types of retail sector
TRANSCRIPT
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TYPES AND FORMS OF RETAIL
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Contents Focused
☺Introduction
☺Types of Retail Sector
☺Retail formats
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Retailing is still in its infancy in India.
According to an estimate the unorganized retail sector has 97% presence whereas the organized accounts for merely 3% .
A McKinsey report on India (2004) says organized retailing would increase the efficiency and productivity of entire gamut of economic activities, and would help in achieving higher GDP growth.
Retail Sector
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TYPES OF RETAIL SECTOR
ORGANIZED RETAIL UNORGANIZED RETAIL
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ORGANIZED RETAIL
Professionally managed has a accounting transparency with proper usage accounting standards.
These include the corporate backed hypermarkets and
retail chains.
According to a survey by AT Kearney ,only a
Rs. 20,000 crore segment of the market is ORGANIZED.
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UNORGANIZED RETAIL
Owner lacks technical & accounting standardization
For example, owner manned general stores, convenience stores, hand cart and pavement vendors, etc.
According to a survey by AT Kearney , an overwhelming proportion of the Rs. 400,000 crore retail market is UNORGANISED.
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Types of Retail Sector
0%10%20%30%40%50%60%70%80%90%
100%
US INDIA
unorganised
O rganised
Source: The Great Indian Retail Story, 2009.
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0%10%20%30%40%50%60%70%80%90%
100%
US INDIA
unorganised
Organised
Types of Retail Sector
Source: The Great Indian Retail Story, 2010.
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RETAIL FORMATS IN INDIA
MALLS:
SPECIALTY STORES:
DISCOUNT STORES:
DEPARTMENT STORES:
HYPER MARKETS:
SUPER MARKETS:
MBO’S:
Exclusive Stores:
CONVENIENCE STORES:
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RETAIL FORMATS IN INDIA
MALLS: • The largest form of organized retiling today.
• Its coming up in almost all the places of the countries.
• Ranges from 60,000 sq ft to 7,00,000 sq ft and above.
• They lend an ideal shopping experience with an amalgamation of product, service and entertainment, all under a common roof.
• Examples include Piramyd, and Pantaloon.
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SPECIALTY STORES: • Focusing on specific market segments and have established themselves strongly in their sector.
• These formats focus on a specific product category.
• Medium sized layout in strategic location.
• Specialty stores provide a large variety base for the consumers to choose from.
•Example Kids Kemp, Music World .
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DISCOUNT STORES: • Discount stores or factory outlets, offer discounts on the MRP through selling in bulk.
• The product category can range from a variety of perishable/ non perishable goods.
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DEPARTMENT STORES:
• Large stores ranging from 20000-50000 sq. ft, catering to a variety of consumer needs.
• clothing, toys, home, groceries, etc.
• Example, Shoppers Stop.
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HYPER MARKETS:
• They are typically large, starting from 40,000sq. ft plus are usually located outside the city limits.
• This format comprises of a multiple division layout, and usually has an" industrial- look" interior.
• Hypermarkets generally provide daily necessities and grocery like items. Pricing is competitive and they also offer volume discounts.
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SUPER MARKETS:
• Large self service outlets, catering to varied shopper needs are termed as Super markets.
• These are located in or near residential high streets.
• These stores today contribute to 30% of all food & grocery organized retail sales.
• Super Markets can further be classified asmini supermarkets typically 1,000 sq ft to 2,000 sq ft
and large supermarkets ranging from a size of 3,500 sq ft to
5,000 sq ft. having a strong focus on food & grocery and personal sales.
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MBO’s:
• Multi Brand outlets, also known as Category Killers, offer several brands across a single product category.
• These usually do well in busy market places and Metros.
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Exclusive Stores:
• Ranging from a size of 500 sq ft to 5,000 sq ft. & above,
• This format is owned/ managed by the Company or through its franchise.
• These can offer single brand as well as multiple bands.
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CONVENIENCE STORES:
• Small stores 400-2,000 sq. feet located near residential areas.
• Stock a limited range of high-turnover convenience products and are usually open for extended periods during the day, seven days a week.
• Prices are slightly higher due to the convenience premium.
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Thank You