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The rRetail sector is rapidly transforming and that is sure tois projected to show display its highest growth in the coming five years. Thus, The sector is rapidly transforming , with the current players and new -entrants prepare are preparing to explore marketfor. the upcoming mMomentous market growth that will result from Growth are expected in the organized retail sector; due to the rapid increaaesing consumer demand and the availability of real estate.1

 

Moreover thanksOwing to the increased in reach of mediaa, the abundance of high disposable income, and a availability of variety of brands and services, consumers have become more more ambitious and
aware and areonly seeking onlyseek the best.
2
Thus

As a result , both brands and their retailers needto must expand grow and evolve further in order to provide the right combinations of price, product differentiation, an experience, and service to consumers.

 

There are about approximately 200 new malls, 1400 supermarkets, and & 400 department stores currently under construction in India . Many retailers are approaching with ahave made huge investments, and. Most forecasters say state that this the sector shaltouch towill reach USD$ 500-700 billion by the year of 2012.

 

Over next few years, India will witness many retale retail businesses gainingreach critical mass as growth in thewith their growth in the industry expedite, driven by the major aspects such as availability of quality real estate, improved and mall-management practices, and consumers preference bias for shopping of in new environments.

Future Concerns :

§  No difference among the Mmalls homogeneity.
This can be possiblycould be countered by looking atwith specialization
      3
.;

§  Little Small inventory turnovers and stock availability measures which make it important for the retailers to enhance their operations.;

§  No integration and coordination of operations of retailers and supplier operationss.: Efficient inventory practices followed on the auto and auto-componentused by the auto industry      4 could be ies can implementedleveraged for efficient supply-chain management.;

§  Lack of supplier responsibility, in terms of delivery schedules and delivering the accurate quantity delivery.y ordered;

§  Ssales tax laws : retailers have face state- level procurement and storage which taxes, which lead thems to retailers havingmaintain higher inventory. VAT has brought slight ease;eased this a bit.

§  Major gaps in areas of supply chain and customer relations, adopted by merchandising, facilities management, and & vendor development. P: proactive training is essential for addressing these and other developmental areas.

Explanations

The Retail retail sector that is sure projected to show its highest growth in the coming next five years. The sector is rapidly transforming , with the current players and new -entrants prepare preparing to explore the market. Momentous gGrowth are is expected in the organized retail sector; due owing to the rapidly incraesingincreasing consumer demand and availability of real estate.

 

Moreover thanksOwing to the increased in reach of mediaa, the abundance of high disposable income, and a availability of variety of brands and services, consumers have become more aware and are seeking only the best.

As a result , both brands and their retailers needto must expand further in order to provide the right combinations of price, product differentiation, an experience, and service to consumers.

 

There are about approximately 200 new malls, 1400 supermarkets, and & 400 department stores currently under construction in India . Many retailers are approaching with ahave made huge investments, and. Most forecasters say state that this the sector shaltouch towill reach USD$ 500 1 -700 billion by the year of 2012.

 

Over next few years, India will witness many retale retail businesses gaining critical mass as growth in the industry expedite, driven by the major aspects such as availability of quality real estate, improved and mall-management practices, and consumers preference bias for shopping of in new environments.

 

Future Concerns :

 

§  No difference among the Mmalls homogeneity.
This can be possibly countered by looking at specialization.;
      2

§  Little Small inventory turnovers and stock availability measures which make it important for the retailers to enhance their operations .;       3

§  No integration and coordination of in operations of retailers and suppliers.: Efficient inventory practices followed on the auto and auto-componentused by the auto industry       4 ies can implemented for efficient supply-chain management.;

§  Lack of supplier responsibility, in terms of delivery schedules and delivering the accurate quantity delivery.y ordered;

§  Ssales tax laws : retailers have face state- level procurement and storage which taxes, which lead thems to retailers havingmaintain higher inventory. VAT has brought slight ease;eased this a bit.

§  Major gaps in areas of supply chain and customer relations, adopted by merchandising, facilities management, and & vendor development. P: proactive training is essential for addressing these and other developmental areas.

Explanations

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