EVOLUTION OF MODERN RETAIL IN INDIA
Retail : The Evolution… The first phase- Introduction stage The second phase- Growth stage The third phase- Mature stage The fourth phase- Saturation to decline
Weekly Markets Village Fairs Melas Convenience Stores Mom and Pop/Kiranas PDS Outlets Khadi Stores Cooperatives Exclusive Brand Outlets Hyper/Super Markets Department Stores Shopping Malls Traditional/Pervasiv e 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
Informal retailing Sector Typically small retailers. Evasion of taxes Difficulty in enforcing tax collection mechanisms No monitoring of labor laws Formal Retailing Sector Typically large retailers Greater enforcement of taxation mechanisms High level of labor usage monitoring Indian retail Evolution of Indian retail
EVOLUTION OF RETAIL EARLY TRADES Barter System Barter System
MODERN RETAIL SCANERIO EMERGING VARIOUS FORMATS CHANGING LIFESTYLE SCANERIO EMERGING AS A GLOBAL MARKET LIBERLISATION
FACTORS AFFECTING MODERN RETAIL CHANGING CONSUMER TASTE & BEHAVIOUR INCOME OF THE BUYER STRONG ECONOMY MARKET GROWTH MARKET OPPURTUNITIES
INDIA’S SHARE OF WALLET IS SHIFTING AS INCOME RISE
CONSUMER EXPENDITURE IN ORGANISED RETAIL
FUTURE OF RETAIL IN INDIA 2007 END WILL SEE -Us $560m investment for retail expansion naionwide. -Us $560m investment for retail expansion naionwide. -Result in 50 Hypermarkets -Result in 50 Hypermarkets -305large department stores -305large department stores super markets super markets -10,000 exclusive retail showrooms -10,000 exclusive retail showrooms -One third through conversion from multi brand to exclusive outlets. -One third through conversion from multi brand to exclusive outlets.
CONCLUSION