Retailing in India – Emerging Trends & Potentialities

There are source of providing retail space of marketing products which provide convenience and entertainment for consumers as well as retailers .they are now not only present in metropolitan cities but second tier cities such as Nagpur, Chandigarh , Surat etc. According to Knight frank India about 70-75 million sq ft space is used by malls of this 74 percent share present in NCR ,Pune ,Mumbai and remaining 26 percent in second tier cities ,such type of retail format provide effective mall management, right tenant mix, innovation, ample parking space which would help in development of malls.

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.

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

•  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.

The provisional estimate of the relative importance of the different types of retail organization with which is concerned could hardly be said to present a picture of long-established and stable conditions, but rather one of a branch of commerce, in a state of rapid development. It is a comparatively easy task to catalogue the various types of retail organization and trading policy, and even to estimate their relative importance, it is a much more difficult one to attempt to interpret contemporary trends which are making for change. But the problems of retail trading both those which are presented to the retailer himself and those which are solution adopted presents to the whole economy, cannot be understood except by their light.

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.

International Retailing has existed and gained market in the past decades. There has been a financial boom in many countries. International Retailers are the companies who are dealing with the retails in the Countries abroad, i.e. far from the countries of the company’s origin. Earlier they were just Domestic Retailers covering their domestic market in the country of their respective origin, but with the elapse of time the demands of people rise in various items and in various countries. It was not possible for them to fulfill the demand of their domestic market and other countries at the same time. So with a risk they started to increase their retails shops within the origin country to have a look at the response of the people. But their sole purpose was to internationalize their retails shops. With time they opened the same retail shops with the same fashion quality but in increased quantity. This is how they became International Retailers. When we talk about International Retailing, the most common names that we come across are K-mart, PAK’nSAVE, Walgreen, Woolworths Ltd, etc. But the leading names of the Retailers that have covered most of the countries are Wal-Mart, Carrefour and Tesco, with their net sales turnover running are $374.5 billion, $130 billion and $102.6 billion, respectively. There are 2 types of International retailers in the industry, i.e. - international Grocery retailers and International fashion retailing. The products of International

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.

The research aims to find out the impact of FDI on economy of the country and current trend of FDI in retailing sector of India with specific reference to E-Commerce. This section presents the discussion of various authors and researchers on the topic of research. The section start with defining concept of FDI and presenting its impact on economy. As the case of retail sector of India is considered to understand the impact of FDI , recent trend of FDI in India and its impact on economy is discussed. Further the retail sector with specific reference to E-commerce sector is discussed in light of FDI and the trends, advantages and disadvantages associated with the FDI in E-commerce sector is

The total concept and idea of shopping has undergone an attention drawing change in terms of format and consumer buying behavior, ushering in a revolution in shopping in India. Modern retailing has entered into the Retail market in India as is observed in

My project entitled “Role of Private labels in Indian Retail Industry” aims at analysing the market opportunities and challenges faced because of Private labels in the Indian Retail Space by considering various stakeholders i.e. consumers, Online Retailers, Brick and mortar Retail Stores.

India is in the midst of a retail boom. The sector witnessed significant transformation in the past decade from small-unorganized family-owned retail formats to organized retailing. Indian business houses and manufacturers are setting up retail formats while real estate companies and venture capitalist are investing in retail infrastructure. Many international brands have entered the market. With the growth in organized retailing, unorganized retailers are fast changing their business models. However, retailing is one of the few sectors where foreign direct investment (FDI) is not allowed at present.

In the last five years the retailing industry has undergone several changes, the effect of globalisation had turned retailing in to a global enterprise. Foreign organisations expanding often with a local joint venture partner. Manufacturers are trying to have

Indian retail one of the fastest growing markets in the world due to economic growth