管理學(Management)

The retail sector is projected to show the highest growth in the next five years. The sector is rapidly transforming, with the current players and new-entrants preparing to explore the market. Momentous growth is expected in the organized retail sector due to the rapidly increasing consumer demand and the availability of real estate.

Moreover, thanks to the increase in the reach of media, high disposable income and availability of variety of brands and services, consumers have become more aware and are seeking only the best.
As a result, both brands and their retailers need to expand further in order to provide the right combination of price, product differentiation, experience, and service to consumers.

There are about 200 new malls, 1400 supermarkets, and 400 departmental stores currently under construction in India. Many retailers have made huge investments. Most forecasters say that this sector will reach US$ 500-700 billion by 2012

Over next few years, India will witness many retail businesses gaining critical mass with growth in the industry, driven by the major aspects such as availability of quality real estate, improved mall-management practices and consumers’ bias for shopping in new environments.

Future Concerns:
▪ Mall homogeneity. This can be possibly countered by looking at specialization;
▪ Small inventory turnovers and stock availability make it important for the retailers to enhance their operations.
▪ No integration and coordination in operations of retailers and suppliers. Efficient practices followed in the auto industry can be implemented for efficient supply-chain management.
▪ Lack of supplier responsibility, in terms of delivery schedules and delivering the accurate quantity ordered.
▪ Sales tax laws. Retailers face state level procurement and storage taxes, which lead them to keep higher inventories. VAT has eased this a bit.
▪ Major gaps in areas of supply chain and customer relations, merchandising, facilities management, vendor development: Proactive training is essential for addressing these and other areas.

The Rretailsector thatis sure projected to show thehighest growth in the coming next 1five years. Thesector is rapidly transforming , with the current2 players andnew-entrants preparinge to explore themarket. Momentous gGrowth are is expectedin the organized retail sector; due to the rapidly increasing consumer demand and the availability of real estate.

Moreover,thanks to the increase in the reach of media, high disposable income and availability of variety of brands and services, consumers have become more aware and are seeking only    the best.

As a result,both brands and their retailers need to expand further in order to provide theright combination of price, product differentiation, experience, and service toconsumers.

There are about 200 new malls, 1400 supermarkets, & and 400 departmentalstorescurrently under construction in India3. Many retailers are approachingwithhave made huge investments. Most forecasterssay that this sector shall touch towill reach US$500-700 billion by the year of 42012

Over next fewyears,India will witness many retail businesses gaining critical mass as with growthin the industry expedites, driven by the major aspects such as availability of quality real estate, improved mall-managementpractices and consumers’ preference bias 5forshopping in new environments.

Future Concerns:

▪ No difference among the mallsMall homogeneity6. This can be possibly countered by looking at specialization;

▪ Little Small inventoryturnoversand stock availability measures, which 7make it important forthe retailers to enhance their operations.

▪ Nointegration and coordination in operations of retailers and suppliers.:Efficient practices followed in the auto and auto-component industries industry can be implemented for efficient supply-chain management.;

▪ Lack of supplier responsibility, in terms of delivery schedules and delivering the accurate quantity ordered.;

▪ Ssalestax laws.  :Rretailershave face statelevel procurement and storage taxes8, which leads them toretailer shavingkeep higher inventories. VAT has brought slight eased this a bit.

▪ Major gaps in areas of supply chain and customer relations, merchandising, facilities management, vendor development: Proactive training is essential for addressing these and other areas.

The Rretailsector is rapidly transforming and that is sure projected 1toshow display the its highest growth in the coming next five years. The sector is rapidly transforming , with Thus, the current2 players andnew-entrants are preparinge for the upcoming toexplore the market. Mmomentousmarket gGrowth are is that will result from expectedin the organized retail sector; due to the rapidly increasing consumer demand and the availability of real estate.3

Moreover, thanks Owingto the increased in the reach ofmedia, the abundance of high disposable income, and availability ofa variety of brands and services, consumershave become more ambitious and are seeking only    4the best.

As a resultThus,both brands and their retailers need tomust expandgrow and evolve 5further in order to provide the right combinations of price, product differentiation, experience, and service to consumers.

There are about approximately 200 new malls, 1400 supermarkets, & and 400 departmentalstorescurrently under construction6 in India. Many retailers are approaching withhave made huge investments, and. Most forecasters saystate that thisthe sector shall touch towill reachUSD$ 7500-700 billion by the year of 82012.

Over the next few years, India will witness many retail businesses gainingreach critical mass as with their growth in the industry expedites, driven bythe major aspects such as the availability of quality real estate, improved mall-management practices and consumers’ preference bias 9for shopping in new environments.

FutureConcerns:

▪ No difference among the mallsMall homogeneity10. This can be possibly couldbe countered by looking at with specialization;

▪ Little Small inventoryturnoversand stock availability measures, which 11make it important forthe retailers to enhance their operations.

▪ No integration and coordination in operations of retailers and suppliers operations12.:Efficient practices followed in used by the auto and auto-component industries industry can couldbe leveraged implementedfor efficient supply-chain management.;

▪ Lack of supplier responsibility,13 in terms of delivery schedules and delivering the accurate quantity deliveryordered.;

▪ Ssalestax laws.  :Rretailershave face state level procurement and storage taxes14, which leads them toretailer shavingkeepmaintain15 higher inventories. VAT has brought slight eased this a bit.

▪ Major gaps in areas of supply chain andcustomer relations, merchandising, facilities management, and vendor development: Proactive training isessential for addressing these and other areas.