By bringing a large number of manufacturers and consumers together at a single point, retailers make it possible to sell the products and to do their business. India's retail and logistics industry gives employment opportunities to 40 million Indians which amounts to 3.3 per cent of the total Indian population. Worth of Indian Retail Industry is USD 270 billion and it is growing at the rate 13 per cent per annum. Among this, organized retail share is 4.6 per cent which amounts to USD 12.42 billion. Notable fact is that 85 per cent of the India’s urban retail market is focused
Development of malls: The establishment of malls has increased dramatically and funds for such products are being earmarked for non metros as well. Improvement in Retail Operating Efficiencies: Existing retail players are taking steps to improve the internal operations of their businesses and are implementing ERP and planning support systems. Improving Profitability and Retail Revenues: Most of the retail players in the country are experiencing improved profitability, which is also expected to improve their credit profile in the industry. Major retail players having prominence in the organized retail market include Shopper's Stop Limited, Pantaloon Retail (India) Limited, Trent Limited etc.
• Registered members will be provided with various promotional offers. Conclusion Technology has become the order of the day. Small to large industries have adopted technology to improve and enhance their business opportunities. This step towards e-business is a great futuristic approach by the Express Avenue Management team. A proper implementation of this strategy would be the most cost effective way for the mall to increase its customer base and have a positive impact to its bottom line.
By the same time, the organized sector will be 20% of the total market share. It can be mentioned here that, the share of organized sector in 2012 was 7.5% of the total retail industry. Major Retailers in India Pantaloon: Pantaloon is one of the biggest retailers in India with more than 450 stores across the country. Headquartered in Mumbai, it has more than 5 million sq. ft retail space located across the country.
It is a process through which goods are transported to final consumers. In other words, retailing consists of the activities involved in selling directly to the ultimate consumer for personal, non-business use. It embraces the direct-to-customer sales activities of the producer, whether through his own stores by house-to-house canvassing or by mail-order business. 2.2. Evolution Of Indian Retail Industry : Retailing is one of the largest
As an illustration, "Rising Urban Stars" cities such as Las Vegas, Dubai, and Cape Town are offering abundance of flourishing careers in service businesses like banking and entertainment that help the city to evolve (Foroohar, 2006). Another way for the city to expand is developing the technology. According to Foroohar, “areas with high-tech or "knowledge based" industries like finance--witness the renaissance of New York and London, and the explosion of growth in Shanghai or Hong Kong.” (2006, para.5). Cities with high technology bloom swiftly where the bankers become wealthier, salaries become higher, and the cost of real-estate soared (Foroohar, 2006). A third possible way for a city to develop is through expanding the city’s economy.
40). The firm is any business such as a sole proprietorship, partnership or corporation. Therefore business firms supply product that the households want or need. The money that flows from households to firms is consumption spending by the households and it is revenue for the business firm. The product was produced by the business flows from the business firm to the households are in a form of sales by the business firm and purchased by the household to consume.
Recommendations to achieve a sustained competitive advantage: Online, mobile, and store purchase will certainly increase customer traffic with the online and store combinations gives Target Corporation with a best possible low-cost price. A best-cost provider strategy allows Target to position itself and compete with low-cost providers such as Walmart. In addition, it employs a competitive strategy with a designer label along with superior supply chain, increased operational capabilities, and skilled employees. . The strategy of sending coupons are huge for a customer, so increase discount based on their purchase history and use the store brand credit card to attract more customers.
There has been a huge growth of internet shopping across UAE and it does reflect the convenience which has been portrayed by implementing this trend across the region. Constant growth and development of science and technology has helped corporations in deliver products and services online and it helps customers in shopping with just a single click. Prominence of E-commerce in UAE E-commerce has certainly added more spice to the already thriving economy of the UAE. The use of online shopping and credit car... ... middle of paper ... ...Language but such modifications in chosen language will increase the use of E-commerce among traditional traders and consumers Conclusion The major reason behind the fact that why the technology of E-commerce has gained so much popularity in UAE is because it facilitates various businesses to effectively converse with each other for the purpose of carrying out the business transactions with each other, anytime and anywhere.
Retailing plays a very big role in most marketing channels. Each year, retailers account for more than $4.5 million of sales to final consumers. India has the largest number of outlet in world i.e. 9 outlets for 1000 people. Most of them are independent and contribute to the retail sales.