This document provides an overview of the retail industry in India. It discusses what retail is, the impact of retail on the economy, and career opportunities in retail. It then discusses the Indian retail landscape in more detail, including key statistics on the population, household income growth, urbanization, and consumer spending trends. It outlines the classifications of organized and unorganized retail in India. It also discusses the challenges facing the retail industry in India and how foreign direct investment could help address some of these challenges. Finally, it provides examples of the types of career opportunities available across different functional departments at a typical retail organization.
A brief overview of Indian Retail Industry where a efforts have made to touch base the facts the figures.
The industry is getting a buzz for all the good reasons, all the giants along with few tiny players are checking their luck, this presentation was created to let interested people understand what Retail industry is, where it was and some future prospects too.
A brief overview of Indian Retail Industry where a efforts have made to touch base the facts the figures.
The industry is getting a buzz for all the good reasons, all the giants along with few tiny players are checking their luck, this presentation was created to let interested people understand what Retail industry is, where it was and some future prospects too.
FDI or Foreign Direct Investment is a self explanatory term well sort of. In a layman’s language it refers to any monetary investment that is made by an entity in business if any kind on foreign shores.I'am sure this presentation will help you to understand FDI better .
With the emergence of supermarkets, kirana stores have been depleting day by day. Government is in the grave situation to decide whether to allow 50% FDI or not in the retail sector. There are certain retail outlets such as Walmart, Metro which are better in quality, cheaper in rates, and offering a range and variety of products under one roof. These malls have entered in India but they are into cash and carry business only and not in the multi brand retail sector. Many of them have entered through joint ventures. If government allow them to enter in India, it can be said that all the small shops and kirana stores will not be able to stand in the market. They cannot compete with them. Now the question arise how the kirana stores can be saved from these big giants in the market. It is the need of the hour today to save these kirana stores because in a developing country like India where the income of an average man is low, such types of small business can make them able to earn their living. The present research is an attempt to find out the weaknesses of kirana stores as compared to the malls and to find out the solutions for the betterment of the stores. The research is conducted on various kirana stores in Punjab. The study identifies the problems being faced by kirana merchants such as recovery of credit, inventory management, goodwill in terms of quality, low space, and lack of variety etc. But during the research it has been found out that there are certain areas where these kirana stores have an edge over the market such as emotional attachment with the customer, to fulfil the timely need of credit of the customer, easy availability etc. It is concluded that both kirana stores and malls are important to the Indian economy. FDI is important for the growth of the economy but it should come for the rescue of the existing business and not as a threat. Secondly government intervention is seeked to make improvements in the functioning of the kirana stores. If kirana stores starts using their strategic advantages to the optimum level, they can make can make their existence strong in the market.
FDI or Foreign Direct Investment is a self explanatory term well sort of. In a layman’s language it refers to any monetary investment that is made by an entity in business if any kind on foreign shores.I'am sure this presentation will help you to understand FDI better .
With the emergence of supermarkets, kirana stores have been depleting day by day. Government is in the grave situation to decide whether to allow 50% FDI or not in the retail sector. There are certain retail outlets such as Walmart, Metro which are better in quality, cheaper in rates, and offering a range and variety of products under one roof. These malls have entered in India but they are into cash and carry business only and not in the multi brand retail sector. Many of them have entered through joint ventures. If government allow them to enter in India, it can be said that all the small shops and kirana stores will not be able to stand in the market. They cannot compete with them. Now the question arise how the kirana stores can be saved from these big giants in the market. It is the need of the hour today to save these kirana stores because in a developing country like India where the income of an average man is low, such types of small business can make them able to earn their living. The present research is an attempt to find out the weaknesses of kirana stores as compared to the malls and to find out the solutions for the betterment of the stores. The research is conducted on various kirana stores in Punjab. The study identifies the problems being faced by kirana merchants such as recovery of credit, inventory management, goodwill in terms of quality, low space, and lack of variety etc. But during the research it has been found out that there are certain areas where these kirana stores have an edge over the market such as emotional attachment with the customer, to fulfil the timely need of credit of the customer, easy availability etc. It is concluded that both kirana stores and malls are important to the Indian economy. FDI is important for the growth of the economy but it should come for the rescue of the existing business and not as a threat. Secondly government intervention is seeked to make improvements in the functioning of the kirana stores. If kirana stores starts using their strategic advantages to the optimum level, they can make can make their existence strong in the market.
Modern Database Management 12th Global Edition by Hoffer solution manual.docxssuserf63bd7
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2. What is Retail?
☐ The word retail is derived from a
French word retaillier meaning to cut
off a piece or to break bulk.
☐ Retailing can hence be considered as
the last stage in the movement of
goods/ & services to the consumer
3. Retail Philosophy — “By The People,
For The People and Of The People”
❑ Retailing involves selling products and
services to consumers for their
individual or family use.
❑ As the final link between consumers
and manufacturers, retailers are a
vital part of the business world.
❑ Retailers add value to products by
making it easier for manufactures to
sell and consumers to buy.
5. India – Retail Perspective
Overview
☐ Population of 1.21 billion people
☐ India will rank no 1 in population
by 2030
☐ Domestic Private Consumption-
60% of GDP growing at 7.7%
6. India – Retail Perspective
Overview…
☐ Household Annual Income CAGR
■ 1-5lakhs-9%
■ 5-10 lakh- 12%
■ Above 10 lakh- 15%
☐ 50% of population is below 24 years
☐ 62% population in working age group
☐ Household size reduced from 5.57-5.08
☐ Urban household size reduced – from
4.79 – 4.77
7. India – Retail Perspective
Overview…
☐ Plastic money spend growing at CAGR
26%
☐ Rate of urbanization in last 10 years –
2.7% total 27.7%
9. Indian Retail-An Overview
☐ Second largest industry after
agriculture- Rs.2,23,572 crore
☐ GDP contribution-10%
☐ Contribution to employment-8%
☐ Overall retail growth-16%
☐ Organized retail growth-26.8%
☐ Organized retail penetration -8%
10. Indian Retail-An Overview…
☐ 2nd largest growing economy
☐ 3rd largest economy in terms of GDP
☐ 4th largest economy in PPP
☐ Rated among top 10 FDI
destinations
11. The Changing Indian Consumer
☐ The urban consumer
■
■
Getting exposed to international lifestyles
Inclined to acquiring asset
■ More discerning and demanding than ever
Internet Explosion
☐
☐ No longer need-based shopping
■ Shopping is a family experience
☐ Changing Mindset
■
■
Increasing tendency to spend
Post Liberalization children coming of age
☐ 100 mn 17-21 year olds*. Tend to spend
☐
freely.
Greater levels of education
12. Retail Realities: Beyond Urban
Boundaries
☐ 638,691 villages
☐ 128 million households
☐ 3 times the urban population
☐ 41% of Indian middle class and 58%
of the total disposable income
☐ ITC’s e-choupal, HUL’s
project Shakti
14. Unorganized Retail in India
☐ Currently captures 92% of total retail
market
☐ Mainly a family owned business
☐ Mostly mom-pop stores
☐ Consumer familiarity-USP
☐ Low cost structure
☐ Very low real estate and labor
cost
☐ Low taxes to pay
15. Weekly Markets
Vi lage Fairs
Melas
Convenience Stores
Mom and Pop/Kiranas
PDS Outlets
Khadi Stores
Cooperatives
Exclusive Brand Outlets
Hyper/Super Markets
Department Stores
Shopping Ma ls
Traditional/Pervasive
Reach
Government
Supported
Historic/Rural
Reach
Modern Formats/
International
Evolution of Indian retail
Source of
Entertainment
Neighborhood
Stores/Convenience
Availability/Low
Costs /Distribution
Shopping
Experience/Efficiency
16. Industry Evolution
☐ Traditionally retailing in India can be traced to
■
■
The emergence of the neighborhood ‘Kirana’ stores
catering to the convenience of the consumers
Era of government support for rural retail:
Indigenous franchise model of store chains run by
☐
☐
☐
☐
Khadi & Village Industries Commission
1980s experienced slow change as India began to open
up economy.
Textiles sector with companies like Bombay Dyeing,
Raymond's, S Kumar's and Grasim first saw the
emergence of retail chains
Later Titan successfully created an organized retailing
concept and established a series of showrooms for its
premium watches
The latter half of the 1990s saw a fresh wave of entrants
with a shift from Manufactures to Pure Retailers
17. Industry Evolution…cont…
■ For e.g. Food World, Subhiksha and Nilgiris in food
and FMCG; Planet M and Music World in music;
☐
Crossword and Fountainhead in books.
Post 1995 onwards saw an emergence of shopping
centers,
■
■
mainly in urban areas, with facilities like car parking
targeted to provide a complete destination
experience for all segments of society
☐
☐
☐
Emergence of hyper and super markets trying to provide
customer with 3 V’s - Value, Variety and Volume
Expanding target consumer segment: The Sachet
revolution - example of reaching to the bottom of the
pyramid.
At year end of 2000 the size of the Indian organized
retail industry was estimated at Rs. 13,000 crore
18. Stages of Lifecycle of Industry
☐ Introduction:
■
■
■
■
■
Country that has just entered GRDI
Retailers plan their entry strategies
India in 1990s
Kazakhastan in 2007
Lasts for around 10 years depending on the
market attractiveness
■ Example: African markets
☐ Strategy suggested:
■ A rapid penetration strategy: low price, high
promotion, limited distribution, advertises for
awareness
19. Stages of Lifecycle of Industry..
☐ Growth:
Market is developing quickly and is also ready
for modern retailing
Retailers have a good chance of long term
success
Retailers should enter through local
representation, sourcing offices and new stores
Lasts for approx. 15-25 years
■
■
■
■
■ Example: Indian market
☐ Strategy suggested: strength against
competitor, stronger distribution channel,
shift of advertising from product awareness
to product preference
20. Stages of Lifecycle of Industry..
☐ Maturity:
■ Market is still big and growing but the space for
new entrant will become tighter
■ Margins for error is thin
■ Competition from international retailers
■ Generally lasts for 5-10 years
■ Example: South Asian markets
☐ Strategy suggested: enter new market
segments and innovative products and
offers
21. Stages of Lifecycle of Industry..
☐ Decline:
■
■
■
Window of opportunity is closing fast and
organised retail is at 40 to 60 percent
Existing retailers can enter through discount
formats or non food formats such as consumer
goods and apparels
Lasts for around 5 to 10 years before reaching
saturation
■ Example: Developed country markets
☐ Strategy suggested: identify weak
segments, maintaining investment levels
selectively, controlled advertising
22. Challenges In The Industry
☐ Low domestic competition
■ Because of fragmented nature of industry
☐ Lack of exposure to global best practices
■ Low entry barriers for unorganized
retailing
■ Moderate entry barriers for organized
retailing
☐ Wholesale system under-invested leading to
20-40% wastage
☐ Non level playing field issues
■ Wide differences in treatment of small and
large retailers
23. Challenges In The Industry…
☐ Real Estate low Availability and high cost
☐ Supply Chain Inconsistency
☐ Poor Infrastructure
☐ Lack of Skilled Manpower
☐ Complex tax Structure
☐ Heavy Stamp Duties
24. FDI in Indian retailing
☐ Current Indian FDI Regime
■ FDI is now permitted in retail trade sector:
☐ Private labels – 100%
☐ Single Brand Retailers – 100%
☐ Multibrand Retailers – 51%
25. Why FDI?
☐ Improve competition
☐ Develop the market
☐ Greater level of exports due to increased
sourcing by major players
■
■
■ Sourcing by Wal-Mart from China improved
multifold after FDI permitted in China
Similar increase in sourcing observed for Metro
in India
Provides access to global markets for Indian
producers
26. Why FDI?...
☐ Investment in technology
■
■
■ Cold storage chains solve the perennial problem of
wastage
Greater investment in the food processing sector
technology
Better operations in production cycle and distribution
☐ Better lifestyle
■
■
■
■
■
Greater level of wages paid by international players
usually
More product variety
Newer product categories
Economies of scale to help lower consumer price
Increased purchasing capacity of consumers
27. Careers In Retailing
Career opportunities in Retailing is extremely dynamic, some idea can be
gathered knowing:
•Pantaloons plans to hire 7000 people in the next 2 years
•Shopper’s Stop plans to take 3000 people in the next 3 years
•Reliance retail is expected to take 42,000 people in the next 2-3 years
•500 people are required to man a single mall
•250 malls expected to be functional in the next 5 years
28. Careers In Retailing….
Retail organization can be divided into various functional departments, to
understand this clearly let us look at a organization chart of a typical
retailer:
Aditya Birla Pantaloon Retail
29. Careers In Retailing….
☐ Operations:
■
■
■
■
■
■
Zonal managers
Area managers
Store managers
Asst. Store managers
Floor managers
Department managers
☐ Category management
■
■
■
■
Category managers
Buyers
Asst category managers
Asst. Buyers
☐ Information Technology
■
■
Software development managers
Hardware maintenance managers