Organized Retail Industry In India
In India, the retail industry is broadly divided into the organised and unorganised sectors. Organised retailing in India started picking up in South India in cities like Chennai and Hyderabad, where real estate at prime location was available at cheaper rates than in cities like Mumbai and Delhi. In the early 1990s, leading Indian business houses started taking a keen interest in retailing sector. Several business houses like Tatas, Piramals, RPG Group and Rahejas forayed into this sector. Organised retailing in India can be classified on the products or services offered. There include (but not limited to) Apparel retailing Food retailing Health and beauty products retailing Footwear retailing Music and entertainment retailing Book retailing Watches and jewelry retailing Petrol and diesel retailing Home furniture Luggage Let’s have a look at what kind of strategies these pioneers in organised retail...