146911 633694115995883750 (2)

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Business News & Politics

Global Retail Industry 3.5 3.2 1.8 0.7 % share of Organized retail 9.1 7 3.3 1.1 Organized Retail (US$ Billion) 260 225 180 150 Total Retail (US$ Billion) 2006 2005 2002 1999

Top 10 Retailers World Wide USA France USA USA Netherlands Germany USA USA USA USA Wal-Mart Stores Carrefour Group The Home Depot, Inc The Kroger Co. Royal Ahold Metro AG Target Corporation Albertson’s,Inc. Sears, Roebuck and Co. Kmart Corporation Home Country Retailer

Evolution of Retailing ,[object Object],[object Object],[object Object]

Evolution of Retailing ,[object Object],March Hyderabad Jewellery store Allukas March Mumbai Retail food & grocery store Spinach (From WFRL) March Chennai 22000 sq.ft Landmark March Chennai Fashion outlet Raymond March Kunnur Fashion outlet Raymond March Chennai 7500 sq.ft Lifestyle Month City Particulars Store

Indian Retail Scenario At A Glance ,[object Object],[object Object],[object Object],[object Object],[object Object]

Indian Retail Scenario At A Glance ,[object Object],[object Object],[object Object]

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Share of Organized Retailing in Countries 10% China 15% South Korea 25% Indonesia 35% Phillippines 40% Argentina 40% Brazil 50% Thailand 50% Malaysia 70% Western Europe 80% USA Share of Organized Retailing Country/Region

Organized Retailing in India (2006) 3% Home 3% Books, Music & Gifts 13% Durables 18% Food & Grocery 2% Health & Beauty (including services) 3% Mobile handsets & accessories 7% Jewellery & Watches 9% Footwear 39% Clothing, Textiles &Fashion accessories INR 28,000 crore Organized retail

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Customer Buying Behavior is the study of individuals and the processes they use to select, secure, use, and dispose of products, services, experiences, or ideas to satisfy needs and the impacts that these processes have on the consumer and society. Customer behavior is increasingly a part of strategic planning for the future investment and growth of any industry. Retail industry or precisely to say apparel industry is no exception.

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The Company is an integrated fashion company with presence across key segments within the fashion industry i.e. design to distribution. Company’s business has been designed to capture the trend of consumers getting more attuned to fashion and brand preferences. We have a portfolio of fashion brands that cover the entire gamut of sub-categories including formal menswear, casual wear, active or sportswear, women’s ethnic wear, women’s denim wear, women’s casual wear, footwear and accessories and are present across various price points.

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The Indian Retail Industry is divided into Organized and Unorganized Sectors. Traditional markets are making way for organized formats such as Departmental Stores, Hypermarkets, Supermarkets and Specialty Stores. Indian Retail Industry contributes over 10% of the country’s GDP. Strong income growth, changing lifestyles, and favorable demographic patterns, suggest that by 2020, the Modern Retail Industry in India will be worth US$ 275-400 billion. This study was undertaken, considering three competitive Retail Chain Outlets, Big Bazaar, Reliance Fresh and Marks Spencers, to evaluate the consumers’ opinion and preferences towards these outlets. The study also highlights the pros and cons of the outlets considered and the level of satisfaction compared to the Local Retail Outlets.

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With the emergence of supermarkets, kirana stores have been depleting day by day. Government is in the grave situation to decide whether to allow 50% FDI or not in the retail sector. There are certain retail outlets such as Walmart, Metro which are better in quality, cheaper in rates, and offering a range and variety of products under one roof. These malls have entered in India but they are into cash and carry business only and not in the multi brand retail sector. Many of them have entered through joint ventures. If government allow them to enter in India, it can be said that all the small shops and kirana stores will not be able to stand in the market. They cannot compete with them. Now the question arise how the kirana stores can be saved from these big giants in the market. It is the need of the hour today to save these kirana stores because in a developing country like India where the income of an average man is low, such types of small business can make them able to earn their living. The present research is an attempt to find out the weaknesses of kirana stores as compared to the malls and to find out the solutions for the betterment of the stores. The research is conducted on various kirana stores in Punjab. The study identifies the problems being faced by kirana merchants such as recovery of credit, inventory management, goodwill in terms of quality, low space, and lack of variety etc. But during the research it has been found out that there are certain areas where these kirana stores have an edge over the market such as emotional attachment with the customer, to fulfil the timely need of credit of the customer, easy availability etc. It is concluded that both kirana stores and malls are important to the Indian economy. FDI is important for the growth of the economy but it should come for the rescue of the existing business and not as a threat. Secondly government intervention is seeked to make improvements in the functioning of the kirana stores. If kirana stores starts using their strategic advantages to the optimum level, they can make can make their existence strong in the market.

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