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Organized retailing restyles apparel sector
20
Nov '09
Retail business in India has transformed from traditional mom and pop stores to big retail chains. In India, retail business is witnessing a transition towards organized retailing, which means the traditional business models are being affected by the way they do business.

Retail sector in India is witnessing a huge revamping exercise as traditional markets make way for new formats like hypermarkets, supermarkets, Discount store formats and specialty stores. Western-style malls have begun appearing in metros and second-rung cities alike introducing the Indian consumer to a shopping experience like never before.

Credible factors in the prospects of retail in India are the increase in the young working population. In India, hefty pay-packages, nuclear families in urban areas, working women population are the growth drivers of the retail segment.

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Fibre2fashion News Desk - India

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