Shoppers stop ltd (ssl) is india’s prominent retail group and a pioneer in the organised retail industry in india from a single store in 1991, the company today is one of the largest chain of department stores in the country. Elements of the retail marketing mix: a study of different retail formats in india saba azeem and rrk sharma indian institute of technology, kanpur (iitk) keywords the size can vary from large to small depending upon the type and category of the product. Food retailers, general merchandise retailers, non store retail formats, services retailing, types of ownership multi channel retailing : meaning, the evolution toward multi channel retailing-franchising : types, advantages, challenges, franchising in india. The term retail organization refers to the basic format or structure of a retail business designed to cater to the needs of the end customer recently, some scholars have started referring to india as a nation of shopkeepers.
The following kinds of retail formats are found in india: mom-and-pop stores: these are generally family-owned businesses catering to small sections of society they are small, individually run and handled retail outlets category killers: small specialty stores have expanded to offer a range of categories they have widened their vision in terms of the number of categories. Types of retail formats in india india is growing at a great pace and the retail sector is also developing with it big indian business houses are entering into retail sector and are adopting various retail formats for their business which are best suited to them. Nykaa, india’s largest multi-brand e-commerce beauty platform opened first of its kind brick & mortar nykaa store at vr mall, whitefield, bangalore this follows in-line with the e-commerce players omni-channel approach to beauty retail. Impact of organised retail outlets on unorganised retailers: a case study of punjab state (india) the most important retail format types are described as a division of pantaloon retail (india) ltd is already india’s biggest retailer in the year 2003-04, it had revenue of rs 65831 crores by 2010 it is.
Supermarkets in india houses varied shops selling different types of essential commodities along with luxury items these supermarkets are mainly concentrated in urban areas or semi-urban areas most of these supermarkets sell branded products of both, domestic and international manufacturers. Formats in indian organized retail sector and its subsequent successful operation is credited to india economic system reform earnest in july 1991 formats in indian organized retail sector is at its nascent stage. Retail formats : retail formats retail formats are types of retailers they are different from each other every format has its own image. This paper help to give information about the journey of retail in india, different formats of retails chains, drivers of the retail industry, and finally the barrier in the growth of indian retail open document click the button above to view the complete essay, speech, term paper, or research paper.
Types of retail outlets department stores in india vishal mega mart comes under discount store merchandise: almost same as department store but at a cheaper price a retail format which sells limited stock in bulk at a discounted rate is called as warehouse store warehouse stores do not bother much about the interiors of the store. Retail formats and classification the evolution of retail in india has led to the emergence of the various formats in the retail industry the first hypermarket that was developed was carrefour in france in 1963this new format gave the customer the choice of picking up a product , comparing it with others and then taking a decision to buy. Classification of retail formats: there are many types of retail formats like discount stores, supermarkets, convenience stores, department stores, etc these retail store formats vary from each other on the basis of their product assortment (product depth and width), price and location. Types of retail formats 1 chain stores: • chain stores are retail outlets that share a brand and central management, and usually have standardized business methods and practices shoppers stop is one of the leading retail stores in india started as a small retail store for silk sarees in chennai by a young man called nalli chinnasami.
Measuring perceived risk for market: segmentation for e-retail format in india faculty contributor: mr ashis mishra student contributors: saurabh sathe and somya arya, pgp 2013-15 abstract the paper addresses to measure the perceived risk for people shopping in the e-retail arena. The corner grocer or the 'kirana' store is a key element in the retail in india there has been a slow spread of retail chains in some formats like super markets, department stores, malls and discount stores factors facilitating viewed by clarke as that type of retail institution which handle a wide verity of. Food retail chain and supermarket evolution in india evolution of food retail chains formats of organized food retail chains in india super centre-large shopping area, sells an assortment of type of family ownership of vehicles working women in the family. An overview of unorganized retail sector in india raghavendra rh phd research scholar, investment in single-brand retail and cash–and-carry formats, a new chapter unfolded in the retail space many to know the reasons why unorganized retail sector in india dominating. The 7 main types of retailers are department store – this type of retailer is often the most complex offering a wide range of products and can appear as a collection of smaller retail stores managed by one company.
Retail formats can be broadly be classified into two types viz, a) store format and b) non-store format store formats: store formats are formats based on the physical store where the vendor interacts with the customer. As a member, you'll also get unlimited access to over 75,000 lessons in math, english, science, history, and more plus, get practice tests, quizzes, and personalized coaching to help you succeed. The last time we spoke of the top 100 quirky start-ups in indianow is the time to show love to the top 100 concept retail stores in india these are the stores that have given the plethora of indian designers and entrepreneurs a much needed platform to showcase their art on.
The changing face of retail adapting to smaller formats and embracing e-commerce may 2015 point of view the changing face of retail adapting to smaller formats and embracing e-commerce 27 21 11 0 -8pathmark-12 2 food and beverage retailers, as well as other types of retailers, adapting to smaller formats and embracing e-commerce. The indian retail sector is still in its nascent stagethe economic liberalisation policies the most important thing to note is that the traditional retail format supports a larger the government allows foreign direct investment in cash-and-carry type business model to the tune of 100 per cent the joint ventures of domestic indian. Direct-to-consumer (dtc) is probably the more commonly known type of ecommerce model as the name implies, dtc involves selling directly to the end customer, through your own website, thus bypassing any middlemen that would normally enter the retail chain.
There are a number of formats in modern retail which emerged over the last century or so and have now become the standard the world over they today rule the roost and have captured the bulk of. Reliance retail has adopted a multi-prong strategy and operates neighbourhood stores, supermarkets, hypermarkets, wholesale cash & carry stores, specialty stores and online stores and has democratized access to all types of products and services across all segments for all indian consumers. Retailing in india is one of the pillars of its economy and accounts for about 10 percent of its gdp the indian retail market is estimated to be us$ 600 billion and one of the top five retail markets in the world by economic value india is one of the fastest growing retail markets in the world, with 12 billion people as of 2003, india's retailing industry was essentially owner manned small.