Premium Essay

Retail Industry

In: Business and Management

Submitted By saurabhsinghh
Words 16163
Pages 65
Malls and Hypermarkets: Perspectives of Contemporary Shopping

CHAPTER – 1 INTRODUCTION

18
School of Management Studies, Punjabi University, Patiala

Malls and Hypermarkets: Perspectives of Contemporary Shopping

1.1

INTRODUCTION
The last decade has witnessed dynamism in Indian retail sector. Various urban areas have been at the center of attraction with emergence of different kinds of organized retail formats gaining momentum. It is largely due to rising income, increasing purchasing power, credit facilities, changing pattern of consumer behaviour and increased consumer awareness. Retailing has emerged as one of the most important sectors of Indian economy beyond the 90s. A large number of retail model retail formats have come in force offering a wide spectrum of merchandise and services. The professional orientation and incorporation of various technology–enabled softwares has offered these retailers better customer relationship management, merchandise offering, store atmosphere and inventory management. There’s a flurry of activity as a revolution sweeps through small town India, with intimidating Malls, Hip stores, looming Hypermarkets & hangouts mushrooming all over the place, apart from a perceptible lifestyle change, breathing fire into these cities (Agarwal, 2006). And it is happening not just in one or two cities, but across all major Tier – II & III cities of India, and in a spectrum of sectors – booming real estate, malls, multiplexes and cinemas, global majors setting up plants and offices, sprawling IT hubs, SEZs and much more. More & more corporate houses including large real estate companies are coming into the retail business, directly or indirectly, in the form of malls and shopping centres. New formats like hyper markets and large–discount–no–frills supermarkets have started influencing the traditional looks of the bookstores,...

Similar Documents

Premium Essay

Retail Industry

...m BUSINESS PROCESS AUTOMATION IN RETAIL The retail industry is facing sweeping and unprecedented change. Customers’ expectations grow higher, economic pressures require them to do more with less, and each day new competitors appear. Responding to that rapid pace of change, retailers tell us, is both their biggest challenge and their biggest opportunity. Retailers who can adapt to change can make intelligent, fast decisions; find new markets to exploit; and constantly improve their products, services, and operations. But retailers don’t have a switch to flip that turns them into supersmart, super-adaptable businesses. Hoping to find that switch, they often turn to technology, looking for some magic to help them navigate a changing business environment. However, technology by itself is not the solution. Any discussion about generating a positive impact for the business should first center on how to empower people with effective solutions that deliver results. A “connected retailer” not only leverages a flexible, economical technology platform that drives results, but also focuses primarily on its greatest asset: people empowered by the right solutions to act on the right information at the right time. To enable your organization’s people assets to extend their potential through the use of software, Microsoft delivers agile and adaptive solutions for business process automation (BPA)....

Words: 1899 - Pages: 8

Premium Essay

Retail Industry

...Retail sales posted another disappointing month in February, albeit one that was in line with expectations. Total retail sales rose 0.2%mth to be up 2%yr. That followed a 0.3% gain January. While the two months is an improvement on the flat finish to 2011, trend sales growth continues to moderate and is now tracking at just 0.1%mth, an annualised pace of 0.9%yr. With population growth at around 1.5%yr and retail price inflation running at 1.5%yr in trend terms, the pace...

Words: 4182 - Pages: 17

Premium Essay

Retail Industry Success

...From the e-Activity, develop an ideal leadership profile for the industry. Provide specific examples to support your response. The industry I chose to develop an ideal leadership profile on is the retail industry. There are several very successful retail companies that I feel don’t do enough to encourage advancement to all associates. Whether you are hired at a retail store as a cashier or an assistant manager, all opportunities should still be the same. As a result, I’ve chosen Reward Power to create my ideal leadership profile. Reward Power is an individual’s ability to influence others’ behaviors by providing them with valued things. (Hellriegel/Slocum, 2011) Therefore, great leaders within retail stores and especially larger companies should be trained to recognize and reward that associate who has the drive and determination to be more. I do strongly believe the associate should have the right educational background to fill certain positions but do think so form of career growth should still be encouraged. They should focus on how to keep great associates within and not lose them to competitors. For example, during my e-Activity research I found that retail giant Walmart is one of the world’s largest companies and the job opportunities there are unlimited. Although, Walmart has been known to offer associates within a chance to build and advance a lifelong career....

Words: 421 - Pages: 2

Premium Essay

Indian Retail Industry

...OVERVIEW India is the fifth largest retail market globally, with a size of INR 16trn, and has been growing at 15% per annum. Organized retail accounts for just 5% of total retail sales and has been growing at 35% CAGR. Though the journey has so far been rather mixed, organized retail is being tipped as one of the biggest gainers from growing consumerism and rising income. India’s robust macro and microeconomic fundamentals, such as robust GDP growth, higher incomes, increasing personal consumption, favourable demographics and supportive government policies, will accelerate the growth of the retail sector. 1) Learning from the Past: During2005-2007, the sector was in a hyper growth phase. In pursuit to capture market, companies made strategic as well as operational errors which has been broadly classified as follows: I .Race for increasing retail space resulting in haphazard growth ii. Unviable formats iii. High lease rentals iv. Manpower costs and productivity issues v. Poor back end infra structure vi....

Words: 3256 - Pages: 14

Premium Essay

Retail Industry Profile

...CHAPTER-2 INDUSTRY & COMPANY PROFILE INDUSTRY PROFILE Indian retail scenario The retail scenario is one of the fastest growing industries in India over the last couple of years. India retail industry comprises of organized retail and unorganized retail sector. Traditionally the retail market in India was largely unorganized; however with changing consumer preferences, organized retail is gradually becoming popular. Unorganized retailing consists of small and medium grocery store, medicine stores, sabzi mandi, kirana stores, paan shops etc. More than 90% of retailing in India fall into the unorganized sector, the organized sector is largely concentrated in big cities. Organized retail in India is expected to grow 25-30 per cent yearly and is...

Words: 892 - Pages: 4

Premium Essay

Retail Industry Profile

...RETAIL INDUSTRY PROFILE Apparel Retail in Singapore Reference Code: 0116-2005 Publication Date: December 2010 www.datamonitor.com Datamonitor USA 245 Fifth Avenue 4th Floor New York, NY 10016 USA t: +1 212 686 7400 f: +1 212 686 2626 e: usinfo@datamonitor.com Datamonitor Europe 119 Farringdon Road London EC1R 3DA United Kingdom t: +44 20 7551 9000 f: +44 20 7675 7500 e: eurinfo@datamonitor.com Datamonitor Middle East and North America Datamonitor PO Box 24893 Dubai, UAE t: +49 69 9754 4517 f: +49 69 9754 4900 e: datamonitormena@ datamonitor.com Datamonitor Asia Pacific Level 46, 2 Park Street Sydney, NSW 2000 Australia t: +61 2 8705 6900 f: +61 2 8705 6901 e: apinfo@datamonitor.com Singapore - Apparel Retail © Datamonitor. This profile is a licensed product and is not to be photocopied 0116 - 2005 - 2009 Page 1 EXECUTIVE SUMMARY EXECUTIVE SUMMARY Market value The Singaporean apparel retail industry grew by 5.4% in 2009 to reach a value of $1.9 billion. Market value forecast In 2014, the Singaporean apparel retail industry is forecast to have a value of $2.6 billion, an increase of 36.8% since 2009. Market segmentation I Womenswear is the largest segment of the apparel retail industry in Singapore, accounting for 48.6% of the industry's total value. Market segmentation II Singapore accounts for 0.7% of the Asia-Pacific apparel retail industry value....

Words: 7234 - Pages: 29

Premium Essay

Retail Petroleum Industry Report

...Minor Assignment Report Introduction The following report will examine the 4 elements of the marketing mix and their relevance and importance within the retail petroleum industry. The marketing mix elements are often referred to as the 4 p’s of marketing and are product, price, promotion and place (Solomon, et al. 2011, p. 21). These 4 elements are the building blocks of an effective marketing strategy and are useful in gaining an understanding of marketing in the retail petroleum industry. This report will deal with each of these elements individually and discuss how the macro and micro environments of the retail petroleum industry in Australia affect the way marketers approach these 4 elements. Reference will be made to texts, industry reports, and an internet news article. These references will help to provide a complete understanding of the implications of the marketing mix on this industry. Product A product is ‘a tangible good, service or idea that satisfies consumer or business customer needs through the exchange process’ (Solomon, et al. 2011, p. 11). Products can be referred to as having three levels. These levels are the actual, the core and the augmented product (Solomon, et al. 2011, p. 22). An actual product is the tangible good or service that delivers the desired benefit to a customer. In the retail petroleum industry we have a number of actual products that are offered to customers....

Words: 1664 - Pages: 7

Premium Essay

Organized Retail Industry – India

...Organised Retail Industry – India Indian organised retail market is only about 8% of the total domestic retail market. It is expected that this sector will grow to about 20% in the next 8 to 10 years. This is a huge opportunity area for any company with a good financial capacity and market knowledge. [pic] Major portion of the existing market share is with Indian companies with a few Joint Ventures of global giants. FDI policies of India have not been very conducive to the entry of global retailers like TESCO & Wal-Mart. While the current government has increased FDI investment to 51%, it has also put in conditions of minimum $100 million investment and split of investment in front & backend operations. Main political opposition parties have made their intentions clear on reversing trends in FDI, if they gain power in upcoming elections. On a very broad level, PESTEL & five forces analysis will indicate that the global giants will need strong local partner to enter the Indian organised retail market to offset policy restrictions and political uncertainties. Strength of these global giants have evolved best practises in major work processes and logistics design for managing a wide spread retail business. In conclusion: Best strategy is to leverage the strengths of global giants and build a business that has inherent competitive advantage....

Words: 256 - Pages: 2

Premium Essay

Monopolistic Competition in the Retail Industry

...For example, in the cell phone retail industry “apple iPhone is just 11.7% of the market, while android dominates with an 84.7%,” according to Business Insider. The second implication is price. Each firm only holds so much of the market share and can only manipulate price by so much within the industry. However, through advertising, one company can...

Words: 986 - Pages: 4

Premium Essay

Training and Development in Retail Industry

...Process of Training and Development in Retail Sector In Executive Summary Training & Development process in retail sector is mainly a planned activity which is carried in Organization. It plays very important role in retail sector to develop employee skills & knowledge to sale product. It has been practiced more nowadays in retail sector because of modern technology & changing standard of living among customers. Main aim of training & development is to make employee perform well, especially Sales Executive, there is a need for constant training and development programme. The right employee training, development and education provides big payoffs for the employer in increased productivity, knowledge, loyalty, and contribution to general growth of the firm. Investment in training and development entails obtaining and maintaining space and equipment. It also means that operational personnel, employed in the organization’s main business functions, such as production, maintenance, sales, marketing and management support, must also direct their attention and effort from time to time towards supporting training development and delivery However, investment in training and development is generally regarded as good management practice to maintain appropriate expertise now and in the future. Retail Sector is emerging as a first light industry in India and is presently the largest employer after agriculture....

Words: 9678 - Pages: 39

Premium Essay

Analysis of Canadian Retail Industry

...Technology The retail shopping industry can use technology to gain competitive advantages over others who don't invest in it. In the retail industry we have seen how walmart has been a leader in supply management because of their investments in information technology. Retail companies usually will have buying power over the suppliers because their purchases are a big part of the suppliers sales. In the retail industry, some companies like walmart use RFID tags and smart tags to help manage their inventories and many more are starting to embrace these technologies. The use of these technologies can help them know which items are getting low on stock and have the system automatically make an order for more to the suppliers, therefore reducing shortages or overstocking costs. It provides a complete goods delivery control from manufacturer to consumer, the ability to track the movement of goods from the warehouse to the sales area, the shelf life of each item, fast inventory and expiry date control are all advantages of these technologies. With better coordination, the suppliers will have more consistent manufacturing processes which will lower their costs, and pass some of the savings on to those companies and eventually the customer. It is also important for retail companies to have an online presence. some such as the bay and Walmart already offer an online shopping experience to their customers as well....

Words: 1191 - Pages: 5

Premium Essay

Title Ice Cream Industry Retail Industry

...A Project Study On Retail Strategy REVIEW OF LITERATURE ICE-CREAM INDUSTRY AND VIEW AND PEOPLE FOND OF ICE-CREAM OCCASINONLY USE BEST FOR DESSERTAION RATIONALIZE SCOPE HOW STUDY HELP US TO DO ACADEMIC RESEARCH A RESEARCH STUDY HELPS US TO STUDY THE BRAND COMPANY , ORGANIZED OR UNORGANIZED SECTOR . THE BRAND IMAGE SO,S IT MAKES COMPETITION IN THE MARKET AND EARN MARKET BY RETAIL STARTEGY WHICH STARTEEGY USE FOR SUCCESS. WHOARE THE TARGET MARKET. WHO ARE THE LOYAL CUSTOMER. HOW THEY MAKE CUSTOMER RELATION SHIP. IF THEY MAKE THE EFFICIENT INVENOTRY MGMT. AND CUSTOMER RELATION. IF SUCCESS FUL FACTOR IF FORMAT THEN WHICH TYPE OF FORMAT THEY ARE USING \HOW MUCH MARGIN THEY GET ? GIVE SUGGESTION TO THE A FIRM. DISCUSS THE STRATEGY THEY CAN MAKE IN FUTURE. TALK ON THE 8 P’S OF THE COMPANY. WHICH MAKE THE COMPANY PROFIT AND BRAND IMAGE OR COMPANY UNSUCCESSFUL IN WHICH AREA. WHICH STRATEGY THEY MAKE FOR SUCCESSFUL. OBJECTIVES OF THE STUDY THE PURPOSE OF THE RESEARCH STUDY IS (1) WHY A FIRM /COMAPANY HAS SUCCESSFUL IN THE MARKET BY PROFITABILITY , BRAND IMAGE (2) IF NOT SUCCESSFUL THEN GIVE BETTER SUGGESTION FOR RETAIL STRATEGY THE METHOD THE OBJECTIVES CAN ACHIEVE THROUGH INDEPTH INTERVIEW WITH THE OWNERS, OUTLETS AND FIND OUT THE DIFFERICIATION EACH STORE. AND WE STUDY THE PRODUCT AND DIFFERNET OUTLETS. DIFFERENT FORMATS OF EACH SECTOR. DIFFERENT STUDY OF EACH COMPANY AND SEGMENT....

Words: 361 - Pages: 2

Free Essay

Monopolistic Competition: Retail Industry

...New York Apartment Price Controls – An Article Review Rent controls began in New York City in November 1943, when rent for all units in the city were frozen at their March 1943 levels as part of the U.S. Emergency Price Act of 1942 (Gyourko & Linneman, 1990). The price controls were altered by Federal Housing and Rent act of 1947, exempting units built after February 1947 from all future controls; New York City continued to price control rent on virtually all apartments constructed prior to 1947 (Gyourko & Linneman, 1990). Only about 1.8% of New Yorkers actually enjoy the securities of rent controlled apartments, 45.4% do live in rent stabilized accommodations where landlords are prohibited from increasing rates by a certain percentage each year (Pittman, 2013). The debate over rent control has been a long controversy; many argue that rent control is far too restrictive and that it makes apartment hunting almost impossible for many (due to the low supply in “affordable apartments”). The price ceilings set in place have been beneficial in terms of making living more affordable, but it also has created other problems. Tenants under controlled rent often stay longer, even it is deemed to be unsuitable for their living situations (ex: expansion in family) simply because it is affordable. Because tenants stay longer, it makes vacancy at certain controlled prices much harder for those who are living in unregulated accommodations (Pittman, 2013). As......

Words: 663 - Pages: 3

Premium Essay

Comment on the Retail Industry in Hong Kong

...How do you comment on the retail industry in Hong Kong, and how do you see yourself in playing a part in contributing into this sector?* EXECUTIVE SUMMARY Economic performance stands still in 2014 The Hong Kong retail business saw a stagnant performance in 2014 compared to that of 2013. This may be attributed to several internal and external factors which had an impact on economic conditions. The continual effect of anticorruption policy laws in China and its policy on shopping tours to Hong Kong is tightening the spending propensity of Chinese tourists, who are one of the key source markets driving retail growth. In addition, domestic spending softened in 2014 adding to the slow performance of retailing. Expansion plans are put on hold by most retailers Hong Kong retailing rental prices have continued to soar, coupled with demand for shop fronts in prime locations by both luxury and international players. The majority of retailers have held back their expansion plans to avoid incurring hefty costs. They are counteracting this situation by exploring online channels and mobile platforms, and revamping existing outlets combined with creative and loud marketing activities in stores. Retailers have also spotted the potential opportunities of allocating their resources to New Territories districts instead....

Words: 701 - Pages: 3

Premium Essay

Growth and Challenges of Retail Industry in India: an Analysis

...This paper focused on changing face of Retail Industry, organized or unorganized retail industry, major players in retail industry and also highlights the challenges faced by the industry in near future. www.indianresearchjournals.com KEYWORDS: Retail, Industry, Major Players. ______________________________________________________________________________ Indian Retail Industry India’s Retailing Boom has acquired further momentum,...

Words: 4929 - Pages: 20