million-th customer at its new store in Gurgaon 2004 Big Bazaar wins its first award and national recognition. Big Bazaar and Food Bazaar awarded the country’s most admired retailer award in value retailing and food retailing segment at the India Retail Forum A day before Diwali‚ the store at Lower Parel becomes the first to touch Rs 10 million turnover on a single day 2005 Initiates the implementation of SAP and pilots a RFID project at its central warehouse in Tarapur Launches
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Big Bazaar is a chain of shopping malls in India currently with 29 outlets‚ owned by the Pantaloon Group. It works on same the economy model as Wal-Mart and has had considerable success in many Indian cities and small towns. The idea was pioneered by entrepreneur Kishore Biyani‚ the head of Pantaloon Retail India Ltd.Big Bazaar‚ the flagship retail chain of the Future Group‚ is on the verge of achieving a unique milestone in the History of World Retail – by being the first hypermarket format in the
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Big Bazaar is a largest hypermarket chain of hypermarket in India. As of June 2‚ 2012 there are 214 stores across 90 cities and towns in India covering around 16 million sq.ft. of retail space. Big Bazaar is designed as an agglomeration of bazaars or Indian markets with clusters offering a wide range of merchandise including fashion and apparels‚ food products‚ general merchandise‚ furniture‚ electronics‚ books‚ fast food and leisure and entertainment sections. Big Bazaar stores have been designed
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Retailing" in the small store format. This was through franchisee outlets‚ Pantaloon Shoppes‚ with an average area under operation of less than 1000 sq ft. In late nineties‚ the company changed its focus to "Family Retailing" in the large departmental / mega-store format (greater than 5000 sq ft). Thus‚ the company has continuously evolved itself to fulfill the shopping aspirations of all the major class of consumers‚ in order to gain higher shareof their wallet. PRIL is promoted and managed by
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results-oriented retail real estate consulting firm providing retailers‚ investors‚ shopping center managers and institutions with fact-based‚ decision-making research. If a company selects the right location‚ it may have adequate access to customers‚ workers‚ transportation‚ materials‚ and so on. Consequently‚ location often plays a significant role in a company’s profit and overall success. A location strategy is a plan for obtaining the optimal location for a company by identifying company needs and
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Executive Summary Retail Context for Innovation Study Objectives & Approach Key Learnings from the Innovation Study Implications for Retailers About RAI and Booz & Company The Indian Retail industry is today at cross-roads – many challenges threaten the true potential for “profitable growth” Projected Organized Retail in India US$ Billion 731 116 455 33 422 615 Key Challenges faced by Indian Retailers % responses‚ RAI – Booz Retailers Survey 2013¹ Organized Retail Unorganized Retail Real estate
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| FDI In Retail in India | | | Under the Guidance ofMr. Ranjan ChaudhuriSubmitted ByRajkumar (80)Shristi Gupta (94)Swati Jain (112) | | | FDI in Retail in India: An Article Abstract: As per the current regulatory regime‚ retail trading (except under single-brand product retailing — FDI up to 51 per cent‚ under the Government route) is prohibited in India. Simply put‚ for a company to be able to get foreign funding‚ products sold by it to the general public should only be of
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RETAIL SCENARIO IN INDIA Unlimited Opportunity Contents The Global Retail Industry: An Overview Retail Scene in India: Touching Meteoric Scales Different Forms of Retailing Malls in India Challenges of Retailing in India Retail as an Employment Generator Retail Industry in the East: Current Scenario‚ Growth Prospects and Upcoming Projects Retail Education in the East Factors needed to promote the Industry in West Bengal Conclusion The Global Retail Industry : An Overview Retail has played
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THE INDIA RETAIL SECTOR REPORT 2013 Retail Specialists in retail service recruitment www.michaelpage.co.in Contents Introduction Talent Pool Availability How Michael Page Can Help 3 5 6 2 Retail Specialists in retail service recruitment www.michaelpage.co.in THE INDIA RETAIL SECTOR Introduction The Indian retail market is estimated to exceed US$ 750 billion by 2015‚ according to the India Retail Report 2013 (IRIS Research)‚ presenting a strong potential for foreign retailers
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as one of the sunrise industries in India‚ closely following the IT and biotechnology industry. The boom in the sector started after the liberalization measures were initiated in 1991 in the country. Several large chains have entered the bandwagon and achieved fair to significant success. Indian retailing has evolved over the past decade‚ from largely an ‘informal’ and disorganized marketplace to an increasingly corporatised industry at least in the urban India. This is the largest among all the
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