Although Retail is not new for our country, only last few years the organized retailers strated setting professional shops in India. The Indian retail strated going through transormation. The customers started liking and strated shopping (switch over from mom & pop store) at these stores which has passion towards their customers.
RETAIL ...What is that?
The word retail means ' break the bulk' ,derived from a French word.Selling goods/merchandise to the last consumer is retail.
Now customers are enjoying wide variety of products , store and services to choose from, retailers who provide genuine product & service will win.
RETAIL FORMATS
Format -------------What they sell -------------Example
Department store-Cluster of brands for family - Lifestyle, Shoppers stop
Supermarket- -Food, household & multiple category -Food world, more
Hyper market-Large self- service with food,FMCG -Spar, Big bazar
............................apparel & non apparel in reduced price.
Speciality store-Dominated by single category -Music world, Bata
Mall --Diffrent category mix/retailers- Garuda , Forum, Oasis
................ entertainment,dining etc
Stop over-Multiple impulsive category-In & out by BPCL,Shell
Singleprice store---FMCG , food etc -- My dollor store
GLOBAL RETAIL SCENARIO
Organized retailing is more developed and big business in several countries. As per Global Industry Classification Standards the global retail industry is growing by 5%.The organized sector contributes huge share in these countries. For instance, the organized sector has share of 80% + sales in US.
32% of the world retail market space is dominated by United States of America. Europe generates 30%, Asia specific 26%, and rest of the world 12%.
Few top retail key players in the world.
WAL-MART
CARREFOUR
HOME DEPOT
METRO
ROYALAHOLD
TESCO
KROGER
TARGET
COSTCO
Few top retail employers of the world,
WAL-MART
McDonalds’s
CARREFOUR
TARGET
KROGER
HOME DEPOT
Fortune 500 has about 50 retail organizations featured on its list, the domination and importance of retail industry can be gauged through this.
Retailing in these countries is very customer centric with lot of focus and innovation on merchandise, service and process aspect.
INDIAN RETAIL SCENARIO
The Retailers are phasing more knowledgeable, exposed to international retail scenario and demanding customers, Hence the business module and product offerings changed keeping consumers’ choice and taste in mind. The customers are demanding hassle free parking to shopping convenience to fast billing.
THE ORGANISED RETAIL PIE
As per the survey done in last year the below is the Retail pie in organised sector.( in value)
Clothing & Accessories - 39%
Food & Grocery -11%
Footwear -9%
Consumer electronic - 9%
Furniture/Furnishing , Catering/F&B -7% each.
Mobile phone/acc, Books/Music/Gifts, Entertainment, Watches,Jewellery - 3% each.
Pharmaceuticals -2%
Health & Beauty -1%.
Clothing & Accessories;
Clothing/Apparel segment is the largest sector in the organized retail industry in India. This sector broadly can be classified as Men’s apparel, Ladies apparel, and Kids apparel. The men’s apparel market in India has grown tremendously over the previous years.
Ladies apparel is growing segment where lot of leading men’s apparel brands has entered retailing in this category.
Indian brands rule the kid’s apparel market with most of the department stores retailing their In house brands.
With more and more National and International brands eyeing at Indian market this sector is expected to grow in future.
Food:
The Indian food and grocery market has seen several national and International players in last few years. The organized retail F & G sector is less than 2% of the total market.
The grocery sector is traditionally was ruled by local baniya, shops and later by Govt fare price shops and co operative bazaars.
Footwear:
The footwear market is dominated by the branded segment with over 45% of the total market size. The Indian footwear market is estimated approx of Rs.12000 crores. Lot of brands are in the market retailing through EBO’s and Multi branded retail outlets in Mens , ladies and children’s category.
Jewellery:
This sector is ruled by traditional retailers from centuries. India is one of the biggest markets for Gold. The size of organized retail is about 900 crores. This sector is witnessing transformation from design to way of retailing.
Time wear:
This segment is entertaining lot of International players from recent years. The Indian watch market is estimated at Rs. 3000 crores and organized retail pie is about 45%.
Music/Books:
Recently lot of stores has started the concept of browse, read, listen and buy in India.The self help category wise segregated products in Music and Books are located in malls and high streets. The organized sector in the above category is about 23%.
MAJOR RETAILERS
Future group : Big Bazar, Food Bazar, Pantaloons, Central, Fashion street, Brand factory, Depot, E Zone, Home town
K Raheja group: Shoppers stop, Crossword, Home stop, Hypercity, Mothercare, Cafe brio
Landmark group: Lifestyle, Homecentre,Max, Spar, Funcity,Polynation.
Reliance Retail: Reliance fresh, Reliance digital, Foot print etc
Tata group: Westside, Satr bazar, Landmark, Titan, Tanishq, Croma etc
Piramals: Piyramyd, Trumart.
Subiksha: Subiksha super markets and pharmacy and mobile stores.
Aditya birla: more etc
Ebony: Ebony dept store, Wordsworth.
Metro: Metro cash and carry.
Shoprite holdings: Shoprite Hyper
Few Retail terminologies:
ASP: Average selling point/price.
BASE STOCK: Ideal stocks situation at any time.
BTS/RTV: Back to supplier/Return to vendor.
CONVERSION: Numbers of customer bought Vs number of walk-ins.
COST PRICE: MRP-Margin.
CREDIT NOTE: Exchange note.
CSI: Customer Satisfaction Index.
DEPARTMENT: Concept/floor divided looking at the similar category, merchandise.
EDC: Electronic Data communicator.
EDP: Electronic Data Processing
ESI: Employee Satisfaction Index.
GONDOLA/BROWSER: Fixtures to stack/hang the merchandise.
GP/RGP: Gate pass/Returnable gate pass.
GV: Gift Voucher.
MANNEQUIENS: Statues/standees used for displaying the merchandise.
MARGIN: MRP -cost
MARK UP: Cost + Margin.
MERCHANDISE: The goods or products we sell to customers.
MRP: (Maximum Retail Price) Cost + Mark up.
OTB: Open/opportunity to Buy.
PI: Perpetual Inventory to understand the variance by manually scanning the barcodes.
PLANNOGRAM: The Layout indicates arrangement and placement fixtures, Cash counter etc.
PO: Purchase order.
POS: Point of sale.
PRIVATE LABLE: Brands which are manufactured and sold by the retailer.
SEASON: Retail seasons: Spring summer, autumn winter.
SIGNAGES: Internal communication about brand/size/offers etc.
SKU: Stock Keeping Unit.
STYLE CODE: A particular code given to the merchandise for a particular/color/size/batch.
VARIANCE: Difference between actual stock VS book stock.
RETAIL ...What is that?
The word retail means ' break the bulk' ,derived from a French word.Selling goods/merchandise to the last consumer is retail.
Now customers are enjoying wide variety of products , store and services to choose from, retailers who provide genuine product & service will win.
RETAIL FORMATS
Format -------------What they sell -------------Example
Department store-Cluster of brands for family - Lifestyle, Shoppers stop
Supermarket- -Food, household & multiple category -Food world, more
Hyper market-Large self- service with food,FMCG -Spar, Big bazar
............................apparel & non apparel in reduced price.
Speciality store-Dominated by single category -Music world, Bata
Mall --Diffrent category mix/retailers- Garuda , Forum, Oasis
................ entertainment,dining etc
Stop over-Multiple impulsive category-In & out by BPCL,Shell
Singleprice store---FMCG , food etc -- My dollor store
GLOBAL RETAIL SCENARIO
Organized retailing is more developed and big business in several countries. As per Global Industry Classification Standards the global retail industry is growing by 5%.The organized sector contributes huge share in these countries. For instance, the organized sector has share of 80% + sales in US.
32% of the world retail market space is dominated by United States of America. Europe generates 30%, Asia specific 26%, and rest of the world 12%.
Few top retail key players in the world.
WAL-MART
CARREFOUR
HOME DEPOT
METRO
ROYALAHOLD
TESCO
KROGER
TARGET
COSTCO
Few top retail employers of the world,
WAL-MART
McDonalds’s
CARREFOUR
TARGET
KROGER
HOME DEPOT
Fortune 500 has about 50 retail organizations featured on its list, the domination and importance of retail industry can be gauged through this.
Retailing in these countries is very customer centric with lot of focus and innovation on merchandise, service and process aspect.
INDIAN RETAIL SCENARIO
The Retailers are phasing more knowledgeable, exposed to international retail scenario and demanding customers, Hence the business module and product offerings changed keeping consumers’ choice and taste in mind. The customers are demanding hassle free parking to shopping convenience to fast billing.
THE ORGANISED RETAIL PIE
As per the survey done in last year the below is the Retail pie in organised sector.( in value)
Clothing & Accessories - 39%
Food & Grocery -11%
Footwear -9%
Consumer electronic - 9%
Furniture/Furnishing , Catering/F&B -7% each.
Mobile phone/acc, Books/Music/Gifts, Entertainment, Watches,Jewellery - 3% each.
Pharmaceuticals -2%
Health & Beauty -1%.
Clothing & Accessories;
Clothing/Apparel segment is the largest sector in the organized retail industry in India. This sector broadly can be classified as Men’s apparel, Ladies apparel, and Kids apparel. The men’s apparel market in India has grown tremendously over the previous years.
Ladies apparel is growing segment where lot of leading men’s apparel brands has entered retailing in this category.
Indian brands rule the kid’s apparel market with most of the department stores retailing their In house brands.
With more and more National and International brands eyeing at Indian market this sector is expected to grow in future.
Food:
The Indian food and grocery market has seen several national and International players in last few years. The organized retail F & G sector is less than 2% of the total market.
The grocery sector is traditionally was ruled by local baniya, shops and later by Govt fare price shops and co operative bazaars.
Footwear:
The footwear market is dominated by the branded segment with over 45% of the total market size. The Indian footwear market is estimated approx of Rs.12000 crores. Lot of brands are in the market retailing through EBO’s and Multi branded retail outlets in Mens , ladies and children’s category.
Jewellery:
This sector is ruled by traditional retailers from centuries. India is one of the biggest markets for Gold. The size of organized retail is about 900 crores. This sector is witnessing transformation from design to way of retailing.
Time wear:
This segment is entertaining lot of International players from recent years. The Indian watch market is estimated at Rs. 3000 crores and organized retail pie is about 45%.
Music/Books:
Recently lot of stores has started the concept of browse, read, listen and buy in India.The self help category wise segregated products in Music and Books are located in malls and high streets. The organized sector in the above category is about 23%.
MAJOR RETAILERS
Future group : Big Bazar, Food Bazar, Pantaloons, Central, Fashion street, Brand factory, Depot, E Zone, Home town
K Raheja group: Shoppers stop, Crossword, Home stop, Hypercity, Mothercare, Cafe brio
Landmark group: Lifestyle, Homecentre,Max, Spar, Funcity,Polynation.
Reliance Retail: Reliance fresh, Reliance digital, Foot print etc
Tata group: Westside, Satr bazar, Landmark, Titan, Tanishq, Croma etc
Piramals: Piyramyd, Trumart.
Subiksha: Subiksha super markets and pharmacy and mobile stores.
Aditya birla: more etc
Ebony: Ebony dept store, Wordsworth.
Metro: Metro cash and carry.
Shoprite holdings: Shoprite Hyper
Few Retail terminologies:
ASP: Average selling point/price.
BASE STOCK: Ideal stocks situation at any time.
BTS/RTV: Back to supplier/Return to vendor.
CONVERSION: Numbers of customer bought Vs number of walk-ins.
COST PRICE: MRP-Margin.
CREDIT NOTE: Exchange note.
CSI: Customer Satisfaction Index.
DEPARTMENT: Concept/floor divided looking at the similar category, merchandise.
EDC: Electronic Data communicator.
EDP: Electronic Data Processing
ESI: Employee Satisfaction Index.
GONDOLA/BROWSER: Fixtures to stack/hang the merchandise.
GP/RGP: Gate pass/Returnable gate pass.
GV: Gift Voucher.
MANNEQUIENS: Statues/standees used for displaying the merchandise.
MARGIN: MRP -cost
MARK UP: Cost + Margin.
MERCHANDISE: The goods or products we sell to customers.
MRP: (Maximum Retail Price) Cost + Mark up.
OTB: Open/opportunity to Buy.
PI: Perpetual Inventory to understand the variance by manually scanning the barcodes.
PLANNOGRAM: The Layout indicates arrangement and placement fixtures, Cash counter etc.
PO: Purchase order.
POS: Point of sale.
PRIVATE LABLE: Brands which are manufactured and sold by the retailer.
SEASON: Retail seasons: Spring summer, autumn winter.
SIGNAGES: Internal communication about brand/size/offers etc.
SKU: Stock Keeping Unit.
STYLE CODE: A particular code given to the merchandise for a particular/color/size/batch.
VARIANCE: Difference between actual stock VS book stock.
