Challenges ahead for retailing in the Indian market
Title: Challenges ahead for retailing in the Indian market
Category: Business & Economy / Global Economy
Details: Words: 464 | Pages: 2.0 (approximately 235 words/page)
Challenges ahead for retailing in the Indian market
CHALLENGES AHEAD FOR RETAILING
Factors holding back the retail revolution in India:
There are several factors.
1) Raising funds to even set up a retail outlet is very tough. Though things have changed somewhat in the last three years, it is far easier to raise funds to put up a factory than to put up a retail chain. Development banking institutions like the ICICI or the IDBI were not open to funding retail ventures till recently. …showed first 75 words of 464 total…
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…showed last 75 words of 464 total…shops are closed. As a result, people postpone their shopping to weekends.
The modern retailer is yet to feel the saturation effect in the urban market and has, therefore, probably not looked at the other markets as seriously.
The modern retailing trend, despite its cost-effectiveness, has come to be identified with lifestyles.
Organized retailing is not so easy for the big players also. In addition to the advent of Internet, various issues glare at retailing.
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