A Nation of Shopkeepers ?
Will India still remain a nation of shopkeepers ?
http://http://www.euromonitor.com/Retailing_in_India_A_nation_of_shopkeepers
The Retail industry is overwhelmingly unorganised. That makes it lucrative for organised retail formats to enter and rake in the moolah. Organised retail, at 2 per cent, is expected to reach 10 per cent by 2010 — over $20 billion. But will that come easy ?
How will consumers respond to large retail formats ?
Will the consumer sacrifice convenience of a nearby 'kirana' shop to shift his hosehold purchases to a large format retail store ?
Can Large format retail players operate with efficiencies that result in sustained low pricing ?
The Indian Retail space is up for quite a few battles.
Ref :
http://www.etretailbiz.com/mar2003/cover.html
http://www.hindu.com/2003/12/07/stories/2003120700621300.htm
http://money.cnn.com/2007/02/06/news/companies/retailindia_setback/index.htm
http://http://www.euromonitor.com/Retailing_in_India_A_nation_of_shopkeepers
The Retail industry is overwhelmingly unorganised. That makes it lucrative for organised retail formats to enter and rake in the moolah. Organised retail, at 2 per cent, is expected to reach 10 per cent by 2010 — over $20 billion. But will that come easy ?
How will consumers respond to large retail formats ?
Will the consumer sacrifice convenience of a nearby 'kirana' shop to shift his hosehold purchases to a large format retail store ?
Can Large format retail players operate with efficiencies that result in sustained low pricing ?
The Indian Retail space is up for quite a few battles.
Ref :
http://www.etretailbiz.com/mar2003/cover.html
http://www.hindu.com/2003/12/07/stories/2003120700621300.htm
http://money.cnn.com/2007/02/06/news/companies/retailindia_setback/index.htm
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