How are shopping malls gearing up to handle the voice Commerce has a new entrant!
Companies The Indian Retail sector has come off age and has gone through major transformation over the last decade with a noticeable shift towards organised retailing. A T Kearney, a US Based global management consulting firm has ranked India as the fourth most attractive nation for retail investment among 30 flourishing markets.
The retail market, including organised and unorganised retailwas at Rs.
According to the study, organised retail, that comprised just seven per cent of the overall retail market inis expected to grow at a CAGR of 24 per cent and attain In terms of sheer space, the organised retail supply in was about 4.
This showed a 78 per cent increase over the total mall supply of just 2.
Retail classification Retail industry can be broadly classified into two categories namely- organised and unorganised retail. Market Dynamics In the past few years, Indian Retail sector has seen tremendous growth in the organised segment.
Along with these giant retailers, a number of transnational brands have also entered into the market to set up retail chains in close association with bigger Indian companies. Although the growth potential in the sector is immense, there are obstacles too, that could slow the pace of growth for new entrants.
Rigid regulations, high personnel costs, real estate costs, lack of basic infrastructure, and highly competitive domestic retailer groups are some such challenges. Key drivers of the Indian Retail Industry Emergence of nuclear families An increase in the double-income households trend Large working population Increase in disposable income and customer aspiration Demand as well as increase in expenditure for luxury items Growing preference for branded products and higher aspirations Growing liberalization of the FDI policy in the past decade Increasing urbanisation.Emerging Trends in Retailing in India - Download as Powerpoint Presentation .ppt /.pptx), PDF File .pdf), Text File .txt) or view presentation slides online.
Today’s retail industry outlook reflects that consumer shopping preferences and behaviors are not static; they change according to age, income, seasonality, and .
Emerging Trends in Retailing in India - Download as Powerpoint Presentation .ppt /.pptx), PDF File .pdf), Text File .txt) or view presentation slides online. Emerging Trends in Retail Marketing Words | 8 Pages. Emerging Trends in Retail Marketing strategy Retail Marketing The essence of retail marketing is developing merchandise and services that satisfy specific needs of customers, and supplying them at prices that will yield profits.
The emerging trends in the Indian organized retail sector would help the economic growth in India. There is a fantastic rise in the Indian organized retail sector in a very short period of time between and /5(11). CHANGING RETAILING TRENDS IN INDIA We are all witness to rapidly changing retail sector in India.
The major changes that have Emerging New Retail Formats The Indian retail market will get further boost in its development through the introduction.