The Retail industry has evolved tremendously over the last few decades. Gone are many of the mom and –pop stores of the past; today, mass merchandisers ,discount clubs category killers, and specialty and online retailers dominate the retail landscape.
Retail is India’s largest industry, accounting for over ten percent of the country GDP and eight percent of the employment. Retail industry in India is at the crossroads. It has emerged as one of the most dynamic and fast paced industry with several players entering the market. The future is promising; the market is growing government policies are becoming more favorable and emerging technologies are facilitating operations.
Retailing in India is gradually inching it way towards becoming the next boom industry. The whole concept of shopping has altered in terms of format and consumer buying behavior, Ushering in a revolution in shopping in India. Modern Retail has entered India as seen in sprowling and shopping Centers, multi-storied malls and huge complexes offer shopping and entertainment and food all under one roof. The Indian retailing system is at an inflexion point where the growth of the organized retailing and growth in the consumption by the Indian population is going to take a higher growth trajectory. The Indian population is witnessing a significant change in its demo graphics. A large young working population with median age of 24 years, nuclear families in urban areas, along with increasing working –women population and emerging opportunities in the service sector are going to be the key growth drivers of the organized retail sector in India. Because of the variety of the task associated with retailing there are plenty of retail in fields as diverse as human resources, operations, computer science, finance, and opportunities at advertising. Interestingly, retail department stores employ highly skilled staff. Retail Department at stores offer plenty of chances to gain valuable hands – on experience |
