Indian unorganized retail sector & its challenge

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Indian unorganized retail sector & its challenge

India is the only one country having the highest shop density in the world, with 11 outlets per 1000 people (12 million retail shops for about 209 million households). Rather we can see the democratic scenario in Indian Retail (because of low level of centralization, low capital input and due to a good number of self organized retail).

India started its Retail Journey since ancient time.

In Ancient India there was a concept of weekly HAAT, where all the buyers & sellers gather in a big market for bartering. It takes a pretty long times to & step to shape the modern retail. In between these two concepts (i.e. between ancient retail concept & the modern one there exist modern kirana/ mom and pop shops or Baniya ki Dukan.

Still it is predominating in India

So the Indian retail industry is divided into two sectors- organized and unorganized.

Organized retail sector refers to the sectors undertaken by licensed retailers, that is, those who are registered for sales tax, income tax, etc. These include the corporate retail formats of the exclusive brand outlets, hypermarkets, supermarkets, departmental stores and shopping malls.

Unorganized retailing, on the other hand, refers to the traditional formats of low-cost retailing, for example, hand cart and pavement vendors, & mobile vendors, the local kirana shops, owner manned general stores, paan/beedi shops, convenience stores, hardware shop at the corner of your street selling everything from bathroom fittings to paints and small construction tools; or the slightly more organized medical store and a host of other small retail businesses in apparel, electronics, food etc.

Characteristics of unorganized retail-

Small-store (kirana) retailing has been one of the easiest ways to generate self-employment, as it requires limited investment in land, capital and labour. It is generally family run business, lack of standardization and the retailers who are running this store they are lacking of education, experience and exposure. This is one of the reason why productivity of this sector is approximately 4% that of the U.S. retail industry.

Unorganized retail sector is still predominating over organized sector in India, unorganized retail sector constituting 98% (twelve million) of total trade, while organized trade accounts only for 2%.

The reasons might be-

1. In smaller towns and urban areas, there are many families who are traditionally using these kirana shops/ mom and pop stores offering a wide range of merchandise mix. Generally these kirana shops are the family business of these small retailers which they are running for more than one generation.

2. These kiran shops are having their own efficient management system and with this they are efficiently fulfilling the needs of the customer. This is one of the good reasons why the customer doesnt want to change their old loyal kirana shop.

3. A large number of working class in India is working as daily wage basis, at the end of the day when they get their wage, they come to this small retail shop to purchase wheat flour, rice etc for their supper. For them this the only place to have those food items because purchase quantity is so small that no big retail store would entertain this.

4. Similarly there is another consumer class who are the seasonal worker. During their unemployment period they use to purchase from this kirana store in credit and when they get their salary they clear their dues. Now this type of credit facility is not available in corporate retail store, so this kirana stores are the only place for them to fulfill their needs.

5. Another reason might be the proximity of the store. It is the convenience store for the customer. In every corner the street an unorganized retail shop can be found that is hardly a walking distance from the customers house. Many times customers prefer to shop from the nearby kirana shop rather than to drive a long distance organized retail stores.

6. This unorganized stores are having n number of options to cut their costs. They incur little to no real-estate costs because they generally operate from their residences.

Promot Your Brand Using Printed Carrier Bags

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Custom-made bags are the very best way to make brand awareness in the market, especially at a time once governments are placing high fines on businesses polluting the environment by using plastic bags. It is very important that these organizations switch from plastic carrier bags to Custom Tote Bags, that can be long lasting, strong and also fashionable.

Tote bags are often produced from canvas, nylon, plastic and straw. Canvas tote bags were very first launched into the market by L. L. Bean and ever since as compared to they may have become extremely popular as promotional bags. They come in different sizes, colors and also styles tote bags are designed for various needs just as luxury travel, sports, beach and even leather. Retail stores may select the bags as per the items they sell.

When you plan to use custom-made bags to advertise your products you need to keep a few points in mind.
The type of tote bag you select is according to the products which you sell. Even as canvas tote bags are strong these are not good for keeping your drinks cold.
They design and color which you get for your own logo shouldshowthe image of your business however you need to choose colors, that are attractive andeye-catching. Don?t mix a number of colors or the customers will get confused and will find it difficult tofindyour brand in a crowd.

Maintain the logo easier. You may design the logo by yourself, however it is always advisable to obtain a professional to complete the work for you. It can price a lot more however the results are going to be profitable.

Often give yourself enough of time tocompletethe design of your bag, giving additional attention to color and design. Remember the old saying ?hurry, hurry has no blessings.?

Upon getting the above points sorted out the later step is to see a provider and printer. Many online marketing companies offer both services at affordable rates. Before you place any specific order in bulk always ask for a sample, in this way you are aware of what the done goods can look like, but when need be you can also make changes to the design of the Printed Bag to make it seem more attractive.

Also remember the main purpose of custom-made bags is so that theycan bereused and by doing and so make awareness for your products both locally and in the global market.

Astromarketing having a wide range of Printed Bags in Toronto Canada. It’s an online strore giving a great discount on various printed bags.

Get a Better Experience of Shopping in Destin Florida

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The holidays are an excellent season, but not without their problems. Most often, discovering the right present for someone is at the top of that record. Destin Florida shopping gives you a few techniques you can use to preserve and hopefully create your vacation shopping go a little better.

Destin shopping malls at Grand Boulevard offers a variety of exclusive shopping venues for a memorable and fun filled shopping experience.

Specialty of Destin shopping

Grand Boulevard redefines shopping with a decorative and designed environment where you can enjoy relaxing walks to your favorite stores, while admiring the Town Center environment. High-end retail store of Destin Florida specializes in baby, child & tween clothing, furniture, Sterling Silver, Fashion Jewellery, and Accessories also features elegant handbags, caps, and straps. From traditional jewelry to amazing artificial jewels and accessories. Destin Florida shopping malls where you can get the world best collections and the best shopping experience.

Points to Remember Before Shopping in Destin FL

1. Customers can be flooded with advertisements and ads during the vacations. To stay on price range, make a list of everyone you plan to buy a present, and consist of ideas of what to give each person, along with the how much you are willing to invest.

2. Picking up the right marketplace is another important thing you must consider while going for shopping. A good marketplace is one that allow free appearance of views regarding purchasing experience.

3. Confirm if the return released is by in-store credit rating, money, or return. Ask about restocking charges, especially for digital products. Ask for “gift receipts” to help if incorrect size or shades are bought.

4. Destin FL, are regarded for their enormous purchasing options. The finest quality shops can be discovered at Destin Florida malls and Destin shopping outlets. Famous sequence cafe and unique local cafe can be also discovered at these Destin malls and Outlets. Enjoyment is presented, too. Come enjoy a day of purchase, and dining

5. Use end of the year or end of season sales to stock up. For example, during the second week of Dec many suppliers will considerably cut costs or offer free freight rewards to fulfill year-end revenue objectives. Take benefits, but keep in mind that this technique most likely will not work for any must-have holiday present.

5. Shop midweek. Stores can be chaotic on Saturdays and Sundays, but suppliers need weekday customers too, and will often offer deals to attract customers. An additional benefit is the more careful customer support and relaxing experience.

So for those who are planning their vacation in Destin California then do not forget to visit Grand Boulevard. As Grand Boulevard is home to some of the most popular shopping centers in Destin, Florida. Their unique Town Center features unique stores, fine cuisine and more. Contact them and get the best program for you and your family and have excellent holidays.

How to Find the BEST Deals on Office, Warehouse, Industrial, Retail, and Commercial Space for Rent or Lease

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Flexibility Leads to Affordable Office

If You Help the Landlord Help You, Both Can Benefit. Many start-up businesses begin their journey in the affordable and comfortable confines of home. Before they know it, these businesses out grow home base and need to replant their operation in a more formal setting.

Flexibility Rewarded

Flexibility is essential if you want to find great deals that meet your unique start-up needs. If you are considering a move to commercial office space, the best advice I can give is to be flexible in your needs and look for landlords who are flexible in regards to term, price, and overall service.

Often an entrepreneur’s need for flexible lease terms will dictate their decisions. When I talk with them, their biggest fears are that of survival and of managing their growth, which is why they don’t want to get locked into a lease. If your business hits a bump in the road and you have to scale back expenses quickly, you don’t want to be stuck with lease payments for the next three years.

Conversely, if your business starts to grow faster than expected, you don’t want to be trapped in a space that is too small. For these reasons, prospective tenants prefer minimum leases of six months to one year terms which most landlords shy away from.

Working with start-up businesses has taught me the value of developing ideas that are different and unusual. I noticed that when I started getting creative, new businesses became interested. Most importantly, I am committed to meeting the needs of every tenant, so in the end we can work together and come to an agreement. If my tenants need to expand I’m delighted and make every effort to provide them with new space. On the other hand, if they need to end a contract or shrink their operation, I assist them in this process as well. In my line of work, it is crucial to develop long-term mutually beneficial relationships. I would recommend finding a landlord who will treat you in such a manner.

Watch for Deals

Recently I met a gentleman who needed a flexible deal; I had a 734 foot space sitting empty. Consequently, we agreed that he would pay $375 a month, on a month-to-month basis, while the space was still actively marketed.

In return if a lease-signing tenant was found, the gentleman agreed to move to another office in the building or to one of our nearby buildings. He also got the right-of-first-refusal in case he wanted to stay put.

Part of my job is to listen to the needs of new tenants. I heard they had a strong desire for low-cost solutions, so I developed a standard package that offers 200 square feet for only $300 a month. The property has a caf, free Wi-Fi, conference rooms, garage parking and an exercise facility.

The price of $300 per month includes everything, except for phone service.

Ask Questions

Prospective tenants often rely on me, as an agent, to take the lead, handle most of the process and answer all of the questions. Sometimes they even look to me for advice about marketing their business. Overall, they are looking for a full-service package, not just someone to show them space and get a signed contract.

TV retail guru may head to Hertford

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A considerable number of people with TV aerials in Hertford will know of retail expert Mary Portas. The shopping guru, who has had an illustrious career with several firms, including TopShop and Harvey Nichols, may be invited to the area as part of her government-based review of declining town centres.

Many other those with aerial installations in Hertford will have seen her on their screens and some may also have read books written by the expert.

According to reports in the Hertfordshire Mercury, the 49-year-old businesswoman, who has appeared in television series such as Mary Queen of Shops and Secret Shopper, is conducting her review for the Department for Business, Innovation and Skills.

Commenting on the possibility, East Hertfordshire Council leader Tony Jackson said he hoped he could secure the visit. He added: “She seems to me to be somebody who knows how retail works and I think she commands a lot of respect from people she’s connected with.

“I think we would be very interested in anybody with the degree of expertise that she’s got being able to make a constructive contribution. I think she’s got credibility. She’s become a celebrity on the back of her experience.”

Meanwhile, Councillor Jackson went on to say he is not worried about the impact on local shops of the opening of a new supermarket in the area. On this issue, he remarked: “Supermarkets and traders can operate side by side. You can’t get away from the fact that supermarkets exist and survive because people use them.”

If and when Portas does arrive in the town to conduct the work, those with TV aerials in Hertford, including people who have benefited from aerial installations in Hertford recently, will no doubt find out about the development via their local news providers on television, online and in print.

The Article is written by www.aerialforce.co.uk/tv-aerials-hertford providing Aerial Repairs Hertford and Tv Aerials Hertford. Visit https://www.aerialforce.co.uk/tv-aerials-hertford for more information on www.aerialforce.co.uk/tv-aerials-hertford Products and Services___________________________Copyright information This article is free for reproduction but must be reproduced in its entirety, including live links and this copyright statement must be included. Visit www.aerialforce.co.uk/tv-aerials-hertford for more services!