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RETAIL MANAGEMENT
SUBMITTED BY:
SUBMITTED TO:
Group - 11 ADITYA VATS AKASH GUPTA ANKUSH SHARMA RITESH JAISWAL SIDDHARTH KHEMKA
Prof. G. SURESH
Importance of Store channel: 1) 2) 3) 4) Touch and feel Immediate delivery of products Personal assistance and interaction Browsing comfort
Importance of online channel: 1) 2) 3) 4) 5) More detailed and current information Broader and deeper assortments Personalization of information search about the product Chart comparisons , consumers do not have to remember the features Sometimes when not available on store u can get it from online.
Reforms undertaken by government will allow foreign players to enter hence increasing the competition.
The biggest challenge which Indian organized retail sector will face is the lack of retail space.
Walmart will lower prices to dump goods, get competition out of the way, become a monopoly, then raise prices.
ENVIRONMENTAL CHALLENGES
Climate change
Waste management
Food scarcity
List down your appreciation as to whether organized retail will have to continue to coexist with the unorganized sector in this category. Why or why not
Market Share
7%
93%
Unorganized Retail
Organized Retail
Reduced prices to final consumers due to efficient farmer-to-consumer chain Product standards benchmarking Introduction of newer technologies Betterment of supply chain infrastructure Ensuring better operations in production cycle and distribution Transfer of skills and technology from overseas Greater managerial talent inflow from other countries
in the coming years Companies will be able to gather better product, consumer and channel feedback
WHY NOT? Predatory pricing would wipe out the unorganized sector gradually SMEs will be exploited by the organized sector due to bulk orders Lower prices would cut down the margins of the unorganized players