India is one of the fastest growing retail markets in the world, with 1.2 billion people. Recognizing the important role, that, retail sector play in the national economy, the Central and State Governments have taken active steps to promote and foster their growth. The government policy is favorable to FDI in the retailing sector in phased manner so as to avoid opposition to such entry by domestic retailers. These measures have been particularly effective; but many of the problems/Controversy over Indian retail reforms still continues to afflict the retail sectors. Through in the 1990s, India introduced widespread free market reforms, including some related to retails, between 2000 to 2010, consumers in selected Indian cities have gradually begun to experience the quality, choice, convenience and benefits of organized retail industry.
At the same time, a more diverse selection of apparel has become available for consumers, especially with the larger number of Korean firms offering imported fashions. As a result, more and more Korean consumers have been switching from domestic apparel to foreign brands, while they also have shown greater interest in foreign-labeled apparel that is produced locally. In 2002, the total market size of this industry was USD 15.9 billion, up 5.5% over 2001, and it is forecast to grow by 3%, to USD 16.4 billion, in 2003. END SUMMARY MARKET ASSESSMENT A. Apparel Market Profile In 1975, a "ready-to-wear" Korean clothing industry first developed, providing momentum for Korea's emerging domestic fashion/apparel industry.
Retail in India Organized retailing is a decade old industry in India with an overall market share of 3 percent. Currently, the estimated total sales of organized retailers are Rs.175 billion. The sector has witnessed robust growth during the last two years which could mainly be attributed to the establishment of international quality formats modified to suit the Indian purchase behavior; entry of several domestic and international players; development of retail-specific properties; improvement in retail processes and turnaround in operations of some existing retailers. This growth in organized retail is being driven by a number of structural, social, and demographic and macroeconomic factors as well. The increasing globalization of the Indian economy has led to growing exposure to foreign markets resulting in increasing demand for international shopping experience in India.
Sainsbury’s has been expanding its clothing offer to include more trend-led and exclusive items, as well as growing its focus in quality and design with a premium Tu collection and an occasion wear range. The importance of E-commerce. However, this is likely to change due to e-commerce which has taken a different dimension, from e-marketing to online retail. The introduction of e-commerce has indeed tremendously changed the target market for the industry and consumer preference. According to Mintel, online sales of clothing, footwear and accessories are estimated to grow by 17.3% to reach £13.9 billion in 2017, accounting for 24% of all spend in the clothing retail market.
The large growing middle class, liberalization and organized retail sector are the catalysts for growth in packaging (www.indiapackagingshow.com). By 2025, the Indian packaging industry will have an annual turnover of $ 32 billion from the current $ 24.6 billion. The overall turnover of packaging industry is about $ 550 billion in the world scenario where about $ 24.6 billion per annum is the Indian share. The annual growth rate of this sector is about 15 per cent per annum (Natchiappan 2014). Rise of Indian incomes will change the shape of country’s revenue pyramid where about 291 million people will be moving to a sustainable life from the phase of desperate poverty and the middle class population will further increase to 583 million from 50 million which is the current size (Mckinsey report 2007), which will further activate the packaging material consumption and thus, the packaging industry will breed extra.
Increasing demand of premium products: considering the Indian market there is a growth rate of 33% in demand of premium products this tells us the future opportunity & expanding market size of these high range products in the developing nations. Threats in the SWOT analysis of Burberry 1. Competition from the other players: Intense competition from other players like Gucci, Louis Vuitton & Prada having presence worldwide possess serious threat to the existence of
Its ambitious international expansion plan, along with its many opening shops in the domestic market, has boosted the company to a high economic growth. In the Spanish fashion industry, opening new markets is definitely the main strength, which has taken the lead in other sectors of our economy by introducing their brands and products in international markets. (ICEX, 2012) (Appendix 2) 2. MARKET SCREENING AND SELECTION The market screening is an important decision, which should be evaluated carefully as it is based on the failure or success of the company in the foreign countries. It purposes is to allow the retailers to identify the best locations in a large geography to establish their business.
According to NASSCOM reports, the development of IT/ITES sector in India have revolutionised the way the corporate offices are designed. These days, even small corporates in India prefer modern sophisticated arena to traditional cabins. As on May 2014, the number of registered companies in India crossed 13 lakh. The market size of Indian real estate is expected to grow at a CAGR OF 11.2 percent and the total FDI in real estate sector stood at 22.7 dollar billion in
The pharmaceutical industry of India is passing through a transformational stage and to avail the immense opportunities that have opened up globally industry players are organizing themselves. The outlook of the industry remains strong as the sector is set to report impressive growth in the years to come. FACTOR RELATED TO DEMOGRAPHICS Rise in per capita income coupled with population growth and increase in health awareness are some factors which will drive the demand for the pharmaceutical industry domestically. Population growth and improving life expectancy are some of the demographic factors which will drive domestic demand. The population of India is likely to touch 14.11 billion by 2026, according to the Economic survey of 2005-06.
Foreign Direct Investment (FDI) is referred to, as when an investor not only finances a project or enterprise, in a specific country but is also directly involved in the management of it. FDI has been significantly rising worldwide since 1990, increasing from $207.5 billion (16.8%) to $1524.4 (51%) billion in 2011 (Sesric, 2013). This could be as a result of the increasing favourable policies which are directly targeted to FDI in most countries, such as the reduction in trade tariffs and the making of certain currencies convertible, as well as the liberalisation of the businesses environment (IFC & FIAS, 1997). FDI is also seen as a major enhancer in the economic growth of some countries, in which they strive to promote and increase it. This may explain the reason why Singapore received $56.7 billion worth of FDI in 2012 (CogitASIA Staff, 2013).