evolution of retail in india
TRANSCRIPT
Evolution of Retail in India
People exchanged services and goods for other services and goods in return
Phase 1 :
Phase 2 :
Phase 3:
India using airbus, mobileTab, pc, laptop etc Huge change in our life
Metro rail way Mars Orbiter MissionMissile man
Change to modern India
Always have a vision and a clear goal before taking the next step.
Start every day with a challenge, this will keep you motivated
Take risks and learn from your own experienceYou cannot worry too much about the faults
you've done in the past, move on. To achieve great things in the future
Knowledge is lost without putting it into practice
Strategic Planning
1980 ‘s Organised retailing in India slowly began
Among the first companies were Bombay Dyeing, Raymonds, S kumar’s and Grasim.
TITAN: A market of premium watches that successfully
created an organised retailing concept in India` by establishing a series of elegant showrooms .
Overview
Size of retail industry The Indian retail market is currently estimated
at USD 600 billion,(2020 expected $1 trillion)
Food segment contribution largest part of total value of retail market.
Expected in the year of 2018, India will 12th
largest luxury retail market in the world.
Retail has become largest source of employment.
Why increasing
Effective forecasting Strong balance sheetStock controlMarket position Creating system in retail Hiring right employees Good marketing Customer service
Key success factors for the industry
Low growth consumer marketsUnable to control cost Wrong price imageSupply chain disruptions
Failure to respond, shifting consumer behaviour
E-commerce
Risk for retail sector
Digital IndiaInnovative and also creative
Less time, Youth wants employment Go for Win win retail sector .....
Conclusion