retail 2.0
DESCRIPTION
the Next Wave in INDIAN RetailTRANSCRIPT
April 12, 2023 Graduate School of Business & Administration
Retail 2.0 The next
wave
Presented by---
SHRIVAR PANDEY
April 12, 2023Graduate School of Business & Administration
Content
Definition,What is new in Retail 2.0,Impact of Retail 2.0, SWOT Analysis,Conclusion.
April 12, 2023Graduate School of Business & Administration
Definition
Retail 2.0 environment where the retail store really has all the benefits of an online store.
Like web 2.0, the second phase of Retail revolution is likely to operate on different paradigms which are-
Identifying unconventional competent brands.Redesigning operational malls.Understanding the consumers.Focus on increasing footfalls.Deferring new investment and changing new design.Building merchants.Prepare for FDI.
April 12, 2023Graduate School of Business & Administration
New in Retail 2.0
Close look on competent and profitable retails which stayed away from the party, waiting and watching until malls become cheaper or them.
Focus on that community which have attention in the stores.
Keep footfalls steadily growing throughout the year.Redesigning atriums to be non air-conditions.Reducing excavation costs by providing on-ground
parking.Eliminating high maintenance facades and
replacing them with energy efficient designs.
April 12, 2023Graduate School of Business & Administration
Contd…
Reducing the number of floors to ground plus two at most.
Providing for greater design flexibility from the onset.
Focus on that merchants who like Entrepreneurs, will be able to trade effectively.
Focus on FDI.
April 12, 2023Graduate School of Business & Administration
Impact of retail 2.0
It help to reduce gaps between organised retail share of wallet of the Indian consumer spend.
Reduce inefficienciesImprove the brand mix and increase the
conversions.
April 12, 2023Graduate School of Business & Administration
Contd…
Add tremendous value by providing better consumer insights to retailers and developers.
Emotional connection with the consumers.This will bring an approximate 2,000 fresh
retailers into the organized fold every year.Increase in FDI.
April 12, 2023Graduate School of Business & Administration
SWOT ANALYSIS
April 12, 2023Graduate School of Business & Administration
STREGTH
Successful organized retailers today work closely with their vendors to predict consumer demand, shorten lead times, reduce inventory holding and ultimately save cost.
More calculative approach.High bargaining power.Government support.
April 12, 2023Graduate School of Business & Administration
WEAKNESSES
More space is needed.It is seen that actual conversions of
footfall into sales for a mall outlet is approximately 20-25%.
A stand-alone store has a ROI (return on investment) of 25-30%; in contrast the retail majors are experiencing a ROI of 8-10%.
April 12, 2023Graduate School of Business & Administration
OPPERTUNITY
About 2,000 fresh into organized fold every year.
Inflow of FDI in retail sector.The Indian middle class is already 30 Crore &
is projected to grow to over 60 Crore by 2010 making India one of the largest consumer markets of the world.
Organized retail is only 3% of the total retailing market in India. It is estimated to grow at the rate of 25-30% p.a. and reach INR 1,00,000 Crore by 2010.
April 12, 2023Graduate School of Business & Administration
THREATS
Shopping Culture.Competitor.
April 12, 2023Graduate School of Business & Administration
CONCLUSIONS
It is vital that the current malls turn around and become true retail destinations.
In such scenario, it becomes vital for developers, retailers and consultants to work together to come up with solutions that will deliver results to the marketplace.
The greatest area of collaboration lies in ensuring that the future of organised retail is free from the mistakes of past experiments.
April 12, 2023Graduate School of Business & Administration
Contd…
Remove the excess flab and shape the body of the future.
April 12, 2023Graduate School of Business & Administration
Thank you for your time....