Potential Between India 's Tier II And Tier IIi Cities Essay

In the retail sector, there is a lack of professionalism and image of the retail workforce in Singapore. Many companies in the service sector do not have clear procedures and work performance standards due to the shortage of skilled personnel. Therefore it needs to raise the image of their retail workforce constantly promoting service differentiation from its competitors and attracting and retaining quality staff.

International retail environment is competitive, rapidly developing and increasingly dynamic environment. It has a great impact on our lives and lifestyles as it all around us. In terms of economic significance, the retailing sector makes a major contribution to the Gross Domestic Product of countries and employs a large number of people. (Fernie et al., 2003) At the same time, retail environment is influenced by larger societal factors, such as political, economic, socio-cultural, natural and technological, that affect the retailer and marketing decisions. Due to this, retailers have to

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

Based on the study it was essential to make a hypnotically observation by quickly collecting responses from the selected respondents about the picking of retail format they prefer. As shown in the figure below it was identified that majority of the consumers with 54.99% still prefer to have traditional unorganized retail format as their majority of the choice, while 45.01% of the respondents mostly prefers organized retail format as their 2nd best option.

Retailing involves a direct interface with the customer and the coordination of business activities from end to end-right from the concept or design stage of a product or offering, to its delivery and post-delivery service to the customer. The industry has contributed to the

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

India’s retail market is expected to nearly double to US$ 1 trillion by 2020 from US$ 600 billion in 2015, driven by income growth, urbanization and attitudinal shifts. While the overall retail market is expected to grow at 12 per cent per annum, modern trade would expand twice as fast at 20 per cent per annum and traditional trade at 10 per cent.

Retail is usually classified by type of products as follows: Food products Hard goods ("hardline retailers") - appliances, electronics, furniture, sporting goods, etc. Soft goods - clothing, apparel, and other fabrics. There are the following types of retailers by marketing strategy:

Retail is the selling of services or goods to consumers to gain a profit. The retail industry is one of the most important and profitable industries in the world economy today. Total annual U.S. retail sales have increased an average of 4.5% between 1993 and 2015, according to the U.S. Census Bureau. The simple idea of creating retail shops, discount stores, and super shops has altered the world of shoppers and consumers worldwide. An estimated two-thirds of the U.S. gross domestic product (GDP) comes from retail consumption (2015 US Retail Industry Overview - Info, Facts, Research, Data, Trivia," 2015).The retail industry is generally divided into several types of retail stores such as, department stores, supermarkets, convenience stores, online stores and malls.

In the 21 century, thanks to the developments of technology and economy, world retail receives a new opportunity for developing. To understand and predict the situation and developments of world retail industry in 21 century, firstly, this report will evaluate the major situation of retail within the first decade of 21 century by evaluating the development of retailers branded products; then, the article will predict the future changes of retail industry.

The Indian economy is the 12th largest in the world and the third largest in Asia after China and Japan. Of the one billion residents about 320 million have an income that enables them to purchase consumer goods and 25%

While it is not modeled on any one foreign retailer, the ‘basic construct’ is taken from the experience of a number of successfully managed retail companies. It has leveraged expertise for a critical component like technology from all over the world, going as far as hiring expatriates from Littlewoods and using state-of-the-art ERP models. Shoppers’ Stop went a step further by even integrating its financial system with the ERP model. Expertise was imported wherever it felt that expertise available in-house was inadequate. But the store felt there was one acute problem. A shortage of the most important resource of them all was trained humans . Since Indian business institutes did not have professional courses in retail management, people were hired from different walks of life and the training programme was internalized. By 1994, the senior executives at Shoppers’ Stop were taking lectures at management institutes in Mumbai. The Narsee Monjee Institute of Management Studies (NMIMS) even restructured its course to include retail management as a subject. Getting the company access to the latest global retail trends and exchange of information with business greats was an exclusive membership to the Intercontinental Group of Department Stores (IGDS). It allows membership by invitation to one company from a country and Shoppers’ Stop rubs shoulders with 29 of the hottest names in retailing – Selfridges from the UK, C.K. Tang from Singapore, Lamcy Plaza from Dubai and the

The service industry now makes up almost as much as 60-65% of the global economy with India being a major contributor to this industry (KPMG, 2016). India has dignity to know that its country is one of the fastest-growing service sectors in the world. According to KPMG (2016), services remain the key driver of India’s economic growth and continues to grow strong and steady. The services sector contributes more than 50% to India’s GDP and is growing at about 10% per year. IT outsourcing has been a major source of employment for the people living in India. The service sector in India has exceed agriculture with a greater share of GDP and is now considered a service based economy instead of an agriculture economy. In general, the service

In the modern era, India is one of the six fastest growing economies of the world. The country also ranked fourth in terms of Purchasing Power Parity (PPP) in 2001. Revolution in the field of manufactured goods along with opening the economy to the globalised market forces, has led to the intoduction of various consumer goods in the Indian market to cater to the needs of consumers along with a variety of services like banking, financing, insurance, transport, construction, entertainment etc. are being made accessable to consumers. The consumers also have assurance of proper food, clean and potable drinking water, primary health care and adequate and well constructed housing and minimum clothing.

Over the past few years, The retail sales in India are hovering around 33-35% of GDP as compared to around 20% in the US. The table gives a picture of India's retail trade as compared to US and China(The Economist)