Advantages And Disadvantages Of Retail Stores

CONVENIENCE STORES

These are comparatively smaller stores 400-2,000 sq. feet situated near residential areas. They store a limited range of high-turnover convenience products and are regularly open for extended periods during the day, seven days a week. The prices here are slightly higher due to the convenience premium .MBO’s: Multi Brand outlets, also known as Category Killers, offer several brands across single product category. They often do well in busy market places and Metros

E-Retailing

Due to the rapid growth of Internet and globalization of market, the retail sector has become an increasingly competitive and vigorous business environment. Business and marketing activities are influenced by the changes in Internet technologies

Such that, today it has begun to threaten the traditional brick-and-mortar retail. Identifying the danger, many physical retailers have started to establish or beef up their online presence., who play to their strengths of physical reach and multi-location presence, will be able to build successful and, more importantly, complementary, business models – just as it happened in the US.

India’s online retail industry has grown at a swift pace in the last 5 years from around Rs 15 billion revenues in 2007-08 to Rs 139 billion in 2012-13, rendering into a compounded annual growth rate (CAGR) of over 56 per cent. The 9-fold growth came on the back of increasing internet penetration and changing lifestyles, and was primarily driven by books, electronics and apparel.

The resilient trend to sustain in the medium term, and estimates the market will grow at a healthy 50-55 per cent CAGR to Rs 504 billion by 2015-16. The entry of new players in specialized segments such as grocery, jewellery and furniture, along with large investments by existing players in the apparel and electronics verticals, will be the