Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Retailing background india
Retailing background india
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Retailing background india
Indian Retail Organization – Reliance Retail Ltd. A subsidiary of Reliance Industries, Reliance Retail Ltd. was founded in 2006 with headquarters in Nariman point,Mumbai, Mukesh Ambani is chairman and MD, and Damodar Mall, its CEO. It is the largest retailer in India in terms of revenue; Reliance Retails has revenues of $ 3.2 billion and operating profit of about 5.08 million US dollars. Its outlets offer food, groceries, clothing and footwear, lifestyle and home improvement products, electronic goods and agricultural tools and inputs. The outlets also provide vegetables, fruits and flowers. It focuses mainly on consumer goods, durable consumer goods, services, tourism, energy, entertainment and recreation, and health and wellness products, …show more content…
Competition: Some of the biggest competitors of Reliance Retail are Subhiksha, Future group, star bazaar. Some of the strengths of its competitors are, Star India Bazaar: Star Bazaar has various products like food products, clothing, electronics and more offers high quality products at very low prices. It has a high brand value as part of the TATA group. It offers a really good shopping experience and customer satisfaction, due to the service. Subhiksha: This is an Indian chain of 1,600 stores allover India and has a skilled workforce, which help customers purchase decisions. His prices are about 8% less than the MRP so it is affordable for the common man. It has a good atmosphere than the typical store helps clients gain more time and has a strong supply chain management Future Group: has a wide presence in India, covering almost all major cities and towns efficient, aware of the costs involved quality of service. Future Group also has a high brand value in a changing market. It offers a range of products under one window increases the chances of client time and choice and it is equipped with 35,000 employees. It offers everyday low prices that attract customers and has a huge investment potential. It offers a different shopping experience family, where the whole family can visit together. It also has a reservation and delivery of equipment goods available …show more content…
Not only that, but the portal will also feature its own brand merchandise, which will consist of clothing, accessories, lingerie, jewelry and shoes. Ajio intends to use the Reliance supply chain, procurement, and the possibility of commercial operations, in order to establish themselves in the market. Reliance Retails will take a new model is introduced on an exclusive basis with attractive promotional offers direct their existing and new customers on the Internet. With their network service house Reliance RESQ serve its customers in relation to the installation, service and repair products and services combined with quick delivery, as well as exchange offers through its extensive network of 700 Reliance Digital stores India, Reliance is better equipped to carry more customers to his flock. Currently, online customers are a bit unhappy because they are not entitled to a guarantee for their purchases on-line, especially consumer electronics. Also, the fact that most manufacturers discouraging retailers, e-commerce offering heavy discounts on the Internet can cause a number of online shoppers look forward to buying products from Reliance sells. The competition Reliance Retails will compete with Croma, a Tata unit that offers its products through its online store, as well as other online markets like Amazon and
Provides a unique atmosphere - Their large open stores, packed with designer brands, gives an elegant feeling, with light colored walls that can’t be found at your local drug store. Also, with a low-pressure sales strategy they provide a very relaxed shopping experience.
Abstract: This paper will address the needs for demonstration of proficiency in information research, while understanding the workplace, competiveness and business communication. Included in this paper is the following: Abercrombie’s mission, the current strategic plan the company uses, the firms culture, organization, and SWOT analysis. This paper will also focus on an analysis of the company “Abercrombie and Fitch” and the major issue facing the company.
Whole Foods Market, which is in the Grocery Store and Health Food Store industry, is one of America’s most prominent organic grocery store on the market. The supermarket chain has established a competitive advantage amongst other grocery stores, as it assures consumers that all foods are free of preservative, additive, and pesticides. The grocery store has gained such a profitable following, that it Amazon acquired it in August 2017, boosting Whole Foods Market’s digital and physical competitive advantage. In fact, most researchers have concluded that such an acquisition may eliminate any opportunity for other grocery store chains to compete against Whole Foods Market (Formichelli, 2017). Whole Foods Market’s key to success
Presenting a variety of services, the company has established the supercenter model. Vendors and suppliers for Meijer have to meet requirements that need to be quality checked and supply a third party audit report on product and facilities. They keep a tight control on which they purchase merchandise from, and by offering grocery items next to pet supplies, leading to housewares, clothing, sports equipment, toys, electronics, and health items, all selections are included in the retail environment and available with a smooth transition through the establishment. The one place to shop locally for your needs, earn rewards and help local community is the vision Meijer looks for in every store
Due to the good establishment of the business, it has huge market national. The company has therefore opened many retail shops and stores all over the country to ensure that their products are accessible to the customers. The entity provides a favorable environment, and many clients view the place as a fun shopping place to be. The retailer has targeted a big pool of customer because of the variety of products it sells. The stores products vary from kitchen goods, jewelry, and electronics clothes to hardware
The collaboration and carefully connected network was consistent with a culture that allowed the retail kingdom to remain flexible, profitable, and prosperous for two decades (Mehrmann, 2009). Their 4S business model – service, selection, savings and satisfaction where the customer has a choice of wide variety of merchandise, received 110% back if they found a better deal, 30-day money back guarantee and the customer service of high trained sales professional help the company establish a competitive advantage. Their point-of-sale systems facilitated quick transactions and took care of their inventory (Wells
India is a nation that is on the move towards becoming one of the leaders in the global economy. While the country still has a long way to go, it is making significant strides towards competition with nations such as the United States and England. Indian leaders have been moving towards "a five-point agenda that includes improving the investment climate; developing a comprehensive WTO strategy; reforming agriculture, food processing, and small-scale industry; eliminating red tape; and instituting better corporate governance" (Cateora & Graham p. 56, 2007). These steps are geared to begin India's transformation from a third world nation into a global economic leader. The current marketing environment in India is in transition, with both similarities and differences in comparison to the marketing environment in the US.
(Applegate, Austin, and Soule) To be a top competitor in this market a company would have to lower their unit cost while their share increased through acquisitions and bankruptcies of other companies. Bharti had several major competitors which were: BSNL, MTNL, Hutch-Essar, Tata, Idea Cellular, and Reliance. In order for Bharti to be competitive in this market, it was going to have to provide value services. Services like games, ringtones, and text messaging to name a few. These services need to be efficient and reliable.
the global leader in online retail. By taking advantage of the opportunities to capture the market
Introduction India is the world’s second most populated country with over 1.2 billion people. Since its independence from British rule in 1947, the country has been more or less a stable democracy. Until 1991, Indian governments imposed economic austerity and its markets were comparatively closed to the world. Economic reforms in 1991 brought about a change which made India an attractive and huge market for multinational corporations from all over the world (Joshi 8). Retail industry within a globalized world is one of the most thriving and profitable sectors.
It is one of the largest hypermarket chains in the world, the second largest retail group in the world in terms of revenue, and the third in profit.
Hospitality is about serving the guests to provide them with "feel-good-effect". "Athithi devo bhavha" (Guest is God) has been one of central tenets of Indian culture since times immemorial. In India, the guest is treated with utmost warmth and respect and is provided the best services.
Aditya Birla Group is one of the first multinational corporations in India. Its headquarter is located in Mumbai with many others operations in different parts of the world such as in Asia (Thailand, Singapore, Myanmar, Laos, Indonesia, Philippines, China…), Europe (UK, Germany, Hungary, Italy, France, Luxembourg, Switzerland…), America (US, Brazil…). Throughout their growing, Aditya Birla have become well known in many sectors that they get involved in not only in India but also around the world. Back to the earlier day of the corporation, when it first founded, the group has focused on critical sector such as textiles and fibre, aluminum… and become one of the largest participant in those areas. Later on, in the 1960s, the company had expanded their business into cement and chemicals. Also, they expanded their business across the border of India into many other countries. This “revolution” has brought the name of the group into the international business map and become bigger than ever (Aditya Birla Group 2007). Today, ABG is a corporation with the consolidate revenue of 30bil with the affiliates in 45 countries and 60% of their revenue come from internationally and become one of the largest private company in the world (Aditya Birla Nuvo Limited, 2011).
The article discusses how the international fast food chains once blazed the trail in India when they arrived about “15 years ago” (Rana). During this time, the big global brands such as Domino’s Pizza, McDonald’s, and Yum Brands that includes Pizza Hut and KFC built too many stores due to the anticipation of a larger growth. Now, the market growth has slowed for these original global brands in India. Growth is sluggish because
2. Organized Retail: The emergence of organized retail have lead to more variety with ease in browsing, opportunity to compare with different products in a category, one stop destination (entertainment, food and shopping) etc, which is playing an important role in bringing boom in the Indian FMCG market. Currently the modern trade is capturing 5% of the total retail space, which will increase to 10% and 25% in 2010 and 2025 respectively. Also, as the credit card and organized retail trend picks up, people won’t think much while buying and buy more.