FINANCIAL MANAGEMENT STRATEGIES FOR CORPORATE RETAIL INDUSTRY IN INDIA-A CASE STUDY OF RETAIL SCENARIO IN HYDERABAD AND SECUNDERABAD SYNOPSIS I INTRODUCTION: (1) Retail Industry in India The Indian retail industry is the largest among all the industries, accounting for over 10 per cent of the country’s GDP and around 8 per cent of the employment. The retail industry in India has come forth as one of the most dynamic and fast paced industries with several players entering the market. But all of them have not yet tasted success because of the heavy initial investments that are required to break even and compete with other companies. The Indian retail industry is gradually inching its way towards becoming the next boom industry. A …show more content…
With the retail sector generating fair profits in Hyderabad and Secunderabad, it would be beneficial for investors to tap it exactly in the manner in which they want. (3) Impact of the Retail Industry on the social and economic environment The boom in the Indian retail sector has impacted a change in the lifestyle of the Indian consumers drastically. The evident increase in consumerist activity is colossal and this has already created a money making recess for the Indian organized retail sector. What’s more, this growth trend in retail industry in India is not just a steady one but also one that is displaying exponential characteristics. With the onset of a globalized economy in India, the Indian consumer 's psyche has been changed. People have become aware of the value of money. Nowadays the Indian consumers are well versed with the concepts about quality of products and services. These demands are the visible impacts of the Indian organized retail sector. The social changes with the rapid economic growth due to trained personnel, fast modernization, enhanced availableness of retail space are the positive effects of liberalization. The growth factors of organized retail in India are:- • Increase in per capita income which in turn increases the household consumption • Demographical changes and improvements in the standard of living • Change in patterns of consumption and availability of low-cost consumer credit • Improvements in infrastructure and
As we all know, the retail industry is very crucial and is highly competitive. As this company
“Retail is the business of selling goods made by others to individual consumers. It is a huge industry, dominated by Wal-Mart, which touches every corner of the globe. Due to the decline in the global economy, the future of many retailers is uncertain as consumers begin to spend less. The retail industry is the last step in the process of getting products to customers efficiently, and should not be confused with the wholesale activities which precede it. The difference between the two is that wholesalers are companies that sell their products to businesses, whereas in retail, the goods are sold
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.
For this purpose the retailers were interviewed. Visits were made to retailing stores in west Nagpur area. Lastly, an analysis of the competitors like Prestige and Hawkins was also carried out to find out about their activities in the retail direction.
• 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.
Thus, a suggestion for future research could be to increase the sample size by including more firms, for example, small firms, large firms, unlisted firms, and firms on the Alternative Investment Market (AIM). Furthermore, as this study only focused on listed retail firms on the LSE, future research could also include more industries and perform cross sectional analyses to make a comparison between different industries or even countries. For example, either comparative study on retail firms listed on the LSE and the NYSE or retail and manufacturing. Future research could also consider including non-financial factors, such as management, corporate governance proxies and market share, as purely financial factors lack future relevance and prone to manipulation
Retailing industry is one of the fast growing industry. The process of these industry in early 2000 was to buy commodities in bulk and sell them to the needy ones with margin or profit. The market is completely changed now with the trend of online shopping. Although technology is catching up the entire world, report states that the online shopping only concludes to 15% of the buyer. The global retail industry is distinguished into two main categories perishable and non-perishable goods. Further concluded as grocery retailing and non-grocery retailing. The FMCG industry still dominates the entire world market. However the
With the penetration of modern retailing in the suburbs and semi-urban areas, more and more Indians
FDI in Retailing started with FDI in cash and carry wholesale trading first permitted in 1997 to the extent of 100% under the Government approval route and thereafter in 2006 brought under the automatic route. In 2006 again FDI in Single Brand Retailing was permitted to the extent of 51%. From here it is but natural and logical that FDI would now proliferate to multi-brand retailing. But the progression to FDI in multi-brand retailing cannot take place at the cost of vital concerns raised in connection with this possible change by different groups; viz, the question of adaptability of the retailers in the unorganized sector, the question as to how the FDI in retailing can be harnessed for the benefits of Indian agriculture and Medium and Small Enterprise and above all how to impart into the economy a degree of resilience to withstand the changes that would be ushered in the wake of introduction of FDI in retailing. All these concerns have to be addressed not because the Left wing political parties and the media through their campaign have necessitated such attention but because we are constitutionally bound to do so .The Preamble of the Constitution resolves to constitute India into a Sovereign, Socialist, Secular, Democratic, Republic and to secure to all its citizens JUSTICE, social, economic and political …..EQUALITY of status and opportunity. Directive Principles of State Policy similarly exhorts the state to establish just, equitable and fair order. Article 39(c) states that the state should ensure that the operation of the economic system does not result in the concentration of wealth and means of production to the common detriment. Though both these features are not enforceable, the Executive and the Apex Court in particular have
The objective of this report is to analyse the current financial position of Super Retail Group (SUL) and to determine whether the company’s organization structure, equity and assets are efficiently managed. This report will introduced the current status of the company and will examined several analysis used to determine if the company would be a good financial investment and where the future of the company looks like. Finally, report will examine the recommendations suggested and will present a summary if the company is deemed as a good investment.
Retail is the sale of goods and services from individuals or business to the end-user(Harper 2008). Getting the right goods to the right markets in response to or anticipation of consumer demand is the key function of marketing. Unlike selling which is primarily concerned with the needs of the seller, marketing is primarily concerned with the needs of the buyer. In the last thirty years British retailing has undergone major changes in both its commercial and economic organisation and in its geographical character. However, with the intensification of the process of globalization there still have many challenge to the retail companies to solve. In this essay I will argue that, the retail companies adapted their strategy to address the needs
(a)That the work presented for assessment in this Report is my own, that it has not previously been presented for another assessment and that my debts (for words, data, arguments and ideas) have been appropriately acknowledged
In addition to that, the behavior of consumers in India must also be understood. There are many other challenges because Pret a manger has to understand the fact that opening up their branches to a different culture may be difficult but in the case of India, the challenges may be even more difficult because India is a country of many different cultures, languages, tastes and so. For these reasons, there is need to adopt broad and diverse considerations so that every attempt can be made to address the challenges (Chhabra,
Q1. Analyze the retail scenario in India in terms of Porter’s Five Forces and investigate the growth across different segments of retailing.
Retail industry is an important economic sector, which plays a significant role in expanding domestic demand, promoting employment, stimulating economic growth and increasing overall social welfare. With the progress of the industry, competitions among