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Retail Scenario In INDIA & Global

DEV GOLA BBA 1st Sem of #JIMSVKII has given a brief description of the Retail Scenario in INDIA & GLOBAL in the slide share. For More Query Call us on 09990474829, 011 61199191 Visit us at https://www.jimssouthdelhi.com/ Follow us on: Facebook: https://www.facebook.com/JIMSVASANTKUNJII/ Twitter: https://twitter.com/jimsljptweets Instagram : : https://www.instagram.com/jims_vk2/?hl=en YouTube : https://www.youtube.com/channel/UCZgioa2rpculDY7bHlljD6g Blog: https://jimssouthdelhi.com/blog/ Linked In: https://www.linkedin.com/in/jims-vasant-kunj-38785a85/

Retail Scenario In INDIA & Global

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RETAIL SCENARIO
In
INDIA & Global
A Presentation By Dev Gola BBA 1st Sem JIMSVKII
“Ideas are no one’s
monopoly. Think big, Think
fast, Think ahead.”
— Dhirubhai Ambani,
Reliance Industries
Contents
1) MEANING
2) IMPORTANCE
3) FUNCTIONS
4) RETAILING IN INDIA
5) GLOBAL RETAIL SCENARIO
6) WHAT ARE THE TRENDS IN INDIAN RETAILING
7) FACTORS INFLUENCING THE GROWTH OF RETAIL
8) IMPACT OF LIBERALIZATION
Retailing, the selling of merchandise and certain
services to consumers.
It ordinarily involves the selling of individual units or
small lots to large numbers of customers by a
business set up for that specific purpose.
In the broadest sense, retailing can be said to have
begun the first time one item of value was bartered
for another.
Retailing began several thousand years ago when
peddlers first began hawking their wares and when
the first marketplaces were formed.
WHAT IS RETAILING ?
IMPORTANCE OF RETAILING
Final link in the distribution
of goods
The Wholesalers & Manufacturers
are not able to reach whole Market.
It falls upon the retailer to create place
utility and ensure that the goods are
distributed throughout a
wide market and reaches all consumers. 
01
Personalised Selling Efforts
 There are certain goods that require
personal selling. The manufacturer is
not there to sell the product, that
responsibility falls on the retailers. They
use personal selling techniques to realize
the sale.
02
Advertising and Promotions
Retailers will even help manufacturers
and wholesalers with their promotions
and advertisements. Retailers will
frequently take part in promotional
activities, put up advertisements of the
product inside their shops, run offers,
discounts etc.
04
Source of Market Information
Retailers are the only ones in
direct contact with the final
consumers on a daily basis. They
collect the feedback from the
consumers & give the information
to the Maufacturers about the
Market
03
FUNCTIONS OF RETAILING
Small manufacturers can
use retailers to provide
assistance with transport,
storage, advertising and
pre-payment of
merchandise.
Holding Stock
Retailers also offer the
service of holding stock for
the manufacturers.
Retailers maintain an
inventory that allows for
instant availability of the
product to the consumers.
Breaking Bulk
The word “RETAIL” comes
from FRENCH which means
‘to cut a piece off’. Retailer
reduces the cost of
transportation & Mediator
cost
Channel of Communication
Retailers also act as the
channel of
communication and
information between the
wholesalers or suppliers
and the consumers.
Transport and
Advertising Functions
Ad

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Retail Scenario In INDIA & Global

  • 1. RETAIL SCENARIO In INDIA & Global A Presentation By Dev Gola BBA 1st Sem JIMSVKII
  • 2. “Ideas are no one’s monopoly. Think big, Think fast, Think ahead.” — Dhirubhai Ambani, Reliance Industries
  • 3. Contents 1) MEANING 2) IMPORTANCE 3) FUNCTIONS 4) RETAILING IN INDIA 5) GLOBAL RETAIL SCENARIO 6) WHAT ARE THE TRENDS IN INDIAN RETAILING 7) FACTORS INFLUENCING THE GROWTH OF RETAIL 8) IMPACT OF LIBERALIZATION
  • 4. Retailing, the selling of merchandise and certain services to consumers. It ordinarily involves the selling of individual units or small lots to large numbers of customers by a business set up for that specific purpose. In the broadest sense, retailing can be said to have begun the first time one item of value was bartered for another. Retailing began several thousand years ago when peddlers first began hawking their wares and when the first marketplaces were formed. WHAT IS RETAILING ?
  • 5. IMPORTANCE OF RETAILING Final link in the distribution of goods The Wholesalers & Manufacturers are not able to reach whole Market. It falls upon the retailer to create place utility and ensure that the goods are distributed throughout a wide market and reaches all consumers.  01 Personalised Selling Efforts  There are certain goods that require personal selling. The manufacturer is not there to sell the product, that responsibility falls on the retailers. They use personal selling techniques to realize the sale. 02 Advertising and Promotions Retailers will even help manufacturers and wholesalers with their promotions and advertisements. Retailers will frequently take part in promotional activities, put up advertisements of the product inside their shops, run offers, discounts etc. 04 Source of Market Information Retailers are the only ones in direct contact with the final consumers on a daily basis. They collect the feedback from the consumers & give the information to the Maufacturers about the Market 03
  • 6. FUNCTIONS OF RETAILING Small manufacturers can use retailers to provide assistance with transport, storage, advertising and pre-payment of merchandise. Holding Stock Retailers also offer the service of holding stock for the manufacturers. Retailers maintain an inventory that allows for instant availability of the product to the consumers. Breaking Bulk The word “RETAIL” comes from FRENCH which means ‘to cut a piece off’. Retailer reduces the cost of transportation & Mediator cost Channel of Communication Retailers also act as the channel of communication and information between the wholesalers or suppliers and the consumers. Transport and Advertising Functions
  • 7. Indian Retail Evolution:- ❖ Upto 1990 – Dominated by Neighborhood Kiranas ❖ 2000-2006 – Prominence of Modern Retail ❖ 2007-2020 – Online-led Retail Growth with the Promise Of Technology & INDIA become a New Retail Ecosystem RETAILING IN INDIA
  • 9. GLOBAL RETAIL SCENARIO Transactions take place through various channels of distribution across an ever-growing range of industries, such as food, motor vehicles, apparel, and electronics. Many retailers operate an omnichannel model, which aims to integrate offline and online channels in a seamless way. In 2019, the global retail market generated sales of nearly 25 trillion U.S. dollars, with a forecast to reach close to 27 trillion U.S. dollars by 2022.
  • 10. ✔ Contactless engagements ✔ Growth in select sub-sectors ✔ Digital as a platform ✔ Personalized Products ✔ E- Pharmacy ✔ Direct to Consumer (D2C) ✔ Increased investments in home nesting TRENDS IN INDIAN RETAILING
  • 11. HEALTH & EDUCATION FOOD LIFESTYLE & APPAREL A STATISTICS ABOUT HOW MUCH RETAIL SECTOR EARNED OTHERS
  • 12. FACTORS INFLUENCING THE GROWTH OF RETAIL 1. Growth of middle class consumers: In India the number of middle class consumer is growing rapidly. With rising consumer demand and greater disposable income has given opportunity of retail industry to grow and prosper. 2. Value for money: Organized retail deals in high volume and are able to enjoy economies of large scale production and distribution. They eliminate intermediaries in distribution channel. 3. Emerging rural market: Today the rural market in India is facing stiff competition in retail sector also. The rural market in India is fast emerging as the rural consumers are becoming quality conscious 4. Entry of corporate sector: Large business tycoons such as Tata’s, Birla’s, and Reliance etc. have entered the retail sector. They are in a position to provide quality products and entertainment. 5. Entry of foreign retailers: Indian retail sector is catching the interest of foreign retailers. Due to libralization multinationals have entered out country through joint ventures and franchising. This further is responsible for boosting organised retailing.
  • 13. IMPACT OF LIBRALIZATION ❖ As per the reports of the Asian Development Bank, the Indian economy as a whole is expected to grow at 2,701 Billion U.S. Dollars ❖ The liberalization is intended to ease and quicken the process for foreign players proposing to set up wholly owned single brand retail operations in India ❖ Overall increase in FDI inflows into the country. ❖ Government of India has, however, opened up the real estate sector allowing 100% of FDI in construction projects. ❖ FDI improve the Food Supply Chain & Infrastructure Backend Cost