Retail : Opportunities for Indian companies

In India, an appropriate mix of physical stores and online formats, aided by technology drivers like mobile phones, could be used by companies to create unique retail models that reach out to a wider customer base in shorter times and at lower costs.

Companies in India should seriously consider leveraging existing lines of business into retail formats, whether
through a chain of stores or online sales models. There are ample niche opportunities for companies who wish to enter the retail business and develop unique value propositions for their customers.

"Me ( Re ) - Tailing"

As power moves inexorably from seller to buyer and retailing morphs into “Me-tailing”, retail organizations will need much more than customer centricity and supply chain optimization to achieve high performance.
 
*Stores as we know them will no longer be relevant—many  
 shoppers will never even visit one
 
*Consumers will shop seamlessly across multiple
 channels—and expect to find relevant content on all of them
 
*The lifecycle of products will be significantly shorter, making
 product innovation an even more critical differentiator of
 high performance.
 
*“Fast fashion” will be the de facto industry standard—with
 dramatic consequences for store inventory levels
 
*Supply chains will be optimized across the full product
 lifecycle—right through to disposal
 
*Consumers themselves will help form communities of
 service talent
 
 
* Report of accentur

Retail :- New hot Mkt. places -- Indian Airports

The modernization drive across domestic airports within India have made them very attractive to several lifestyle brands such as Swarovski, Hidesign, Satya Paul , Odyssey, ethos,Fabindia ,!!!! etc, who find a ready audience amongst the high volume of passengers in transit.

Branded Explore, the retail space at T3 Delhi Int. Airport  officialy opening on July 3 , 10 will stock some 20,000 kinds of products and nearly 1,000 brands. It will have stores by fashion and jewellery companies such as Versace Group, Marks and Spencer Group Plc, WH Smith Plc ,


Passenger currently spends less than $3 (Rs138) on average while shopping at Indian airports, according to retail industry estimates. The global average is $15.

Retail :- Cash theft on the rise

According to a report by Retail Systems Research (RSR), retailers are increasingly concerned about workers stealing cash. The survey titled "Loss Prevention 2010: Retailers Battling Shrink in Tough Times" said more than 45% respondents listed theft of cash by employees as one of their top three concerns, which is 13 % more than in 2008. Traditionally employee theft has been the largest portion of the retail crime pie. The report further noted that shoplifting or theft by consumers and gangs is on the rise. The industry is reducing the number of employees in the stores and creating more opportunities for shoplifting and gangs. Further, the recession has led to increased opportunities to re sell discounted stolen items online to bargain-hungry consumers.

Relations in Retail

"Retailing is a uniquely complicated business . It is industry that maintain the closet n most personal relationship with customers, often intersecting there live monthly, weekly or daily basis " is the answer of " Why have so many Retailers failed to go , much less succeed, out side there home mkt. " Thus achieving successful personal relationship is for more challenging when doing it in an alien culture.