Introduction Retailing includes all activities involved in selling goods or services directly to final consumers for personal, non-business use.
As such retailing is the last link that connects the individual
consumer with the manufacturing and distribution chain.
Selling Directly to consumer selling in smaller units / quantities the
bulk.
Very high numbers near to neighborhood
Reorganized by the service levels
Evolution of Retail Barter System was known as the first form of retail.
As time passed currency was exchanged with goods
and services.
Hawkers carried out the first Retailing in Push
Carts
Followed by Kirana Stores …….. Mom and Popup
Stores
Finally Manufacturing era necessitated the small
stores and Specialty stores Types of retailers 1. Store retailer 2. Non Store retailer 3. Retail Organization Major retailers Retail and India The sector is on a high growth trajectory and is expected to grow by more than 27 per cent over the next 5 to 6 years Retail is one of India’s largest industries, contributing to about 10 per cent of the GDP and providing employment to 8 per cent of the nation’s workforce Factors that attracted major industry players to enter the retail sector Phenomenal success of certain players in retail sector Eg: Shopper’s Stop
Hype created by management consultants and media
Phenomenal growth of service sector and down turn in
manufacturing sector
A good way to leverage existing property
Eg: Primals started developing Crossroads after closing
of Roche factory they have acquired on prime property in Mumbai Features Largest and fastest growing sector in India.
Modern retailing forms one point stop for all shopping.
Consumer gets a large product variety of brands to
choose from one roof.
First it was a sellers market and now its changing to
buyers market.
By 2010 Indian retail sector would be generating 10
million employment opportunities. Changing phase Conclusion Summing it up ,Organized retail in India is on a high growth trajectory and is expected to grow by around 27 per cent per annum in the next 5-6 years.
a drastic change in the consumer buying patterns as
well. People now have high pay packets, and moreover have larger disposable income and thus high spending
After the significant growth of the organized retail in the
metros, Tier 2 cities are the next and the biggest untapped market