Retail Scenario in India

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 a major role world over in increasing productivity across a wide range of

consumer goods and services .The impact can be best seen in countries like U.S.A., U.K.,

Mexico, Thailand and more recently China. Economies of countries like Singapore,

Malaysia, Hong Kong, Sri Lanka and Dubai are also heavily assisted by the retail sector.

Retail is the second-largest industry in the United States both in number of establishments

and number of employees. It is also one of the largest world wide. The retail industry

employs more than 22 million Americans and generates more than $3 trillion in retail sale

annually. Retailing is a U.S. $7 trillion sector.

Wal-Mart is the world's largest retailer. Already the world's largest employer with over

1million associates, Wal-Mart displaced oil giant Exxon Mobil as the world's largest

company when it posted $219 billion in sales for fiscal 2001. Wal-Mart has become the

most successful retail brand in the world due its ability to leverage size, market clout, and

efficiency to create market dominance. Wal-Mart heads Fortune magazine list of top 500

companies in the world. Forbes Annual List of Billionaires has the largest number (45/497)

from the retail business.

GLOBAL RETAIL (Source: CSO, MGI Study)

1999 2002 2005

Total Retail (US$ Billion) 150 180 225

Organised Retail (US$

Billion)

1.1 3.3 7

% Share of Organised

retail

0.7 1.8 3.2

Top Retailers Worldwide

Rank Retailer Home Country

1 Wal-Mart Stores, Inc. U.S.A.

2 Carrefour Group France

3 The Kroger Co. U.S.A.

4 The Home Depot, Inc. U.S.A.

5 Metro Germany

(Source: STORES / Deloitte Touche Tomahatsu)

Retail Scenario in India : Touching Meteoric Scales

As the corporates – the Piramals, the Tatas, the Rahejas, ITC, S.Kumar's, RPG

Enterprises, and mega retailers- Crosswords, Shopper's Stop, and Pantaloons race to

revolutionize the retailing sector, retail as an industry in India is coming alive.

Retail sales in India amounted to about Rs.7400 billion in 2002, expanded at an average

annual rate of 7% during 1999-2002. With the upturn in economic growth during 2003, retail

sales are also expected to expand at a higher pace of nearly 10%. Across the country,

retail sales in real terms are predicted to rise more rapidly than consumer expenditure

during 2003-08. The forecast growth in real retail sales during 2003- 2008 is 8.3% per year,

compared with 7.1% for consumer