gilman final
TRANSCRIPT
COMPREHENSIVE AREA SEMINARTOPIC:- Potential of Organised Retail In India
PRESENTED BY :-MD. GILMAN
4th SEMSIDDAGANGA INSTITUTE OF TECHNOLOGY (TUMKUR)
PGDMS&RC
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 Pop Stores
Finally Manufacturing era necessitated the small stores and Specialty stores
It was a seller market still than this point of time with the limited no of brands available
Barter chain Single brand franchise chain Standalone large store <Chain of large stores And Finally Malls
Economist says that Boom Has Started of Retail due to more spending Capacity of Indians
Emerging of retail started in brief in patterns like changing face of the Indian retail sector
Provide customers with 3 V’s i.e.(. Value, Variety and Volume.)
What is Retail?
“A retail is one who stocks the producers goods and is involved in the act of it to the individual consumer, at the Margin of Profit
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
Retail Sector today is worth of US $ 394 Billion
ORGANISED RETAILING
refers to trading activities undertaken by licensed retailers,
that is, those who are registered for sales tax, income tax,
etc. These include the corporate-backed hypermarkets and
retail chains, and also the privately owned large retail
businesses.
Retailing formats in India
MallsSpecialty StoresDiscount StoresDepartment StoresHyper marts / Supermarkets Convenience Store
Some of the Key Players in Organised Retail
Challenges:
Taxation laws that favor small retailers. Different structure of sales tax in different states. Multi-point octroi collection. Lack of trained workforce. Problems of supply chain and logistics. High cost of real estate. Limited land available at prime locations
ADAVANTAGES:
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.
DISADVANTAGES :
Margins are lowHigh property costPoor InfrastructureExpertise in logisticsCouple of firms in retail sector have
turn over more than Rs 100 cr
Analysis Organized retail growing at estimated 25%
It is expected that retail in India could be worth 175-200 billion by
2016.
2008 – Retail Growth rate – 25-28%, Unorganized and organized retail size – 300 billion
Opening 10 to 15 outlets by 2015, it plans to employ about 5,000 people selling groceries, consumer goods, fruits and vegetables. India's retail industry is worth 300bn
E.g : Bharti has invested 60 Billion with the largest retail Wal- Mart (last year)
OPPORTUNITIES FOR THE ORGANIZED RETAIL SECTOR IN INDIA
India’s booming economy is a major source of opportunity. It is the third largest in the world in terms of purchasing power. India is the second fastest growing major economy in the world.
India's huge population has a per capita income of Rs 44,345.
The proportionate increase in spending with earnings is another source of opportunity.
Increasing instances of Double Incomes in most families coupled with the rise in spending power.
CONCLUSION There is very huge potential for the growth of organized Retailing
in India.
By following some of the strategies it can rise tremendously and can reach each and every nock and corner.
Open communication should be established between functional departments.
A balance should be maintained between brand building and promotion. Non-marketing factors like gas prices, weather etc. Huge Scope for Development
Competitive Market
Organized retail is fast growing at a rate of 30% Per Year
Greater opportunity for employment
BIBLIOGRAPHY
Business worldwww.businessworld.in www.google.com
Thank you …