Retail Sector

RETAIL INDUSTRY IN INDIA

            • RETAIL DEFINATION & MEANING
                • RETAIL FORMATS
                • EVOLUTION OF INDIAN RETAIL
                • RETAIL TRENDS IN INDIA
                • AN OVERVIEW OF INDIAN RETAIL
                • STRUCTURE OF INDIAN RETAIL
                • SIZE OF RETAIL SECTOR.
                • FDI IN RETAIL
                • MAJOR COMPONENTS IN RETAIL
                • FUNCTIONS IN RETAIL OPERATION

RETAIL DEFINITION
The word ‘retail’ is derived from the French word ‘retailer’, meaning ‘to cut a piece off’ or ‘to break bulk’. It includes all the activities directly related to the sale of goods and services to the ultimate consumer for personal or non-business use. In simple terms, it implies a first-hand transaction with the customer
MEANING OF RETAIL
A retailer buys goods or products in large quantities from manufacturers or importers, either directly or through a wholesaler, and then sells smaller quantities to the end-user. Retailing involves a direct interface with the customer & the coordination of business activities from end to end- right from the concept or design stage of a product or offerings, to its delivery & post-delivery service to the customer. The world over the retail sector has grown rapidly with increasing sophistication and modernization of the life-style of households and individuals and with increasing globalisation of trade; India has begun to cater up rather astonishingly rapidly. The industry has contributed to the economic growth of many countries & is undoubtedly one of the fastest changing & dynamic industries in the India and world today.
THE EVOLUTION OF INDIAN RETAIL INDUSTRY

For Indian retailing, things started to change slowly in the 1980s, when India first began opening its economy. Textiles sector (which companies like Bombay Dyeing, Raymond's, S Kumar's and Grasim) was the first to see the emergence of retail chains. Later on, Titan, maker of premium watches,... [continues]

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