Retailing in India – An analytic viewAuthor: Sunita Chopra , S.K.S. Yadav
Abstract:
The Indian retail industry is now beginning to evolve in the line with the
transformation that has swept other large economies. It witnesses tremendous
growth with the changing demographics and an improvement in the quality of life
of urban people. The growing affluence of India’s consuming class, the emergence
of the new breed of entrepreneurs and a flood of imported products in the food and
grocery space, has driven the current retail boom in the domestic market. The
concept retail which includes the shopkeeper to customer interaction, has taken
many forms and dimensions, from the traditional retail outlet and street local
market shops to upscale multi brand outlets, especially stores or departmental
stores. Though at this moment, it is still premature to say that the Indian retail
market will replicate the success stories of names such as Wal-Mart stores,
Sainsbury and Tesco but at least the winds are blowing in the direction of growth.
Hence, we focus on two aspects of retail marketing i.e., Store Retailing and Non-
Store Retailing. Store Retailing as the departmental store, which is a store or
multi brand outlet, offering an array of products in various categories under one
roof, trying to cater to not one or two but many segments of the society and
Nonstore Retailing as the direct selling, direct marketing, automatic
vending. Therefore, this concept of retail marketing through departmental stores,
which is coming up in a big way in India was decided to be studied in detail,
through an exploratory and conclusive research. The objective being to assess the
various parameters that influences a buyer to visit or shop at departmental store
thereby contributing to its turnover (in terms of sales and profits) hence leading to
its overall success.
Keywords:FMCG Companies, Organized retail, Store Retailing, Non- store
Retailing, Discount Formats, Catalog Showroom, Mall Culture
DOI:
International Journal of Trade & Commerce (Vol: 3 Issue:2)
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