Retail March 2014

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

India is standing on the threshold of a retail revolution and witnessing fast changing retail

•  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.

But, it was not possible to realize his plans until Indian retail sector was more accessible to foreign investors. In 2007, although there were some objections, the government decided to attract foreign retail businesses allowing them to fully own an Indian wholesale business but yet, there were some restrictions as for retail stores .For Walmart, a joint venture was the only way to reach Indian retail sector. So, in 2007, Walmart created a joint venture with a known Indian retailer, Bharti Airtel who was trading in telecom and insurance, holding stake 50% each one. At the beginning, this alliance managed the supply chain for Bharti’s retail stores, dubbed EasyDay, while until 2011, it had been expanded to operate 20 cash and carry stores in some major Indian cities under the name Best Price Modern

Large companies include Gap, Limited Brands, Talbots, and Abercrombie & Fitch. The industry is concentrated: the 50 largest companies operate 30,000 stores and account for 65% of industry revenue. Most companies operate a single store. An average store has $2 million in annual revenue.

Big Bazaar is popularly known as the ‘Indian wall-mart’ today. Most Big Bazaar outlets are multi-leveled stores and are located in stand-alone buildings in city centre as well as within shopping malls. These stores have more than 2, 00,000 stock keeping units (SKU) in a wide range of categories, led primarily by fashion and food products . The retail of these stores in the metros range between 50,000 and 1, 60,000 sq.ft.

The vast and diverse nature of the Indian consumer provides ample variety of needs for retail stores to address. Mom & pop stores, departmental stores, e-commerce platforms, all target different needs of a variety of customers. With consumers becoming more and more comfortable with

The retail industry India is so pivotal that it accounts up to 14% of the country’s national gross domestic product and provides jobs for nearly 10% of the entire country and is expected to rise at prompt rates. Before the rapid rate in India’s population there were plenty of competition within the Indian retail sector, but not between major licensed retail corporations but amongst small mom and pop stores, mobile carts and pavement vendors which are known as the unorganized retail sector, which in earlier yeas accounted for nearly 98% of the country’s retail market. With India’s population 1billion plan and the GDP growth estimate at 7.5% in upcoming years all sorts of different opportunity for all mass merchants and food retailers to expand their businesses locally and nationally were up for grasp. It was apparent the Indian retail sector was on its way to becoming worth billions of dollars, so the country saw many different companies beginning to funnel into the retail sector with hopes of taking advantage of all the positive changes in the region. As more and more business began entering the market the more competition presented itself.

The company has 230 stores, with operations carried out in over 42 countries with well over 70 000 employees. The stores

Emerging Market: The Indian food services retail market is worth $8 billion and will grow at a

iSpiceShopStop.com is concentrated on online Indian grocery retail business. It plans to connect human beings of Indian foundation with distributors. iSpiceShopStop.com is an online portal available 24 X 7 to the net friendly clients or customers. It’s far a virtual on-line market place facilitating smooth shopping for and promoting of groceries. iSpiceShopStop.com aims to tap the developing Indian purchaser items marketplace. iSpiceShopStop.com plans to begin with its warehouses in six foremost cities from all guidelines covers whole united

The retail market in India, stands at a pleasing figure of $350 billion and is growing rapidly at a compounded annual growth rate of 15-20%. (PwC, 2011). The major advantages that foreign retails

JA Russell which is dealing in more than 65,000 products range and having 67 branches nationwide my research

Indian Retail industry is on the brink of explosive growth. It has undergone a major transition and is now standing tall with a three year compounded growth rate of 46.64%. Hence, proving to be the fastest growing industry in India. Traditional markets called the "Kirana" stores are paving way for new formats such as departmental stores, hyper markets, super markets and specialty stores. Western style malls have begun appearing in metros and second-rung cities alike, introducing the Indian consumer to an unparalled shopping experience.

India’s retail sector has grown enormously from ‘Haat’, ‘Weekly Bazaars’ to posh, sophisticated and swanky shopping malls. A few years back our mothers used to go to ‘kirana ki dukan’ to buy grocery which now is available in grocery stores. In small towns, cities and even in metros and big cities ‘kirana shops’ still dominate and fulfil the daily needs of a family. Though the dynamic transformation is going on but definitely retail stores and malls have been transforming the retail industry from unorganized to organized. Still a way to go as organized retail sector is just 5% of the total retail sector in India.