WHAT IS RETAIL? Retailing consists of business activities involved in selling goods and services to consumers for there personal, family or household use. It includes every sale of products to the final consumer. It is the last stage in the distribution process.
India’s Retail Market Strength- $350 billion.
Organized Retail Strength in the country-$8. billion.
Annual Rate of growth for organized retail-30%.
Amount likely to be invested in the sector in the next 5 years- $412 billion.
Retail Industry’s share in GDP – 13%.
Retail accounts for 6% of the workforce.
Top Retail Players of the World US TESCO GERMANY METRO AG US THE HOME DEPOT FRANCE CARREFOUR S.A US WAL MART COUNTRY OF ORIGIN COMPANY
Major Retail Players of India
Pantaloon Retail India Ltd. (PRIL)
Shopper’s Stop Ltd.
Trent India Ltd.
Books & Music Store
Cash & Carry
In & Out Convenience Store Metro Cash & Carry Cross Words Books & Music Store Subhiksha, Koutons Discount Store Central Seamless Mall Home Town, Home Stop Home Furnishing Food Bazaar, Spencer’s Super Market Big Bazaar, Spencer’s Hypermarket Pantaloons, Shopper’s Stop, Westside Department Store Brand Name Existing Format
Pantaloon Retail Performance
Total Turnover – Rs.3,550.35 Crore
Total Sale – Rs.3,236.73 Crore
Total Profit – Rs.119.99 Crore
Future Scenario of Retail in India
Indian retail industry expected to be around US$ 427 billion by 2010.
Indian retail market will grow by 40% between 2007-2010.
Organized retail will increase upto 15%-20%
600 million plus-effective customers by year 2010.
2.5 million job opportunity in retail industry by year 2010
600 new malls are expected to come in 2007. Creating 68 million sq. ft. of mall space