The changing face of the Indian retail industry - Free Retail Industry Article... - The Diigo Meta page

• 25 Mar 08
  

  Ashish Bogawat

  retail work

  • The retail market in India is anticipated to grow to 427 billion USD by the year 2010
  • The emphasis has shifted from reasonable pricing to convenience, efficiency and ambience
  • 6 more annotations...
  • • The middle class is considered to be a major potential customer group. The youth are perceived as trend setters and decision makers.
    • Food and grocery are the two categories in the Indian retail sector which offer the most promising opportunities
    • jewellery, apparel and consumer durables
    • Undersupply of suitable spaces and manpower have driven both critical cost components to levels where it is very difficult for many retailers to make profits (not to talk about generating funds for further expansion)
    • additional funds, cutting edge supply chain solutions and process know how
    • The latter is dearly needed to professionalise the retail sector, thereby creating efficiencies (retailer profits) as well as best services and best prices for the Indian consumer.

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