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Retail Sector

Retail sectors include all activities involved in selling goods or services directly to consumers. Retailing connects consumers to manufacturers and is organized by service levels. Retail has evolved from barter systems and hawkers to include kirana stores, specialty stores, and major retailers. India's retail sector contributes 10% to GDP and is growing at 27% annually. Factors attracting major players include the success of early retailers, hype from consultants, a shift from manufacturing to services, and leveraging existing property. Organized retail is growing and changing consumer buying patterns in India.

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Utkarsh Sethi
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62 views

Retail Sector

Retail sectors include all activities involved in selling goods or services directly to consumers. Retailing connects consumers to manufacturers and is organized by service levels. Retail has evolved from barter systems and hawkers to include kirana stores, specialty stores, and major retailers. India's retail sector contributes 10% to GDP and is growing at 27% annually. Factors attracting major players include the success of early retailers, hype from consultants, a shift from manufacturing to services, and leveraging existing property. Organized retail is growing and changing consumer buying patterns in India.

Uploaded by

Utkarsh Sethi
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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RETAIL SECTORS

Introduction
 Retailing includes all activities involved in selling
goods or services directly to final consumers for
personal, non-business use.

 As such retailing is the last link that connects the individual


consumer with the manufacturing and distribution chain.

 Selling Directly to consumer selling in smaller units / quantities the


bulk.

 Very high numbers near to neighborhood

 Reorganized by the service levels


Evolution of Retail
 Barter System was known as the first form of retail.

 As time passed currency was exchanged with goods


and services.

 Hawkers carried out the first Retailing in Push


Carts

 Followed by Kirana Stores …….. Mom and Popup


Stores

 Finally Manufacturing era necessitated the small


stores and Specialty stores
Types of retailers
1. Store retailer
2. Non Store retailer
3. Retail Organization
Major retailers
Retail and India
 The sector is on a high growth trajectory
and is expected to grow by more than 27
per cent over the next 5 to 6 years
 Retail is one of India’s largest industries,
contributing to about 10 per cent of the
GDP and providing employment to 8 per
cent of the nation’s workforce
Factors that attracted major industry
players to enter the retail sector
 Phenomenal success of certain players in retail sector
Eg: Shopper’s Stop

 Hype created by management consultants and media

 Phenomenal growth of service sector and down turn in


manufacturing sector

 A good way to leverage existing property

 Eg: Primals started developing Crossroads after closing


of Roche factory they have acquired on prime property
in Mumbai
Features
 Largest and fastest growing sector in India.

 Modern retailing forms one point stop for all shopping.

 Consumer gets a large product variety of brands to


choose from one roof.

 First it was a sellers market and now its changing to


buyers market.

 By 2010 Indian retail sector would be generating 10


million employment opportunities.
Changing phase
Conclusion
 Summing it up ,Organized retail in India is on a high
growth trajectory and is expected to grow by around 27
per cent per annum in the next 5-6 years.

 a drastic change in the consumer buying patterns as


well. People now have high pay packets, and moreover
have larger disposable income and thus high spending

 After the significant growth of the organized retail in the


metros, Tier 2 cities are the next and the biggest
untapped market

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