The Indian Retail Industry is unique. Despite around 90 percent of the market being unorganised, the industry is growing with an estimated worth of $600 billion. It is also one of the top five retail markets in the world by economic value. A lot credit of this achievement goes to the regional retailers who, despite being the backbone of the industry, prefer to stay away from the limelight. While small businesses may not generate as much money as big players and corporations, they are a critical component of and major contributors to the strength of local economies. Small businesses present new employment opportunities and serve as the building blocks for larger corporations.
Th ese regional retailers are a huge hit in Tier II & III towns. Th ey are self-dependent, they attract talent, experiment and implement new solutions for existing ideas and products. Th ey are fearless and do not hesitate to take risks in order to grow and make their presence felt. Larger retailers also benefit from these regional retailers within the same community, as they too are dependent on them for completion of various business functions through outsourcing.
Th e August 2018 issue of IMAGES Retail takes a sneak peek into the journeys of these regional retailers – how they are raking in the big bucks and taking the national retail scene by storm.
Th e edition also brings an overview of retail companies with the best Supply Chain & Logistics Systems in retail in India. Logistics & Supply Chain Management form the key for any industry, they are in a way the blood and sweat which keeps the industry running. Th e issue brings readers an in-depth analysis of the action taking place behind the scenes in the retail industry. The issue also brings you an exclusive interaction
Suri, CEO & MD, Shoppers Stop who talks about how his brand has revolutionized the shopping culture in India and has set a high benchmark for other large format retailers in India.
As always, we hope you find the issue informed and benefi cial. Do log on to our website, www.indiaretailing.com to read more informative articles and analyses on the stage of the global retail industry with an emphasis on India.