Retail Landscape Essay

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The Indian Retail Landscape Retail involves the sale of goods from a single point (markets, malls, and department stores etc.) directly to the customer in small quantities for his use. In simple words we can also say that retail means transaction of goods between the buyer and seller in small quantity to satisfy the need of the customer. The retail landscape looks different today from what it was five years ago. A person who buy the product are taking advantage of this new retail landscape and have become more selective in their choice of where to shop. Growth of Retail Companies in India present the growth in the retail industry in India over the years. The increase in purchasing power of the Indian middle classes have been encouraging in …show more content…

It is larger than the e-commerce market that commands powerful investment due to the rising numbers of internet users and computer access in the country. If one wants to establish a firm connect between e-commerce and the retail market, then we can say that the retail market is here to stay. As disagreeing with the retail market, e-commerce’s potential landscape is at only about $15 billion now. According to current statistics there are 14 million retail outlets in India, which suggest a demographic distribution of an average of 1000 shops for 11 users. Therefore it is clear and pressing need to build a bridge between the e-commerce and retail section. Latest statistics reveal there are 14 million retail outlets in India, which implies a demographic distribution of an average of 1,000 shops for 11 users. There, therefore, is a clear and pressing need to build a bridge between the e-commerce and retail …show more content…

While the overall retail market is expected to grow at 12 percent per annum, modern trade would expand twice as fast as 20 percent per annum and traditional trade at 10 percent. India’s business 2 business (B2B) e-commerce market is expected to reach US$700 billion by 2020 whereas the business to commerce (B2C) e-commerce market is expected to reach US$ 102 billion by 2020 online retail is expected to be with the physical stores in the next five

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