Retailers could even go beyond their means to gain a large share of your wallet this season
At the turn of the century, few would have even imagined this tsunam
i hitting Indian shores. But with the likes of Reliance Industries and a plethora of others blazing the track with gargantuan expansion plans, the excitement building up in this sector is truly unparalleled, as the scope for growth is tremendous. Comments Raghu Pillai, Chief Executive & President, Reliance Retail, to B&E, “The retail sector is growing faster than India’s GDP growth rate at around 11%. Organised retail will be around $60 billion in the next five to ten years, which will still be only about 15-20% of the total retail space in the country.” The competition is highly intense on two fronts. In the first phase, the hunt is primarily for quality real estate. And while that battle rages on, the players are simultaneously also keen to ensure that they achieve those elusive sales per square foot figures and stay put on the winning side
For Complete IIPM Article, Click on IIPM Article
At the turn of the century, few would have even imagined this tsunam
i hitting Indian shores. But with the likes of Reliance Industries and a plethora of others blazing the track with gargantuan expansion plans, the excitement building up in this sector is truly unparalleled, as the scope for growth is tremendous. Comments Raghu Pillai, Chief Executive & President, Reliance Retail, to B&E, “The retail sector is growing faster than India’s GDP growth rate at around 11%. Organised retail will be around $60 billion in the next five to ten years, which will still be only about 15-20% of the total retail space in the country.” The competition is highly intense on two fronts. In the first phase, the hunt is primarily for quality real estate. And while that battle rages on, the players are simultaneously also keen to ensure that they achieve those elusive sales per square foot figures and stay put on the winning sideFor Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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