Career http://www.ttouch-tteam.co.uk/ in retail beats by dr dre industry The indian retail market is valued at around $400 billion and is growing at a rate of 30% per annum.From 10% of the indian gdp in 2007, it became 12% of gdp in 2009.The organized retail sector is around 5% of the total retail market.The share of organized retail also varies from product to product to a great extent.On one side in footwear, it is around 32%, on the other side in food and beverage it is less than 1%.Organized retail has good share(17% to 18%)In apparel and consumer durables sectors.Home decor and furnishing have 9% share, jewellery has 7% and books,Music, gifts command 13% share of organized retail.Also the growth rate varies across different sectors.Malls vary widely in size from 60, 000 sq ft to 7, 00, 000 sq ft.Besides shopping activities, the malls provide a platform for eating out, entertainment etc.Self service restaurants, cinema halls are very common in indian malls particularly in the tier i cities.Examples of speciality stores arei)Pharmacy: ApolloPharmacy, MedPlus, Trust etc.Ii)Music: PlanetM,Music World etc.Economies of scale)To achieve profitability.The product categories can include both perishable and nonperishable items.A good part of the revenue(Sometimes as much as 30%)Of these stores comes from food and grocery items.These stores have designated subareas for different items like cloth, home furnishing, toys etc.They store limited number of high turnover convenience products(Like food, grocery, personal care items)And charge a little convenience premium.Spencer, reliance fresh beats by dr dre wireless are prominent examples of convenience stores.Higher disposable incomes along with an increase in the number of earning population is the primary reason for high growth rate of the indian retail sector.Also, the exposure to global environment has made a lot of indians aware of organized retail and.Consequently they are adopting the retail habits very quickly.Also the availability of lowcost skilled manpower, particularly for shop floor operations, is another key factor which helps the indian retail companies to expand their operations very fast.The real estate developers are also developing quality retail spaces and are coming out with different cheap dr dre beats solo revenue options suited to retailers.In malls, typical conversion ratios of 20% to 30% have been noticed.Besides, some old policies are obstacles in the path of fast growth of indian retail.Till now, a good number of permits, licences and registration are required for setting up retail stores.A few states have still not amended the apmc act which prevents big retailer or food processing industries from purchasing agricultural items directly from the farmers.The infrastructure of modern retail is not still mature in india.Supply chains, particularly for perishable items, are still in a nascent stage in india.Also more than 60% of organized retail is concentrated in tieri cities.Also a good percentage of people are not still comfortable with the organized retail structure.The foreign company needs to take government approval before starting business in india by specifying the product and product categories they want to sell under the brand.Also any further addition of product / product categories under the brand for selling in india needs government approval.The product also needs to be branded during manufacturing itself. beats by dr dreindustry

Posted by: juyukad742 at 05:54 AM | No Comments | Add Comment
Post contains 530 words, total size 4 kb.