RETAIL BOOM IN INDIA

Introduction
What is retail?
Make products available to customer from the producers.

The phase of retail is
1.MATERIAL MANAGEMENT
2.PHYSICAL DISTRIBUTION MANAGEMENT


Categories of Retail in India
Ready to go

These type of products have set up there existence in the market and not much has to be done at backend to get output from here.
Example . electronics, masala

Shape/Adapt

These type does not have a good supply chain management and more than 30 percent are lost due to transportation and refrigeration storage.
Example fresh groceries , frozen products, milk products

3.Wait and Watch
These type of products cannot be dealt with ease because of the stringent policies in India , and all states have different rules, VAT so tough to operate for these products in India
Example liquor and medicine

// What about retail related to garment, industry , like pantools, @central and shoppers stop. You should mention something about them also.

Why Boom in India?

Demographics
Rising consumer income
3. Real Estate Developments
4. Better Infrastructure
5. Cheap Labour
That’s why not only Indian players are playing big on retail , International Majors like Walmart and Carefour are eyeing Indian Market.

All sectors are seeing tremendous growth and many retail stores are following that format .
Like Health Sector
Reliance Wellness , Is planning big
Dabur will launch newU
Bare Body Essential at Bangalore
Pantaloon will soon come up with MAC and BodyShop
Fitness One


Advantages of Retail from consumer point of view
1 improved avaibality and quality
2. Maintain variety of products
3. Pleasant cool environment
4. Financing Options payment availability
5. Trail rooms //What is this, are these changing rooms, please remove this point ??
6. Return and exchange policy
7. More welfare for the farmers, as they supply directly to reltailers, without involvement of any middlemen
What about business point of view, are their any advantages ??
1. Volume based revenues



Challenges

1. Does consumer have money for all retails, many malls are empty with very less footfalls a day.
2. Tracking barcodes, more cost and work.
3. Overcrowding at cities, Infrastructure jam parking problems.
4. Cost imperative to make sure logistics is carried out and efficiently, through most appropriate allocation of resource along supply change.
5. IT services and technology advancement which can improve supply like GPS
6. Protest by kirana stores - moble retail example
7. Norm and government policies.

Time around 4:50 mins

questions asked by students
1.What does three Vs stand in retail?
2.What does cash and carry mean in Walmart ?
3.What are different financing options?

3 comments:

Anonymous,  6/2/08 3:42 AM  

thanks for help

Mukkamala 6/2/08 10:24 AM  

Congrats arshad ,,,

i have my MP on 17th and the topic is Retail boom in india,,,i have gone thru ur blog ,can u post the answers for the 2nd and the 3rd Q's askd by the students in ur MP,,,,,,

regards,
Chaitanya ,,,2008 icfai aspirant

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Vocab Power Updated Daily

  • COBBLED - Repair or mend
  • ABHORRENCE - Hate coupled with disgust
  • INCUMBENCY - The term during which some position is held
  • MITIGATE -Lessen or to try to lessen the seriousness or extent of
  • dubious - Open to doubt or suspicion
  • FOSTERING - Encouragement; aiding the development of something
  • ELICIT- Call forth (emotions, feelings, and responses)
  • PLAUSIBLE - Apparently reasonable and valid, and truthful
  • FORGE - Move ahead steadily
  • BOLSTER (V)-Support and strengthen
  • ECCENTRIC- A person with an unusual or odd personality
  • PATRONAGE - The act of providing approval and support
  • IMPERVIOUS - Not admitting of passage or capable of being affected

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