Interviews
Organized Retail - The year that was
03 Jan '08
3 min read
Subhiksha is also expanding and spreading in to the 'B' and 'C' category towns and is well on its way to reach the 1000 store mark. The Tatas also expanded by getting in to newer verticals of Consumer durables under the name of 'Corus'.
Again there are others like Vishal, Spencer's and a host of others who have consolidated their positions in the retail industry and have big plans for 2008.
There have been some notable exits too. The pioneers of the organized retail industry 'Piramals' recently sold off their stake in Pyramid to India bulls.
Competition to open retail stores in the branded apparel segment is also heating up. There are more than 23 players in the branded apparel segment. According to India Retail report Images and F & R 2007, Koutons had 500 outlets in 2006-07 as compared to the nearest competitor Raymond with 380 stores. Levis and Provogue follow with 115 and 110 outlets respectively.
What will be interesting to watch is how the veterans of the retail industry stand up to the likes of Wal-Mart's and Tesco's and Carrefour who are planning their entry in to the Indian Market. Can a consolidation within the retail industry also be expected?
What can be safely said is that the Indian consumer has got hooked to the ambience and delights of shopping in the modern retail format with promotional offers being run round the year, which has kept the cash tills ringing for the retail stores.
Again there are others like Vishal, Spencer's and a host of others who have consolidated their positions in the retail industry and have big plans for 2008.
There have been some notable exits too. The pioneers of the organized retail industry 'Piramals' recently sold off their stake in Pyramid to India bulls.
Competition to open retail stores in the branded apparel segment is also heating up. There are more than 23 players in the branded apparel segment. According to India Retail report Images and F & R 2007, Koutons had 500 outlets in 2006-07 as compared to the nearest competitor Raymond with 380 stores. Levis and Provogue follow with 115 and 110 outlets respectively.
What will be interesting to watch is how the veterans of the retail industry stand up to the likes of Wal-Mart's and Tesco's and Carrefour who are planning their entry in to the Indian Market. Can a consolidation within the retail industry also be expected?
What can be safely said is that the Indian consumer has got hooked to the ambience and delights of shopping in the modern retail format with promotional offers being run round the year, which has kept the cash tills ringing for the retail stores.
Fibre2fashion, News Desk - India
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