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Major Formats of In-Store Retailing
Format |
Description |
The Value Proposition |
| Branded Stores |
Exclusive showrooms either owned or franchised out by a manufacturer. |
Complete range available for a given brand, certified product quality |
| Specialty Stores |
Focus on a specific consumer need, carry most of the brands available |
Greater choice to the consumer, comparison between brands is possible |
| Department Stores |
Large stores having a wide variety of products, organized into different departments such as clothing, house wares, furniture, appliances, toys, etc. |
One stop shop catering to varied/ consumer needs. |
| Supermarkets |
Extremely large self-service retail outlets |
One stop shop catering to varied consumer needs |
| Discount Stores |
Stores offering discounts on the retail price through selling high volumes and reaping economies of scale |
Low Prices |
| Hyper- mart |
Larger than a supermarket, sometimes with a warehouse appearance, generally located in quieter parts of the city |
Low prices, vast choice available including services such as cafeterias. |
| Convenience stores |
Small self-service formats located in crowded urban areas. |
Convenient location and extended operating hours. |
| Shopping Malls |
An enclosure having different formats of in-store retailers, all under one roof. |
Variety of shops available to each other. |
Retailers in India
Retailer |
Stores |
Pantaloon Retail |
Big bazaar, Food bazaar , Hometown, furniture bazaar, collection-I,e-zone, shoefactory,Depot,Futurbazaar.com,Bowling co. |
K Raheja Group |
Shopper's Stop, Crossword, Homes stop, Mothercare. |
Tata Group |
Westside, Star India Bazaar, Croma, Titan, Tanishq. |
RPG Group |
Foodworld, Spencer's, Music World |
Landmark |
Lifestyle, Home Centre, Landmark International, Max Retail, Funcity. |
Piramal Group |
TruMart, Priamyd Megastore |
Reliance |
Reliance Hyper-mart |
Aditya Birla Group |
Louis Phillipe, Van Heusen, Allen Solly, Peter England, Trouser town. |
Future Outlook
There is a huge untapped opportunity in the retail sector, thus having immense scope for new entrants, driving large investments into the country. A good talent pool, huge markets and availability of raw materials at comparatively cheaper costs are expected to make India lead one of the world's best retail economies by 2042. The industry is also slated to be a major employment generator in future.
The total retail sales in India will grow from US$ 395.9 billion in 2011 to US$ 785.1 billion by 2015, according to the BMI India Retail report for the third quarter of 2011. The greater availability of personal credit and a growing vehicle population providing improved mobility also contribute to a trend towards annual retail sales growth of 12.2 per cent.
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