IndiaRetailBiz

The retail boom is expected to continue in the coming years. In 2008, retail sales in India could top one billion dollars a day ($365 billion/year) according to  study released by Associated Chambers of Commerce and Industry of India (ASSOCHAM)– an organisation lobbying interests of industry and trade in India.
The retail trade is expected […]

Though politicians are fighting pitched battles in the name of protecting livelihood security of small traders and street vendors, a large number of consumers favour organised retail over traditional kirana (mom n pop) stores, according to findings of a ICRIER (Indian Council for Research on International Economic Relations). ICRIER was appointed […]

“The low penetration levels of organised retail in
India and the fact that the market size is set to grow at a frenetic pace provide a huge potential for retailers to tap a highly unexplored market.” FICCI-Ernst and Young report.
Organised (modern) retail in India, though nascent, is growing at a fast pace, thanks to second highest rate […]

Almost twice as many American shoppers, surveyed by America’s Research Group, during the first weekend of December, at Wal-Mart indicated preference for sports goods this Christmas than in the previous year (11.3% vs. 5.7%). Similar was the case for electronic goods as 32% shoppers preferred them over 20% last year.
The trend […]

“This shopping season in the U.S. is off to a robust start as consumers shrug off worries about high fuel prices and weak housing.”
Close on heels of maddening rush of American shoppers in deep discount retail stores on “Black Friday,” comes the news of a record “online” spend of $733 million (21% […]

Sales of consumer durables products, particularly for highend, high tech, high cost products like LCD televisions and frost free refrigerators, during this Festive season in the country, despite CSO’s manufacturing data reports to the contrary, have been exceptionally good, according to a Hindu Business Line report.
All the leading durables brands like […]

The first Friday after Thanksgiving has been named so because retailers move into the black from this day of the year. It marks the beginning of holiday shopping seasons and accounts for as much as 5% to 8% of Christmas sales, in the U.S.
Black Friday, began on a happy note for retailers […]

Retailers are using flagship stores in prestige locations to leverage the value of their brands — they are not just attracting local shoppers but shoppers from around the world; whose reason to travel is quite often to shop” –John Strachan, Global Head, Retail, Cushman & Wakefield.
Khan Market of Delhi is in top spot again! It […]

Indian Council for Research on International Economic Relations (ICRIER), according to a DNA Money report, appears to have come to the conclusion that the country’s traditional kirana (moom n pop) stores have been able to adjust to the emergence of organised retail in the country.
In the wake of a missive on livelihood security of small […]

“Ultimately, big retailers may not have a choice when it comes to choosing to invest in either country. There are very few fast-growing markets with so much potential as these two. No one can really afford to choose one over the other. You could wait and watch, perhaps, but you can’t stay out.” Anil Rajpal, […]