Retailing in India

Top PDF Retailing in India:

EMERGING DIMENSIONS OF FOREIGN DIRECT INVESTMENT IN RETAILING IN INDIA

EMERGING DIMENSIONS OF FOREIGN DIRECT INVESTMENT IN RETAILING IN INDIA

upper and upper middle strata of the society now prefers to purchase well established branded goods from standard showrooms and it has transformed the entire picture and perception not only in the metro cities but almost in all big cities of our country. It is worth mentioning that retailing in India has been hailed as one of the sun-rise sectors in the economy. According to A. T. Kearney, a well known International Management Consultant, “India is the second most attractive retail designation globally, among thirty emergent markets.” Till now unorganised retailing sector was dominating retail trade in India by constituting 98% of all retailing trade but now not only traditional Indian retailers but giant Indian retailers like Reliance has entered in the area and is planning to expand its activities in this sector in a big wag. Even world renowned retailing organisation like Wal-Mart has decided to enter in India via joint venture with Bharti and French retailer Carrefour is busy in chalking out strategy to enter the hyper market and supermarket retail format in India through Dubai based retail major Landmark group.
Show more

16 Read more

RETAILING IN INDIA: AN OVERVIEW

RETAILING IN INDIA: AN OVERVIEW

International Research Journal of Marketing and Economics (IRJME) ISSN: (2349-0314) 2 | P a g e Many foreign retailers have also entered the market through different routes such as wholesale cash-and-carry, local manufacturing, franchising, test marketing, etc. With the growth in organized retailing, unorganized retailers are fast changing their business models and implementing new technologies and modern accounting practices to face competition. The retailing sector in India has undergone significant transformation in the past 10 years. Traditionally, Indian retail sector has been characterized by the presence of a large number of small-unorganized retailers. However, in the past decade there has been development of organized retailing, which has encouraged large private sector player to invest in this sector.Many foreign players have also entered India through different routes such as test marketing,franchising, wholesale cash-and-carry operation. With high GDP growth, increased consumerism and liberalization of the manufacturing sector, India is being portrayed as an attractive destination for foreign direct investment (FDI) in retailing. However, at present this is one of the few sectors, which is closed to FDI. Within the country, there has been significant protest from trading associations and other stakeholders against allowing FDI in retailing.In India, the retail sector is the 2nd largest employer after agriculture. Infact due to wide network of retailing in India it is known as nation of shopkeepers. There is about 12 millions retail outlet spread across India and the country has the highest density of shops in the world i.e. one shop for every 20 to 25 families or 11 retail shop for every 1000 persons. While it is only four shops per 1000 in USA. Retailing in India provides employment to about 7
Show more

13 Read more

A CRITICAL EVALUATION OF CHALLENGES & PROBLEMS FACED BY RETAILING IN INDIA

A CRITICAL EVALUATION OF CHALLENGES & PROBLEMS FACED BY RETAILING IN INDIA

The retail area has assumed a phenomenal part throughout the world in increasing productivity of customer goods and administrations. The retail business in India has approached as a standout amongst the most dynamic and quick paced industries with several players entering the market. The Indian retail industry is the biggest among every one of the industries, representing more than 10 per cent of the country’s GDP and around 8 per cent of the employment. The principle challenge facing the sorted out division is the competition from unorganized segment. The composed retail fragment is for the most part dominated by the apparel and material portion took after by the nourishment, grocery and refreshments sections. The changing consumption design is releasing open doors for retailing development in Indian urban range. This must be come to the Indian country for a practical retailing in India. This paper gives point by point data about the development of retailing industry in India. It likewise highlights the difficulties faced by the business in not so distant future.
Show more

8 Read more

Impact of omni channel framework on the role of sales person  In apparel retailing in india

Impact of omni channel framework on the role of sales person In apparel retailing in india

“Twenty years ago Vishal was 19 years old and was studying engineering in Pune. Whenever he or his friends wanted to purchase any clothes they would go to the apparel store of their choice at MG road, go through the collection over there and purchase the clothes of their choice. Today Vishal, works as a general manager at an MNC and has a very busy schedule. For purchasing his clothes he rarely visits MG road instead goes through the latest collection available at the e-store of his choice and orders it through their website or their mobile app and makes the payment through his e-wallet. If he has to return or exchange the product he contacts the store online and if he needs the apparel immediately he always has the choice of exchanging the apparel at the physical store which is on the way to his work place.” The above story describes how retailing has transformed into an omni channel retailing from just a brick and mortar retailing during the last few decade. This change has affected many aspects of the retailing business and one of the main affects has been on the role of the salesperson within the omni-channel framework. Our research tries to explore the way in which the omni-channel marketing can affect the role of salesperson in the apparel retailing in India. Over 200 respondents were surveyed and important insights were collected. The research clearly indicates that the role of sales person is evolving with the advancement of technology within the omni channel framework. The role of a sales person has become more complicated and sophisticated.
Show more

5 Read more

RETAILING IN INDIA: OPPORTUNITIES & CHALLENGES

RETAILING IN INDIA: OPPORTUNITIES & CHALLENGES

The retail is one of the fastest growing sectors in India over the last couple of years. Indian retail sector comprises of organized and unorganized retail sector. Traditionally the retail market in India was largely unorganized; however with changing consumer preferences, organized retail is gradually becoming popular. Unorganized retailing consists of small and medium grocery store, medicine stores, subzi mandi, kirana stores, pan shops etc. More than 90% of retailing in India fall into the unorganized sector, the organized sector is largely concentrated in big cities. Organized retail in India is expected to grow 25-30 per cent yearly and is expected to increase from Rs35, 000 crore in 2004-05 to Rs109, 000 crore ($24 billion) by 2010. Another credible factor in the prospects of the retail sector in India is the increase in the young working population and dual economies. This paper provides detailed picture about the growth of retailing industry in India. It examines the growing awareness and brand consciousness among people across different socio-economic classes in India and how the urban and semi-urban retail markets are witnessing significant growth. It explores the role of the Government of India in the industry ½s growth and the need for further reforms. In India the vast middle class and its almost untapped retail industry are the key attractive forces for global retail giants wanting to enter into newer markets, which in turn will help the India Retail Industry to grow faster. The paper also includes strategies, strength and opportunities of retail stores, retail format in India, recent trends, and opportunities and challenges, entrance of global players and challenges before Indian retailers in the near future.
Show more

10 Read more

Foreign direct investment and retailing in India: opportunities and challenges

Foreign direct investment and retailing in India: opportunities and challenges

Retailing has seen such a transformation over the past decade that its very definition has undergone a sea change. No longer can a manufacturer rely on sales to take place by ensuring mere availability of his product. Today, retailing is about so much more than mere merchandising. As the Indian consumers have agained more insight, they expect more and more at each and every time when they step into a store. For manufacturers and service providers the emerging opportunities in urban markets seem to lie in capturing and delivering better value to the customers through retail. However, manufacturers and service providers will also increasingly face a host of specialist retailers, who are characterized by the use of modern management techniques, backed with seemingly unlimited financial resources. Organized retail appears inevitable. Retailing in India is currently estimated to be a US$ 200 billion industry, of which organized retailing makes up a paltry 3 percent or US$ 6.4 billion.
Show more

8 Read more

FOREIGN DIRECT INVESTMENT IN MULTIBRAND RETAILING IN INDIA: FROM STAKEHOLDERS PERSPECTIVES

FOREIGN DIRECT INVESTMENT IN MULTIBRAND RETAILING IN INDIA: FROM STAKEHOLDERS PERSPECTIVES

The Indian retail sector is highly fragmented with 97 per cent of its business being run by the unorganized retailers. The organized retail however is at a very nascent stage. The sector is the largest source of employment after agriculture, and has deep penetration into rural India generating more than 10 per cent of India‘s GDP. According to the Investment Commission of India, the retail sector is expected to grow almost three times its current levels to $660 billion by 2015. India's retailing industry is essentially owner manned small shops. The share of organized retailing in India, at around 2%, is too low, compared to 80% in the USA, 40% in Thailand, or 20% in China, thus leaving the huge market potential largely unexploited. In 2010, larger format convenience stores and supermarkets accounted for about 4% of the industry, and these were present only in large urban centers. India's retail and logistics industry employs about 40 million Indians (3.3% of Indian population).
Show more

13 Read more

Consumers’ Perception on FDI in Multi-Brand Retailing in India - A Study

Consumers’ Perception on FDI in Multi-Brand Retailing in India - A Study

As discussed earlier, since the aim of the study is to test the association between education and perceptions of the respondents, only two education levels were included in the questionnaire and the degree of agreement and disagreement were collapsed by combining the upper and lower categories into a 3 level "Agree/Neither/Disagree" breakdown. The results shows that 32 per cent of the respondents were below the graduation level and 68 per cent were above the graduation level. Further, the observations that were made clearly shows that majority of the respondents whose educational level is below graduation have inclined negatively towards opening up of FDI in Multibrand retailing in India. A majority of 14 respondents out of the total 32 respondents are of the opinion that FDI in multi brand retailing would not create lot of job opportunities. This could be due to fear of loss of jobs. They also felt that the average expenditure of the customers would not decrease because of big retailers. A majority of the respondents who have not graduated have expressed similar view points for statements 2, 3 & 4. They have also expressed their fear by strongly agreeing (28 out of 32) that FDI in Multi brand retailing would be a threat to small retailers. In contrast, the educated category has positively inclined towards FDI (53 out of 68) due to availability of wide variety of products under one roof. The reasons could be convenience, time factor and quality products. This group is also of the opinion (58 out of 62) that there is a possibility of lot of job opportunity. Thus the results indicate clearly that the educated respondents have inclined positively and the respondents below graduation level have inclined negatively towards FDI in multibrand retailing in India.
Show more

15 Read more

ORGANIZED RETAILING IN INDIA CHALLENGES AND OPPORTUNITIES

ORGANIZED RETAILING IN INDIA CHALLENGES AND OPPORTUNITIES

The retail sector has played a phenomenal role throughout the world in increasing productivity of consumer goods and services. The retail industry in India has come forth as one of the most dynamic and fast paced industries with several players entering the market. The Indian retail industry is the largest among all the industries, accounting for over 10 percent of the country’s GDP and around 8 percent of the employment. The main challenge facing the organized sector is the competition from unorganized sector. The organized retail segment is mainly dominated by the apparel and textile segment followed by the food, grocery and beverages segments. The changing consumption pattern is unleashing opportunities for retailing growth in Indian urban area. This has to be reached to the Indian rural for a viable retailing in India. This paper provides detailed information about the growth of retailing industry in India. It also highlights the challenges faced by the industry in near future.
Show more

8 Read more

Web Retailing In India

Web Retailing In India

Once a particular product has been found on the website of the seller, most online retailers use shopping cart software to allow the consumer to accumulate multiple items [r]

10 Read more

E-retailing in India: The Journey so Far

E-retailing in India: The Journey so Far

Online shopping is a modern era revolution. It‘s the latest wonder child of technology. It has taken the entire world by storm. Our own country is also not an exception to that. Lives of the modern consumers have become much easier. They can virtually purchase anything from the comfort of their homes & offices and get them delivered to any location as per their convenience. It has also given them the power to compare the prices offered by different e- tailer and purchase from the one which offers the best deal according to them. Add with that the customer review of different products and you get customers who are more powerful today than the customers of previous decades. So convenience, comparison shopping & easy availability of consumer review is the three pillars of online shopping. But the most important of them all which sets the tongue wagging of all the online shoppers is the huge & astounding amount of discounts offered by these companies. It‘s like adding more cream to your already existing delicious ice cream. So today‘s customers are spoiled for choices. Getting quality products at affordable rates have become all the more easier. In this context, we are going to review the journey of the online shopping companies in India so far. We are also going to look at the future prospects of this industry.
Show more

9 Read more

A Study on Emerging Trends in Food & Beverage Services Retailing in India

A Study on Emerging Trends in Food & Beverage Services Retailing in India

Grading restaurants highlights their distinctive features while giving customers greater clarity about the offerings. It also gives restaurants valuable feedback, helping them improve their standards This practice began in 1900 in France, with the manufacturer Michelin establishing a guide to evaluate restaurants. Over the years, this guide, based on the feedback of qualified inspectors, is an important aid in improving the overall quality of restaurant food. A similar system used in the UK was pioneered by its Automobile Association and awards Rosettes instead of Michelin‟s Stars another system based on actual reviews by customers rather than inspectors India presently lacks a standardized system by which restaurants can be rated. Growing consumer discernment and increasing F&B prices also necessitate a transparent and credible grading system this has resulted in the launch of review systems like Zomato.com and Times Food Guide However, these are nowhere near as well established or reputed as the Michelin Guide. An official grading system exists in Mumbai (vide the Mumbai Shops and Establishments Act of 1948) and rates restaurants on the basis of seating, general hygiene, air conditioning, location of restrooms etc. However these ratings are seen as being obsolete and largely ignored Food and restaurant-related awards such as the NDTV Good Times Award and Times Food Guide award, adjudged by critics employed by the sponsor media agencies, are also controversial since there is no official validation by government agencies. Certain restaurant review websites such as Zomato.com and Burrp.com post details about restaurants and provide a platform for customers to upload reviews and feedback. There is thus a lack for an independently audited grading system, preferably based on reviews by renowned food critics as well as consumer reviews in rating a restaurant, the most
Show more

8 Read more

E - RETAILING in India:  Changing Technology Oriented Business Scenario of 21st Century

E - RETAILING in India: Changing Technology Oriented Business Scenario of 21st Century

Asia, especially China and India are the emerging marketplace. In the past the sheer size of China and India did not necessarily lead to their having an impact as a market. The technological, transportation and industrial revolution of the past two decades have change much of that. Increasing urbanizing in both the market has fast emerged as an important factor in the rise of these nations as important emerging markets. Together, China and India, or Chindia as they are now termed, are estimatedto see the GDP rise to $6trillion by the year 2020.they will consume 45-50 % of the world’s natural resources and have the potential of becoming the world’s largest exporters of goods and services with a 25 % and more share.
Show more

6 Read more

Web Retailing in India

Web Retailing in India

Once a particular product has been found on the website of the seller, most online retailers use shopping cart software to allow the consumer to accumulate multiple items an[r]

8 Read more

RETAILING IN INDIA : CHALLENGES AND PERSPECTIVES

RETAILING IN INDIA : CHALLENGES AND PERSPECTIVES

the farmers in India. Across the world the big retail giants buy the produce directly from the farmers, thereby eliminating the middle men. Thus farmers will get much better price which can be at least 15-20% higher than the existing price they get. In present system the farmers get approx only 30-35% of the retail price, rest all is taken over by middle men like traders etc. for e.g. during the onion storage in India most of the hoarding was done by onion traders, whereas they got price as high as Rs.35 kg, the farmer got only Rs.4-5 kg. thus farmers will directly benefit from direct purchase. 2. Reduction in food inflation : The incoming of FDI will bring in strong competition
Show more

10 Read more

EMERGING DIMENSIONS OF RETAILING IN INDIA

EMERGING DIMENSIONS OF RETAILING IN INDIA

is worth targeting for high-end premium products, it is not the key driver of the organized retail sector. The real driver of the Indian retail sector is the bottom 80% of the first layer and the upper half of the second layer of the income map (see ‘Map of India’s income classes’ below). This segment of about 40 million households earns USD 4,000- 10,000 per household and comprises salaried employees and self-employed professionals. This segment is expected to grow to 65 million households by 2010 and is currently the key driver behind explosive growth in passenger car sales(USD 5 billion in 2004) and mobile phone penetration (over 70 million).The top 6 Indian cities - Mumbai, Delhi, Chennai, Kolkata, Bangalore and Hyderabad - are the darlings of India’s exploding economy. They represent 6% of the population, but contribute 14% of India’s GDP; they are the centers of business, finance, politics and the emerging sunrise industries such as IT and pharma, which have put India on the global map. These cities are also the barometer of India’s economic development and most foreign investors have flocked here.
Show more

13 Read more

A STUDY OF PROBLEMS & PROSPECTS OF INTERNET RETAILING IN INDIA

A STUDY OF PROBLEMS & PROSPECTS OF INTERNET RETAILING IN INDIA

Another reason why the concept of internet retailing or online retailing has not gained prominence in India is that the Indians prefer to touch the products physically before buying them. This facility is provided through the multi-brand outlets, not available online. Studies have revealed the preferences of the customers towards the traditional shopping methods. Hence the retailer online should first make it a point to spot the potential customers and accordingly plan out the product. If the customers are more open to online shopping, then nothing can be more beneficial. They save the time and effort to visit, departmental stores, shopping malls, etc. products can be delivered by a click of the mouse.
Show more

9 Read more

DYNAMICS OF RURAL RETAILING IN INDIA: CHALLENGES AND OPPORTUNITIES

DYNAMICS OF RURAL RETAILING IN INDIA: CHALLENGES AND OPPORTUNITIES

From the above table, the researcher depicts the religion of the respondents included in the survey. From the Table 4.1, it is clearly evident that the researcher had encountered respondents falling into four religions – namely, Hindu, Muslim, Christian and Jain. Majority of the respondents with a percentage of 80.9 adopted the sect of Hindu, 13.1% following the sect of Muslim, and feeble percentage of the respondents adopting Christian and Jain, with 3.1% and 2.8% respectively. From Table 4.1, it is evident that the ownership of the retail outlet fell into two classes, namely single owned and family owned. Majority of the respondent retailers with 74.4% owned their business individually and the rest with 25.6% of the respondent retailers as family owned. In the above table the researcher presents the motive of entering the business by the retailer respondent’s. The researcher has classified the choices as – ancestors business, own interest, side business, unemployment and without any motive. From the Table 4.1, it is evident that majority of the rural retailers ventured into retailing, motivated to circum- vent unemployment, scoring 49.7%. The second predominant motive articulated being ancestors business with 31.3%, followed by side business as a motive with 10.6% and a meager without any motive with a percentage of 3.1.
Show more

20 Read more

THE EMERGING SECTORS IN RETAILING

THE EMERGING SECTORS IN RETAILING

„all-under-one-roof‟ convenience and „neighborhood‟ availability. India has emerged as the most attractive retail market three years in a row. The Indian Retail industry is a US$ 270 billion industry and is growing at over 13% per annum. Only about 4.6%(US$12.42 billion) of the industry is organized. If this share increases to 10% by 2011, the size of organized retailing could touch US$ 55 billion – a CAGR of over 35%. At6 the Centre of India’s booming economy are the top six cities of Mumbai, Delhi, Chennai, Kolkata, Bangalore and Hyderabad representing 6% of the population yet contributing 14% of the GDP. Also notable is the fact that 85% of India’s urban. Dr.Manmohan Singh, the Finance Minister of India, quoted Victor Hugo while presenting the Union Budget 1994- 95, making a reference to the Indian economy's unlimited potential. If Dr. Singh were to use the quote again today, he would probably apply it in the context of the promise contained in the Indian retail industry and, in particular, organized retail in India in the days to come. Retailing in India is currently estimated to be a US$ 200 billion industry, of which organized retailing makes up 3 percent or US$ 6.4 billion.
Show more

8 Read more

FDI In Retailing: Prospects And Challanges

FDI In Retailing: Prospects And Challanges

markets seem to lie in capturing and delivering better value to the customers through retail. For instance, in Chennai CavinKare‟ s LimeLite, Marico’s Kaya Skin Clinic and Apollo Hospital ’ s Apollo Pharmacies are examples, to name a few, where manufacturers/service providers combine their own manufactured products and services with those of others to generate value hitherto unknown. The last mile connect seems to be increasingly lively and experiential. Also, manufacturers and service providers face an exploding rural market yet only marginally tapped due to difficulties in rural retailing. Only innovative concepts and models may survive the test of time and investments. However, manufacturers and service providers will also increasingly face a host of specialist retailers, who are characterized by use of modern management techniques, backed with seemingly unlimited financial resources. Organized retail appears inevitable. Retailing in India is currently estimated to be a US$ 200 billion industry, of which organized retailing makes up a paltry 3 percent or US$ 6.4 billion. By 2010, organized retail is projected to reach US$ 23 billion. For retail industry in India, things have never looked better and brighter. Challenges to the manufacturers and service providers would abound when market power shifts to organized retail.
Show more

21 Read more

Show all 10000 documents...