavement vendors together form the bulk of this sector. But the growth of the supermarkets and the malls has reduced the business of these retailers nowadays. The report of BIMTECH (Birla Institute of Management Technology) says that the consumers may be benefited from the entry of such retail companies but the sufferers will be the unorganized retailers at large. They have clearly stated that such kind of sudden flow of the foreign retailers in the market may create huge unemployment and the social unrest. In the suggestion they state that the retailers of the unorganized sector should be trained properly before made face such type of competition. The scope of strong regulating mechanism is there for such a reform. It is fine to say that the training should be given to the unorganized retailers but is it really feasible? Can millions be trained and motivated in the direction? It is difficult in reality. Today almost every customer is used to of foreign brands when the goods consumed of Electronics, automobiles, mobiles etc. Even majority have not been