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The Indian retail is dotted by traditionally market place called bazaars or haats comprises
Organised retailing refers to trading activities undertaken by licensed retailers, that is, those who are registered for sales tax, income tax, etc. These include the corporate-backed hypermarkets and retail chains, and also the privately owned large retail businesses. Unorganised retailing, on the other hand, refers to the traditional formats of low-cost retailing, for example, the local kirana shops, owner manned general stores, paan/beedi shops, convenience stores, hand cart, etc
The contribution of retail industry to Indias GDP is more than 13%. Indian retail industry (organized as well as
unorganized) spreads over more than 6 million outlets (2.4 million urban and 3.6 million in rural).
As much as 96 per cent of the 6 million-plus outlets are smaller than 500 square feet in area. Just over 8 per cent of Indias population is engaged in retail (compared to 20 per cent in the United States).
The BMI India Retail Report for 2010 says that the
total retail sector is approximately US$ 353 billion.
India's retail sector is estimated to touch US$ 833 billion by 2013 and US$ 1.3 trillion by 2018.
Bangalore is witnessing an all time high demand in commercial and retail real estate.
Food and beverages sector Hyper markets- Mac Donald's, tgif, Costa coffee, brand calculus etc. Local and regional dining chains. Other formats TREND OF RETAIL 2010 Stable market New brands and more expansion
Momentum 2009 continues in 2010 with high streets leading the way for retailers.
Government initiatives are further to this growth in Bangalore. Private builders and corporate bodies are being promoted and encouraged by the government.
CONCLUSION
REAIL BOOM IN EVERY NOOK AND CORNER Fastest growing market in India
As the sector is booming a career in retail sector promises good wages and growth potential for the ambitious youngsters. There is a big demand for the retail management professionals to process all merchandise shipments, to achieve store sales and profitability, administration of stores as well as communication with the clients to satisfy
them.
With rapidly expanding departmental stores and huge shopping malls, plenty of job opportunities are opening all over India. An estimated growth rate in retail sector in India has been about 30-40% with establishment of more than 200 shopping malls. It is estimated that the retail sector will create over 13 million jobs throughout the country by 2012. More than 60% of these jobs will be available in the rural areas
PUNE
RETAIL
Rental space accounts nearly 5million Sq.ft. Population of Pune is approximately 3.5
KOLKOTA
RETAIL
Having n number of options to cut their costs like labor cost, operational cost etc Major contributor of Kolkata retail industry
Unorganized to organized Amplifying cost(rent, labor, operational) Deployment of advance technologies(computer, CC TV camera, software)
Healthy competition
Change in consumer preference
CHENNAI
RETAIL
Lack of quality supply continues to challenge the growth of these high streets. Market stabilizing.
HYDERABAD
RETAIL
In the next two years thousands of jobs will be generated in this Hyderabad Retail sector.
Overall, the Hyderabad Retail Business Sector has large opportunities for prospective business persons. With in the Hyderabad retail sector generating
fair profits, it would be beneficial for investors to tap it exactly in the manner in
which they want. List of retail sectors in Hyderbad...:
City Centre
CMC Secundrabad Desires Shopping Arcade Ellite Pearas Shopper
IMAGE BUSINESS CENTRE LIFES TYLE INTERANTIONAL PVT. LTD. MEENA BAZAR SHREE MAHAVEER BAZAR
M P M MALLS PANTALOON
TEXO EXCLUSIVE
WESTSIDE
Sectors with High Growth Potential: Certain segments that promise a high growth are o o o o o Food and Grocery (91 per cent) Clothing (55 per cent) Furniture and Fixtures (27 per cent) Pharmacy (27 per cent) Durables, Footwear & Leather, Watch & Jewellery (18 per cent).
* Fastest Growing Formats: Some of the formats that offer good growth potential are:
o o o o o Specialty and Super Market (45 per cent) Hyper Market (36 per cent) Discount stores (27 per cent) Department Stores (18 per cent) Convenience Stores and E-Retailing (9 per cent)
Tripathi
He felt
inflows.
MUMBAI
RETAIL
The traditional high street destination MumbaiLinking Road witnessed the opening of a number of new stores such as CK, FCUK, Adidas Essentials, Guru, Maple Technologies etc.
rentals.
The
market
sentiments
improved
with
the
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